Suite number:
A592 - BURNET
Project:
Address:
Richmond Hill, Ontario
Developer:
Greenpark Group
Property type:
condo
Floor plan:
Bathrooms:
1
Bedrooms:
1
Size:
592 sqft
Occupancy Date:
Sep 2026
Price, CAD
$622,900
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
19.37%
Cumulative Return on Investment in Year 5
93.53%
Property Price at the End of Year 5
$802,000
Deposit Schedule
$5,000 at Signing
Total up to 5% in 30 days
$31,145
2.5% in 180 days
$15,573
2.5% in 365 days
$15,573
2.5% in 545 days
$15,573
7.5% on Occupancy
$46,718
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 | - | $3,000 | $14,000 | $15,000 | $15,000 | $16,000 | $17,000 | $17,000 | $18,000 | $19,000 | $134,000 |
| mortgage principal reduction | - | $2,000 | $8,000 | $8,000 | $9,000 | $9,000 | $9,000 | $10,000 | $10,000 | $11,000 | $76,000 |
| deposit interest | -$708 | $4,000 | - | - | - | - | - | - | - | - | $3,000 |
| gst hst rebate | - | $24,000 | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $32,000 | $67,000 | $58,000 | $60,000 | $63,000 | $67,000 | $70,000 | $73,000 | $77,000 | $81,000 | $648,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $47,000 | $78,000 | - | - | - | - | - | - | - | - | $125,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | $49,000 | - | - | - | - | - | - | - | - | $49,000 |
| operating expense | - | $2,000 | $8,000 | $8,000 | $8,000 | $8,000 | $9,000 | $9,000 | $9,000 | $9,000 | $70,000 |
| mortgage payment | - | $8,000 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 | $257,000 |
| total expense investment | $47,000 | $137,000 | $39,000 | $39,000 | $39,000 | $40,000 | $40,000 | $40,000 | $40,000 | $40,000 | $501,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$15,127 | -$69,998 | $19,000 | $21,000 | $24,000 | $27,000 | $30,000 | $33,000 | $37,000 | $40,000 | $147,000 |
| cumulative roi | $69 | $54 | $69 | $82 | $94 | $104 | $114 | $123 | $133 | $142 | $984 |
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