Suite number:
319
Project:
Address:
Grimsby, Ontario
Developer:
DeSantis Homes
Property type:
condo
Floor plan:
Bathrooms:
1
Bedrooms:
1
Size:
521 sqft
Occupancy Date:
Mar 2026
Price, CAD
$621,990
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
17.20%
Cumulative Return on Investment in Year 5
85.42%
Property Price at the End of Year 5
$801,000
Deposit Schedule
$5,000 at Signing
Total up to 10% in 180 days
$62,199
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 | $411,000 |
| rent income | $7,000 | $12,000 | $13,000 | $14,000 | $14,000 | $15,000 | $15,000 | $16,000 | $17,000 | $18,000 | $141,000 |
| mortgage principal reduction | $4,000 | $8,000 | $8,000 | $9,000 | $9,000 | $10,000 | $10,000 | $10,000 | $11,000 | $12,000 | $91,000 |
| deposit interest | $95 | - | - | - | - | - | - | - | - | - | $95 |
| gst hst rebate | $24,000 | - | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $68,000 | $54,000 | $57,000 | $60,000 | $63,000 | $66,000 | $69,000 | $73,000 | $76,000 | $80,000 | $667,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $62,000 | - | - | - | - | - | - | - | - | - | $62,000 |
| remaining balance payment | $62,000 | - | - | - | - | - | - | - | - | - | $62,000 |
| closing cost | $49,000 | - | - | - | - | - | - | - | - | - | $49,000 |
| operating expense | $4,000 | $6,000 | $6,000 | $6,000 | $7,000 | $7,000 | $7,000 | $7,000 | $7,000 | $7,000 | $65,000 |
| mortgage payment | $18,000 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 | $299,000 |
| total expense investment | $196,000 | $37,000 | $37,000 | $38,000 | $38,000 | $38,000 | $38,000 | $38,000 | $38,000 | $39,000 | $537,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$127,566 | $17,000 | $20,000 | $22,000 | $25,000 | $28,000 | $31,000 | $34,000 | $38,000 | $41,000 | $130,000 |
| cumulative roi | $33 | $49 | $62 | $74 | $85 | $96 | $105 | $115 | $124 | $133 | $877 |
Century Condos
Address: Grimsby, Ontario
Price Range: $574,000 - $1,250,000
Avail. suites: 17
1—3 bd
490—1310 SqFt