Suite number:
307 Solarium
Project:
Address:
Centre Wellington, Ontario
Developer:
Pearle Hospitality
Property type:
condo
Bathrooms:
2
Bedrooms:
2
Size:
1587 sqft
Occupancy Date:
Oct 2023
Price, CAD
$2,100,000
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
35.27%
Cumulative Return on Investment in Year 5
166.03%
Property Price at the End of Year 5
$2,705,000
Deposit Schedule
$20,000 at Signing
Total up to 20% in 10089 days
$400,000
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 | $109,000 | $115,000 | $121,000 | $127,000 | $134,000 | $141,000 | $148,000 | $156,000 | $164,000 | $172,000 | $1,386,000 |
| rent income | - | - | - | - | - | - | - | - | - | - | - |
| mortgage principal reduction | $58,000 | $32,000 | $33,000 | $35,000 | $36,000 | $37,000 | $39,000 | $41,000 | $42,000 | $44,000 | $397,000 |
| deposit interest | - | - | - | - | - | - | - | - | - | - | - |
| gst hst rebate | - | - | - | - | - | - | - | - | - | - | - |
| total income return | $167,000 | $147,000 | $154,000 | $162,000 | $170,000 | $178,000 | $187,000 | $196,000 | $206,000 | $216,000 | $1,783,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | - | - | - | - | - | - | - | - | - | - | - |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | - | - | - | - | - | - | - | - |
| operating expense | - | - | - | - | - | - | - | - | - | - | - |
| mortgage payment | $96,000 | $96,000 | $96,000 | $96,000 | $96,000 | $96,000 | $96,000 | $96,000 | $96,000 | $96,000 | $962,000 |
| total expense investment | $96,000 | $96,000 | $96,000 | $96,000 | $96,000 | $96,000 | $96,000 | $96,000 | $96,000 | $96,000 | $962,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | $70,000 | $51,000 | $58,000 | $65,000 | $73,000 | $82,000 | $91,000 | $100,000 | $110,000 | $120,000 | $820,000 |
| cumulative roi | $173 | $163 | $162 | $163 | $166 | $169 | $173 | $177 | $181 | $185 | $2,000 |
Your Home in Elora Awaits Discover Elora Mill Condominiums, built alongside the historic Elora Mill Hotel & Spa and overlooking the Grand River, just steps away from the picturesque village of Elora. Reminiscent of a private members' club, the lobby...
Address: Centre Wellington, Ontario
Price Range: $999,000 - $3,335,000
Avail. suites: 7
1—3.5 bd
805—2223 SqFt