Suite number:
Unit B
Project:
Address:
Richmond, British Columbia
Developer:
Oris
Property type:
condo
Bathrooms:
1
Bedrooms:
1.5
Size:
646 sqft
Occupancy Date:
Sep 2024
Price, CAD
$579,900
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
96.93%
Cumulative Return on Investment in Year 5
451.18%
Property Price at the End of Year 5
$747,000
Deposit Schedule
$5 at Signing
Total up to 5% in 30 days
$28,990
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 | $30,000 | $32,000 | $33,000 | $35,000 | $37,000 | $39,000 | $41,000 | $43,000 | $45,000 | $48,000 | $383,000 |
| rent income | $24,000 | $25,000 | $26,000 | $27,000 | $28,000 | $29,000 | $30,000 | $32,000 | $33,000 | $34,000 | $287,000 |
| mortgage principal reduction | $8,000 | $9,000 | $9,000 | $9,000 | $10,000 | $10,000 | $10,000 | $11,000 | $11,000 | $12,000 | $98,000 |
| deposit interest | - | - | - | - | - | - | - | - | - | - | - |
| gst hst rebate | $5,000 | - | - | - | - | - | - | - | - | - | $5,000 |
| total income return | $67,000 | $65,000 | $68,000 | $71,000 | $74,000 | $78,000 | $82,000 | $85,000 | $89,000 | $94,000 | $773,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | - | - | - | - | - | - | - | - | - | - | - |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | - | - | - | - | - | - | - | - |
| operating expense | $8,000 | $9,000 | $9,000 | $9,000 | $9,000 | $10,000 | $10,000 | $10,000 | $11,000 | $11,000 | $97,000 |
| mortgage payment | $27,000 | $27,000 | $27,000 | $27,000 | $27,000 | $27,000 | $27,000 | $27,000 | $27,000 | $27,000 | $266,000 |
| total expense investment | $35,000 | $35,000 | $35,000 | $36,000 | $36,000 | $36,000 | $37,000 | $37,000 | $37,000 | $38,000 | $362,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | $32,000 | $30,000 | $32,000 | $35,000 | $38,000 | $42,000 | $45,000 | $48,000 | $52,000 | $56,000 | $411,000 |
| cumulative roi | $416 | $397 | $408 | $427 | $451 | $480 | $514 | $553 | $599 | $653 | $5,000 |
Welcome to Hamilton Village, where it all comes together. Hidden away in a small pocket of East Richmond, it might just be the Lower Mainland’s best-kept secret. Only 12 homes remain! The East and West, mixed-use buildings, share two indoor amenity s...
Address: Richmond, British Columbia
Price Range: $580,000 - $760,000
Avail. suites: 4
1.5—2.5 bd
646—979 SqFt