Suite number:
213 - Burwell
Project:
Address:
Centre Wellington, Ontario
Developer:
Pearle Hospitality
Property type:
condo
Bathrooms:
2
Bedrooms:
1.5
Size:
1427 sqft
Occupancy Date:
Oct 2023
Price, CAD
$999,900
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
35.32%
Cumulative Return on Investment in Year 5
167.30%
Property Price at the End of Year 5
$1,288,000
Deposit Schedule
$20,000 at Signing
Total up to 20% in 10089 days
$199,980
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 | $52,000 | $55,000 | $58,000 | $61,000 | $64,000 | $67,000 | $70,000 | $74,000 | $78,000 | $82,000 | $660,000 |
| rent income | - | - | - | - | - | - | - | - | - | - | - |
| mortgage principal reduction | $30,000 | $15,000 | $16,000 | $17,000 | $17,000 | $18,000 | $19,000 | $19,000 | $20,000 | $21,000 | $193,000 |
| deposit interest | - | - | - | - | - | - | - | - | - | - | - |
| gst hst rebate | - | - | - | - | - | - | - | - | - | - | - |
| total income return | $82,000 | $70,000 | $73,000 | $77,000 | $81,000 | $85,000 | $89,000 | $94,000 | $98,000 | $103,000 | $852,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | - | - | - | - | - | - | - | - | - | - | - |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | - | - | - | - | - | - | - | - |
| operating expense | - | - | - | - | - | - | - | - | - | - | - |
| mortgage payment | $46,000 | $46,000 | $46,000 | $46,000 | $46,000 | $46,000 | $46,000 | $46,000 | $46,000 | $46,000 | $458,000 |
| total expense investment | $46,000 | $46,000 | $46,000 | $46,000 | $46,000 | $46,000 | $46,000 | $46,000 | $46,000 | $46,000 | $458,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | $36,000 | $24,000 | $28,000 | $31,000 | $35,000 | $39,000 | $43,000 | $48,000 | $52,000 | $57,000 | $394,000 |
| cumulative roi | $179 | $166 | $164 | $165 | $167 | $170 | $174 | $178 | $182 | $186 | $2,000 |
Elora Mill Condominiums
Address: Centre Wellington, Ontario
Price Range: $999,000 - $3,335,000
Avail. suites: 7
1—3.5 bd
805—2223 SqFt