Suite number:
F1 - 303
Project:
Address:
Saanich, British Columbia
Developer:
Abstract Developments
Property type:
condo
Floor plan:
Bathrooms:
2
Bedrooms:
2.5
Size:
1068 sqft
Occupancy Date:
Mar 2025
Price, CAD
$850,000
Available
ROI
20,72%
Monthly Expenses
- condo fees— $545
- property taxes— $213
- property management— $192
- repairs and maintenance— $96
Total: $1,046
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
23.89%
Cumulative Return on Investment in Year 5
109.77%
Property Price at the End of Year 5
$1,095,000
Deposit Schedule
Total up to 10% in 7 days
$85,000
5% on Occupancy
$42,500
Net Gain (Loss)
- Net Gain Loss
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Property Price Appreciation
- 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 | $44,000 | $46,000 | $49,000 | $51,000 | $54,000 | $57,000 | $60,000 | $63,000 | $66,000 | $70,000 | $561,000 |
| rent income | $34,000 | $39,000 | $40,000 | $42,000 | $44,000 | $46,000 | $48,000 | $50,000 | $52,000 | $54,000 | $450,000 |
| mortgage principal reduction | $10,000 | $11,000 | $11,000 | $12,000 | $13,000 | $13,000 | $14,000 | $15,000 | $15,000 | $16,000 | $130,000 |
| deposit interest | - | - | - | - | - | - | - | - | - | - | - |
| gst hst rebate | $5,000 | - | - | - | - | - | - | - | - | - | $5,000 |
| total income return | $93,000 | $96,000 | $101,000 | $106,000 | $111,000 | $116,000 | $122,000 | $127,000 | $134,000 | $140,000 | $1,145,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $128,000 | - | - | - | - | - | - | - | - | - | $128,000 |
| remaining balance payment | $43,000 | - | - | - | - | - | - | - | - | - | $43,000 |
| closing cost | $37,000 | - | - | - | - | - | - | - | - | - | $37,000 |
| operating expense | $12,000 | $13,000 | $13,000 | $13,000 | $14,000 | $14,000 | $14,000 | $15,000 | $15,000 | $16,000 | $139,000 |
| mortgage payment | $39,000 | $43,000 | $43,000 | $43,000 | $43,000 | $43,000 | $43,000 | $43,000 | $43,000 | $43,000 | $422,000 |
| total expense investment | $257,000 | $55,000 | $56,000 | $56,000 | $56,000 | $57,000 | $57,000 | $57,000 | $58,000 | $58,000 | $768,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$164,160 | $41,000 | $45,000 | $50,000 | $54,000 | $59,000 | $65,000 | $70,000 | $76,000 | $82,000 | $378,000 |
| cumulative roi | $27 | $49 | $70 | $90 | $110 | $130 | $151 | $172 | $195 | $220 | $1,000 |
Cadence by Abstract Developments
Address: Saanich, British Columbia
Price Range: $615,000 - $860,000
Avail. suites: 5
1—2.5 bd
579—1068 SqFt
Proforma Calculator
80% of Original Price
Options for changing mortgage terms
The rental rate per square foot.