Suite number:
1207 - Radar
Project:
Address:
Hamilton, Ontario
Developer:
Canlight Realty Corp.
Property type:
condo
Bathrooms:
1
Bedrooms:
1
Size:
695 sqft
Occupancy Date:
Jul 2025
Price, CAD
$714,990
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
17.92%
Cumulative Return on Investment in Year 5
87.19%
Property Price at the End of Year 5
$921,000
Deposit Schedule
$5,500 at Signing
Total up to 2.5% in 0 days
$17,875
5% in 120 days
$35,750
5% on Occupancy
$35,750
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 | $37,000 | $39,000 | $41,000 | $43,000 | $46,000 | $48,000 | $50,000 | $53,000 | $56,000 | $59,000 | $472,000 |
| rent income | $4,000 | $11,000 | $12,000 | $12,000 | $13,000 | $13,000 | $14,000 | $15,000 | $15,000 | $16,000 | $125,000 |
| mortgage principal reduction | $3,000 | $10,000 | $11,000 | $11,000 | $12,000 | $12,000 | $12,000 | $13,000 | $14,000 | $14,000 | $112,000 |
| deposit interest | $751 | - | - | - | - | - | - | - | - | - | $751 |
| gst hst rebate | $24,000 | - | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $69,000 | $61,000 | $64,000 | $67,000 | $70,000 | $73,000 | $77,000 | $81,000 | $84,000 | $89,000 | $733,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $89,000 | - | - | - | - | - | - | - | - | - | $89,000 |
| remaining balance payment | $54,000 | - | - | - | - | - | - | - | - | - | $54,000 |
| closing cost | $50,000 | - | - | - | - | - | - | - | - | - | $50,000 |
| operating expense | $3,000 | $9,000 | $9,000 | $9,000 | $9,000 | $10,000 | $10,000 | $10,000 | $11,000 | $11,000 | $91,000 |
| mortgage payment | $11,000 | $33,000 | $33,000 | $33,000 | $33,000 | $33,000 | $33,000 | $33,000 | $33,000 | $33,000 | $306,000 |
| total expense investment | $207,000 | $41,000 | $42,000 | $42,000 | $42,000 | $42,000 | $43,000 | $43,000 | $43,000 | $44,000 | $589,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$137,674 | $19,000 | $22,000 | $25,000 | $28,000 | $31,000 | $34,000 | $37,000 | $41,000 | $45,000 | $144,000 |
| cumulative roi | $33 | $50 | $64 | $76 | $87 | $97 | $106 | $115 | $124 | $132 | $884 |
Radio Arts
Address: Hamilton, Ontario
Price Range: $477,000 - $721,000
Avail. suites: 27
0—3 bd
363—1020 SqFt