Suite number:
510 - Grand PH
Project:
Address:
Centre Wellington, Ontario
Developer:
Pearle Hospitality
Property type:
condo
Bathrooms:
2
Bedrooms:
3.5
Size:
2223 sqft
Occupancy Date:
Oct 2023
Price, CAD
$3,335,000
Available
ROI
Want to own a unit? —
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
$4,296,000
Deposit Schedule
$20,000 at Signing
Total up to 20% in 10089 days
$667,000
Net Gain (Loss)
Get Expert Advice
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 | $173,000 | $182,000 | $192,000 | $202,000 | $212,000 | $223,000 | $235,000 | $247,000 | $260,000 | $274,000 | $2,201,000 |
| rent income | - | - | - | - | - | - | - | - | - | - | - |
| mortgage principal reduction | $100,000 | $51,000 | $53,000 | $55,000 | $58,000 | $60,000 | $62,000 | $65,000 | $68,000 | $70,000 | $642,000 |
| deposit interest | - | - | - | - | - | - | - | - | - | - | - |
| gst hst rebate | - | - | - | - | - | - | - | - | - | - | - |
| total income return | $273,000 | $233,000 | $245,000 | $257,000 | $270,000 | $283,000 | $297,000 | $312,000 | $328,000 | $344,000 | $2,843,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | - | - | - | - | - | - | - | - | - | - | - |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | - | - | - | - | - | - | - | - |
| operating expense | - | - | - | - | - | - | - | - | - | - | - |
| mortgage payment | $153,000 | $153,000 | $153,000 | $153,000 | $153,000 | $153,000 | $153,000 | $153,000 | $153,000 | $153,000 | $1,528,000 |
| total expense investment | $153,000 | $153,000 | $153,000 | $153,000 | $153,000 | $153,000 | $153,000 | $153,000 | $153,000 | $153,000 | $1,528,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | $120,000 | $81,000 | $92,000 | $104,000 | $117,000 | $130,000 | $145,000 | $159,000 | $175,000 | $191,000 | $1,315,000 |
| 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