Suite number:
B633 - BURNET
Project:
Address:
Richmond Hill, Ontario
Developer:
Greenpark Group
Property type:
condo
Floor plan:
Bathrooms:
1
Bedrooms:
1.5
Size:
633 sqft
Occupancy Date:
Sep 2027
Price, CAD
$695,900
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
22.18%
Cumulative Return on Investment in Year 5
105.78%
Property Price at the End of Year 5
$897,000
Deposit Schedule
$5,000 at Signing
Total up to 5% in 30 days
$34,795
2.5% in 180 days
$17,398
2.5% in 365 days
$17,398
2.5% in 545 days
$17,398
2.5% in 725 days
$17,398
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 | $36,000 | $38,000 | $40,000 | $42,000 | $44,000 | $47,000 | $49,000 | $52,000 | $54,000 | $57,000 | $459,000 |
| rent income | - | - | $18,000 | $23,000 | $24,000 | $25,000 | $26,000 | $27,000 | $28,000 | $29,000 | $201,000 |
| mortgage principal reduction | - | - | $7,000 | $9,000 | $9,000 | $10,000 | $10,000 | $11,000 | $11,000 | $12,000 | $80,000 |
| deposit interest | -$1,624 | $7,000 | $824 | - | - | - | - | - | - | - | $6,000 |
| gst hst rebate | - | - | $24,000 | - | - | - | - | - | - | - | $24,000 |
| total income return | $34,000 | $45,000 | $90,000 | $74,000 | $78,000 | $81,000 | $85,000 | $89,000 | $94,000 | $98,000 | $770,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $52,000 | $52,000 | $35,000 | - | - | - | - | - | - | - | $139,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | $51,000 | - | - | - | - | - | - | - | $51,000 |
| operating expense | - | - | $8,000 | $9,000 | $9,000 | $10,000 | $10,000 | $10,000 | $10,000 | $11,000 | $77,000 |
| mortgage payment | - | - | $29,000 | $35,000 | $35,000 | $35,000 | $35,000 | $35,000 | $35,000 | $35,000 | $273,000 |
| total expense investment | $52,000 | $52,000 | $122,000 | $44,000 | $44,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $540,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$17,733 | -$7,328 | -$31,875 | $30,000 | $33,000 | $37,000 | $41,000 | $44,000 | $49,000 | $53,000 | $230,000 |
| cumulative roi | $69 | $76 | $75 | $91 | $106 | $119 | $133 | $146 | $158 | $172 | $1,000 |
Rise & Rose Condos (Tower 1 & 2)
Address: Richmond Hill, Ontario
Price Range: $623,000 - $1,051,000
Avail. suites: 15
1—3 bd
492—1145 SqFt