Suite number:
319
Project:
Address:
Grimsby, Ontario
Developer:
DeSantis Homes
Property type:
condo
Bathrooms:
1
Bedrooms:
1
Size:
521 sqft
Occupancy Date:
Mar 2026
Price, CAD
$621,990
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
18.91%
Cumulative Return on Investment in Year 5
91.19%
Property Price at the End of Year 5
$801,000
Deposit Schedule
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 | $32,000 | $34,000 | $36,000 | $38,000 | $40,000 | $42,000 | $44,000 | $46,000 | $49,000 | $51,000 | $410,000 |
| rent income | - | $8,000 | $13,000 | $13,000 | $14,000 | $14,000 | $15,000 | $15,000 | $16,000 | $17,000 | $125,000 |
| mortgage principal reduction | - | $5,000 | $8,000 | $9,000 | $9,000 | $9,000 | $10,000 | $10,000 | $11,000 | $11,000 | $83,000 |
| deposit interest | - | - | - | - | - | - | - | - | - | - | - |
| gst hst rebate | - | $24,000 | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $32,000 | $71,000 | $57,000 | $59,000 | $62,000 | $65,000 | $69,000 | $72,000 | $75,000 | $79,000 | $643,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | - | - | - | - | - | - | - | - | - | - | - |
| remaining balance payment | - | $124,000 | - | - | - | - | - | - | - | - | $124,000 |
| closing cost | - | $48,000 | - | - | - | - | - | - | - | - | $48,000 |
| operating expense | - | $4,000 | $6,000 | $6,000 | $7,000 | $7,000 | $7,000 | $7,000 | $8,000 | $8,000 | $60,000 |
| mortgage payment | - | $20,000 | $30,000 | $30,000 | $30,000 | $30,000 | $30,000 | $30,000 | $30,000 | $30,000 | $262,000 |
| total expense investment | - | $197,000 | $37,000 | $37,000 | $37,000 | $37,000 | $37,000 | $38,000 | $38,000 | $38,000 | $494,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | $32,000 | -$125,101 | $20,000 | $23,000 | $25,000 | $28,000 | $31,000 | $34,000 | $38,000 | $41,000 | $148,000 |
| cumulative roi | - | $51 | $66 | $79 | $91 | $102 | $112 | $122 | $131 | $141 | $897 |
Century Condos
Address: Grimsby, Ontario
Price Range: $574,000 - $1,250,000
Avail. suites: 17
1—3 bd
490—1310 SqFt