Suite number:
106
Project:
Address:
Grimsby, Ontario
Developer:
DeSantis Homes
Property type:
condo
Floor plan:
Bathrooms:
2
Bedrooms:
3
Size:
1272 sqft
Occupancy Date:
Mar 2026
Price, CAD
$1,249,900
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
22.75%
Cumulative Return on Investment in Year 5
104.46%
Property Price at the End of Year 5
$1,610,000
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 | $65,000 | $68,000 | $72,000 | $76,000 | $80,000 | $84,000 | $88,000 | $93,000 | $97,000 | $103,000 | $825,000 |
| rent income | - | $33,000 | $46,000 | $48,000 | $50,000 | $52,000 | $54,000 | $57,000 | $59,000 | $62,000 | $460,000 |
| mortgage principal reduction | - | $12,000 | $16,000 | $17,000 | $18,000 | $18,000 | $19,000 | $20,000 | $21,000 | $22,000 | $163,000 |
| deposit interest | - | - | - | - | - | - | - | - | - | - | - |
| gst hst rebate | - | $24,000 | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $65,000 | $137,000 | $134,000 | $140,000 | $147,000 | $154,000 | $162,000 | $170,000 | $178,000 | $186,000 | $1,473,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | - | - | - | - | - | - | - | - | - | - | - |
| remaining balance payment | - | $250,000 | - | - | - | - | - | - | - | - | $250,000 |
| closing cost | - | $62,000 | - | - | - | - | - | - | - | - | $62,000 |
| operating expense | - | $12,000 | $16,000 | $16,000 | $17,000 | $17,000 | $17,000 | $18,000 | $18,000 | $19,000 | $149,000 |
| mortgage payment | - | $47,000 | $63,000 | $63,000 | $63,000 | $63,000 | $63,000 | $63,000 | $63,000 | $63,000 | $548,000 |
| total expense investment | - | $371,000 | $78,000 | $79,000 | $79,000 | $80,000 | $80,000 | $80,000 | $81,000 | $81,000 | $1,009,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | $65,000 | -$233,343 | $55,000 | $61,000 | $68,000 | $75,000 | $82,000 | $89,000 | $97,000 | $105,000 | $464,000 |
| cumulative roi | - | $50 | $70 | $88 | $104 | $121 | $137 | $152 | $169 | $186 | $1,000 |
Century Condos
Address: Grimsby, Ontario
Price Range: $574,000 - $1,250,000
Avail. suites: 17
1—3 bd
490—1310 SqFt