Suite number:
307 (Model Boom Box)
Project:
Address:
Hamilton, Ontario
Developer:
Canlight Realty Corp.
Property type:
condo
Bathrooms:
1
Bedrooms:
0
Size:
363 sqft
Occupancy Date:
Jul 2025
Price, CAD
$476,990
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
16.30%
Cumulative Return on Investment in Year 5
82.78%
Property Price at the End of Year 5
$615,000
Deposit Schedule
$5,500 at Signing
Total up to 2.5% in 0 days
$11,925
5% in 120 days
$23,850
5% on Occupancy
$23,850
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 | $25,000 | $26,000 | $27,000 | $29,000 | $30,000 | $32,000 | $34,000 | $35,000 | $37,000 | $39,000 | $315,000 |
| rent income | $1,000 | $4,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $6,000 | $6,000 | $6,000 | $49,000 |
| mortgage principal reduction | $2,000 | $7,000 | $7,000 | $7,000 | $8,000 | $8,000 | $8,000 | $9,000 | $9,000 | $9,000 | $74,000 |
| deposit interest | $532 | - | - | - | - | - | - | - | - | - | $532 |
| gst hst rebate | $24,000 | - | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $53,000 | $37,000 | $39,000 | $41,000 | $43,000 | $45,000 | $47,000 | $50,000 | $52,000 | $55,000 | $463,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $60,000 | - | - | - | - | - | - | - | - | - | $60,000 |
| remaining balance payment | $36,000 | - | - | - | - | - | - | - | - | - | $36,000 |
| closing cost | $45,000 | - | - | - | - | - | - | - | - | - | $45,000 |
| operating expense | $2,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $6,000 | $6,000 | $6,000 | $49,000 |
| mortgage payment | $7,000 | $22,000 | $22,000 | $22,000 | $22,000 | $22,000 | $22,000 | $22,000 | $22,000 | $22,000 | $204,000 |
| total expense investment | $149,000 | $27,000 | $27,000 | $27,000 | $27,000 | $27,000 | $27,000 | $27,000 | $28,000 | $28,000 | $394,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$96,301 | $11,000 | $13,000 | $14,000 | $16,000 | $18,000 | $20,000 | $22,000 | $25,000 | $27,000 | $69,000 |
| cumulative roi | $35 | $50 | $63 | $73 | $83 | $91 | $99 | $107 | $114 | $121 | $837 |
Radio Arts
Address: Hamilton, Ontario
Price Range: $477,000 - $721,000
Avail. suites: 27
0—3 bd
363—1020 SqFt