Suite number:
511 - 1C+D
Project:
Address:
Hamilton, Ontario
Developer:
Matrix Development Group
Property type:
condo
Bathrooms:
1
Bedrooms:
1.5
Size:
546 sqft
Occupancy Date:
Apr 2024
Price, CAD
$601,900
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
32.70%
Cumulative Return on Investment in Year 5
151.46%
Property Price at the End of Year 5
$775,000
Deposit Schedule
$5,000 at Signing
Total up to 20% in 10029 days
$120,380
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 | $31,000 | $33,000 | $35,000 | $36,000 | $38,000 | $40,000 | $42,000 | $45,000 | $47,000 | $49,000 | $397,000 |
| rent income | - | - | - | - | - | - | - | - | - | - | - |
| mortgage principal reduction | $12,000 | $8,000 | $9,000 | $9,000 | $10,000 | $10,000 | $10,000 | $11,000 | $11,000 | $12,000 | $103,000 |
| deposit interest | - | - | - | - | - | - | - | - | - | - | - |
| gst hst rebate | - | - | - | - | - | - | - | - | - | - | - |
| total income return | $44,000 | $41,000 | $43,000 | $46,000 | $48,000 | $50,000 | $53,000 | $56,000 | $58,000 | $61,000 | $500,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | - | - | - | - | - | - | - | - | - | - | - |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | - | - | - | - | - | - | - | - |
| operating expense | - | - | - | - | - | - | - | - | - | - | - |
| mortgage payment | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 | $293,000 |
| total expense investment | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 | $293,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | $14,000 | $12,000 | $14,000 | $16,000 | $19,000 | $21,000 | $24,000 | $26,000 | $29,000 | $32,000 | $207,000 |
| cumulative roi | $149 | $145 | $146 | $148 | $151 | $155 | $159 | $162 | $167 | $171 | $2,000 |
Westgate on Main
Address: Hamilton, Ontario
Price Range: $460,000 - $740,000
Avail. suites: 12
0—2.5 bd
315—800 SqFt