Suite number:
Caroline
Project:
Address:
Clearview, Ontario
Developer:
MDM Developments
Property type:
condo
Bathrooms:
2
Bedrooms:
2
Size:
1020 sqft
Occupancy Date:
Jan 2024
$925,900
Available
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
35.22%
Cumulative Return on Investment in Year 5
164.76%
Property Price at the End of Year 5
$1,193,000
Deposit Schedule
$10,000 at Signing
Total up to 6% in 10029 days
$45,554
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 | $48,000 | $51,000 | $53,000 | $56,000 | $59,000 | $62,000 | $65,000 | $69,000 | $72,000 | $76,000 | $611,000 |
rent income | - | - | - | - | - | - | - | - | - | - | - |
mortgage principal reduction | $23,000 | $14,000 | $15,000 | $15,000 | $16,000 | $16,000 | $17,000 | $18,000 | $19,000 | $19,000 | $172,000 |
deposit interest | - | - | - | - | - | - | - | - | - | - | - |
gst hst rebate | - | - | - | - | - | - | - | - | - | - | - |
total income return | $71,000 | $65,000 | $68,000 | $71,000 | $75,000 | $78,000 | $82,000 | $86,000 | $91,000 | $95,000 | $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 | $42,000 | $42,000 | $42,000 | $42,000 | $42,000 | $42,000 | $42,000 | $42,000 | $42,000 | $42,000 | $424,000 |
total expense investment | $42,000 | $42,000 | $42,000 | $42,000 | $42,000 | $42,000 | $42,000 | $42,000 | $42,000 | $42,000 | $424,000 |
Other
Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
---|---|---|---|---|---|---|---|---|---|---|---|
net gain loss | $29,000 | $22,000 | $25,000 | $29,000 | $32,000 | $36,000 | $40,000 | $44,000 | $48,000 | $53,000 | $358,000 |
cumulative roi | $168 | $160 | $160 | $162 | $165 | $168 | $172 | $176 | $180 | $184 | $2,000 |
Welcome to the vibrant village of Creemore, Ontario. Creemore’s name and town origins have strong Irish roots the name is derived from the Irish “croi mor,” which means “big heart” and it was the village’s founder, Irish entrepreneur Edward Webster w...
Address: Clearview, Ontario
Price Range: $630,000 - $1,430,000
Avail. suites: 10
1—3 bd
700—1411 SqFt