Suite number:
1303 - ST-0-03
Project:
Address:
Hamilton, Ontario
Developer:
Slate Asset Management
Property type:
condo
Floor plan:
Bathrooms:
1
Bedrooms:
0
Size:
363 sqft
Occupancy Date:
Mar 2028
Price, CAD
$399,900
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
18.59%
Cumulative Return on Investment in Year 5
94.64%
Property Price at the End of Year 5
$515,000
Deposit Schedule
$5,000 at Signing
Total up to 2.5% in 30 days
$9,998
2.5% in 60 days
$9,998
2.5% in 120 days
$9,998
2.5% in 180 days
$9,998
10% on Occupancy
$39,990
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 | $21,000 | $22,000 | $23,000 | $24,000 | $25,000 | $27,000 | $28,000 | $30,000 | $31,000 | $33,000 | $264,000 |
| rent income | - | - | $1,000 | $4,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $6,000 | $37,000 |
| mortgage principal reduction | - | - | $2,000 | $5,000 | $5,000 | $6,000 | $6,000 | $6,000 | $6,000 | $7,000 | $42,000 |
| deposit interest | $2,000 | $2,000 | $1,000 | - | - | - | - | - | - | - | $5,000 |
| gst hst rebate | - | - | $24,000 | - | - | - | - | - | - | - | $24,000 |
| total income return | $23,000 | $24,000 | $51,000 | $34,000 | $35,000 | $37,000 | $39,000 | $41,000 | $43,000 | $45,000 | $372,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $40,000 | - | $40,000 | - | - | - | - | - | - | - | $80,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | $45,000 | - | - | - | - | - | - | - | $45,000 |
| operating expense | - | - | $2,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $36,000 |
| mortgage payment | - | - | $7,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $147,000 |
| total expense investment | $40,000 | - | $93,000 | $25,000 | $25,000 | $25,000 | $25,000 | $25,000 | $25,000 | $25,000 | $308,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$17,338 | $24,000 | -$41,850 | $9,000 | $11,000 | $12,000 | $14,000 | $16,000 | $18,000 | $20,000 | $64,000 |
| cumulative roi | $57 | $117 | $77 | $87 | $95 | $102 | $109 | $115 | $121 | $127 | $1,000 |
Corktown Condos
Address: Hamilton, Ontario
Price Range: $335,000 - $801,000
Avail. suites: 23
0—2.5 bd
302—864 SqFt