Suite number:
105 - Kerr
Project:
Address:
Oakville, Ontario
Developer:
Rise Developments
Property type:
condo
Floor plan:
Bathrooms:
Bedrooms:
2.5
Size:
1637 sqft
Occupancy Date:
Aug 2024
Status
This property is sold
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Investment Period: 5 years
Yearly Return on Investment in Year 5
31.53%
Cumulative Return on Investment in Year 5
145.39%
Property Price at the End of Year 5
$2,498,000
Deposit Schedule
$5,000 at Signing
Net Gain (Loss)
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Property Price Appreciation
Investment Details (10-Year Period)
Income/Return
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| property price appreciation | $101,000 | $106,000 | $112,000 | $117,000 | $123,000 | $130,000 | $137,000 | $144,000 | $151,000 | $159,000 | $1,280,000 |
| rent income | - | - | - | - | - | - | - | - | - | - | - |
| mortgage principal reduction | $36,000 | $26,000 | $27,000 | $28,000 | $30,000 | $31,000 | $33,000 | $34,000 | $36,000 | $38,000 | $318,000 |
| deposit interest | - | - | - | - | - | - | - | - | - | - | - |
| gst hst rebate | - | - | - | - | - | - | - | - | - | - | - |
| total income return | $137,000 | $132,000 | $139,000 | $146,000 | $153,000 | $161,000 | $169,000 | $178,000 | $187,000 | $197,000 | $1,598,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | - | - | - | - | - | - | - | - | - | - | - |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | - | - | - | - | - | - | - | - |
| operating expense | - | - | - | - | - | - | - | - | - | - | - |
| mortgage payment | $97,000 | $97,000 | $97,000 | $97,000 | $97,000 | $97,000 | $97,000 | $97,000 | $97,000 | $97,000 | $971,000 |
| total expense investment | $97,000 | $97,000 | $97,000 | $97,000 | $97,000 | $97,000 | $97,000 | $97,000 | $97,000 | $97,000 | $971,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | $40,000 | $35,000 | $41,000 | $49,000 | $56,000 | $64,000 | $72,000 | $81,000 | $90,000 | $100,000 | $627,000 |
| cumulative roi | $141 | $138 | $140 | $142 | $145 | $149 | $152 | $156 | $160 | $165 | $1,000 |
Berkshire Residences
Address: Oakville, Ontario
Price Range: $1,939,000 - $2,551,000
Avail. suites: 5
1—3.5 bd
737—2187 SqFt