Suite number:
1211-B5
Project:
Address:
Richmond, British Columbia
Developer:
Canderel Residential Inc.
Property type:
condo
Floor plan:
Bathrooms:
2
Bedrooms:
2
Size:
736 sqft
Occupancy Date:
Jun 2025
Price, CAD
$942,900
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
19.18%
Cumulative Return on Investment in Year 5
87.21%
Property Price at the End of Year 5
$1,215,000
Deposit Schedule
$10,000 at Signing
Total up to 5% in 7 days
$47,145
5% on Occupancy
$47,145
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 | $49,000 | $52,000 | $54,000 | $57,000 | $60,000 | $63,000 | $66,000 | $70,000 | $74,000 | $77,000 | $622,000 |
| rent income | $13,000 | $22,000 | $23,000 | $24,000 | $25,000 | $26,000 | $27,000 | $28,000 | $30,000 | $31,000 | $249,000 |
| mortgage principal reduction | $7,000 | $12,000 | $13,000 | $13,000 | $14,000 | $14,000 | $15,000 | $16,000 | $17,000 | $17,000 | $138,000 |
| deposit interest | $727 | - | - | - | - | - | - | - | - | - | $727 |
| gst hst rebate | $5,000 | - | - | - | - | - | - | - | - | - | $5,000 |
| total income return | $74,000 | $86,000 | $90,000 | $94,000 | $99,000 | $104,000 | $109,000 | $114,000 | $120,000 | $126,000 | $1,015,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $94,000 | - | - | - | - | - | - | - | - | - | $94,000 |
| remaining balance payment | $94,000 | - | - | - | - | - | - | - | - | - | $94,000 |
| closing cost | $38,000 | - | - | - | - | - | - | - | - | - | $38,000 |
| operating expense | $6,000 | $11,000 | $11,000 | $12,000 | $12,000 | $12,000 | $12,000 | $13,000 | $13,000 | $13,000 | $116,000 |
| mortgage payment | $28,000 | $47,000 | $47,000 | $47,000 | $47,000 | $47,000 | $47,000 | $47,000 | $47,000 | $47,000 | $453,000 |
| total expense investment | $261,000 | $58,000 | $59,000 | $59,000 | $59,000 | $59,000 | $60,000 | $60,000 | $60,000 | $60,000 | $795,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$186,947 | $27,000 | $31,000 | $35,000 | $40,000 | $44,000 | $49,000 | $54,000 | $60,000 | $65,000 | $220,000 |
| cumulative roi | $25 | $44 | $61 | $75 | $87 | $99 | $110 | $120 | $131 | $141 | $893 |
Luxe on Lansdowne
Address: Richmond, British Columbia
Price Range: $928,000 - $981,000
Avail. suites: 9
2 bd
736—1087 SqFt