Suite number:
A590 Burnet
Project:
Address:
Richmond Hill, Ontario
Developer:
Greenpark Group
Property type:
condo
Bathrooms:
1
Bedrooms:
1
Size:
590 sqft
Occupancy Date:
Sep 2026
Price, CAD
$621,990
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
21.34%
Cumulative Return on Investment in Year 5
103.12%
Property Price at the End of Year 5
$801,000
Deposit Schedule
$5,000 at Signing
Total up to 5% in 30 days
$26,100
2.5% in 180 days
$15,550
2.5% in 365 days
$15,550
2.5% in 545 days
$15,550
7.5% on Occupancy
$46,649
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 | $410,000 |
| rent income | - | - | $14,000 | $14,000 | $15,000 | $16,000 | $16,000 | $17,000 | $18,000 | $19,000 | $129,000 |
| mortgage principal reduction | - | - | $9,000 | $9,000 | $9,000 | $10,000 | $10,000 | $11,000 | $11,000 | $12,000 | $81,000 |
| deposit interest | $2,000 | $5,000 | - | - | - | - | - | - | - | - | $7,000 |
| gst hst rebate | - | - | $24,000 | - | - | - | - | - | - | - | $24,000 |
| total income return | $34,000 | $39,000 | $82,000 | $61,000 | $64,000 | $67,000 | $70,000 | $74,000 | $77,000 | $81,000 | $651,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $47,000 | $78,000 | - | - | - | - | - | - | - | - | $124,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | $48,000 | - | - | - | - | - | - | - | - | $48,000 |
| operating expense | - | - | $8,000 | $8,000 | $8,000 | $8,000 | $9,000 | $9,000 | $9,000 | $10,000 | $69,000 |
| mortgage payment | - | - | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 | $228,000 |
| total expense investment | $47,000 | $126,000 | $36,000 | $36,000 | $37,000 | $37,000 | $37,000 | $38,000 | $38,000 | $38,000 | $470,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$12,492 | -$86,960 | $46,000 | $25,000 | $27,000 | $30,000 | $33,000 | $36,000 | $40,000 | $43,000 | $181,000 |
| cumulative roi | $73 | $44 | $76 | $90 | $103 | $115 | $126 | $136 | $147 | $157 | $1,000 |
Burnet is the second phase of Rise & Rose; a contemporary new condominium community coming to Yonge Street and Canyon Hill Avenue in Richmond Hill. Offering meticulously crafted suites, enriching amenities, and a congenial community, Rise & Rose is a...
Address: Richmond Hill, Ontario
Price Range: $622,000 - $1,011,000
Avail. suites: 17
1—3 bd
492—1145 SqFt