Suite number:
RS122 - Granary
Project:
Address:
Centre Wellington, Ontario
Developer:
Pearle Hospitality
Property type:
condo
Bathrooms:
1
Bedrooms:
1.5
Size:
1008 sqft
Occupancy Date:
Oct 2023
Status
This property is sold
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Investment Period: 5 years
Yearly Return on Investment in Year 5
32.85%
Cumulative Return on Investment in Year 5
154.84%
Property Price at the End of Year 5
$1,610,000
Deposit Schedule
$20,000 at Signing
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 | $65,000 | $68,000 | $72,000 | $76,000 | $80,000 | $84,000 | $88,000 | $93,000 | $97,000 | $103,000 | $825,000 |
| rent income | - | - | - | - | - | - | - | - | - | - | - |
| mortgage principal reduction | $34,000 | $18,000 | $19,000 | $19,000 | $20,000 | $21,000 | $22,000 | $23,000 | $24,000 | $25,000 | $227,000 |
| deposit interest | - | - | - | - | - | - | - | - | - | - | - |
| gst hst rebate | - | - | - | - | - | - | - | - | - | - | - |
| total income return | $99,000 | $86,000 | $90,000 | $95,000 | $100,000 | $105,000 | $110,000 | $116,000 | $122,000 | $128,000 | $1,051,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | - | - | - | - | - | - | - | - | - | - | - |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | - | - | - | - | - | - | - | - |
| operating expense | - | - | - | - | - | - | - | - | - | - | - |
| mortgage payment | $61,000 | $61,000 | $61,000 | $61,000 | $61,000 | $61,000 | $61,000 | $61,000 | $61,000 | $61,000 | $608,000 |
| total expense investment | $61,000 | $61,000 | $61,000 | $61,000 | $61,000 | $61,000 | $61,000 | $61,000 | $61,000 | $61,000 | $608,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | $38,000 | $25,000 | $30,000 | $34,000 | $39,000 | $44,000 | $49,000 | $55,000 | $61,000 | $67,000 | $443,000 |
| cumulative roi | $163 | $152 | $151 | $152 | $155 | $158 | $161 | $165 | $169 | $173 | $2,000 |
Elora Mill Condominiums
Address: Centre Wellington, Ontario
Price Range: $1,000,000 - $3,335,000
Avail. suites: 6
1—3.5 bd
805—2223 SqFt