Suite number:
Tower Suites 22
Project:
Address:
Oshawa, Ontario
Developer:
Tribute Communities
Property type:
condo
Bathrooms:
1
Bedrooms:
1
Size:
536 sqft
Occupancy Date:
Jan 2025
Price, CAD
$600,000
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
16.33%
Cumulative Return on Investment in Year 5
81.96%
Property Price at the End of Year 5
$773,000
Deposit Schedule
$10,000 at Signing
Total up to 5% in 30 days
$30,000
1% on Occupancy
$6,000
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 | $44,000 | $47,000 | $49,000 | $396,000 |
| rent income | $7,000 | $9,000 | $9,000 | $10,000 | $10,000 | $11,000 | $11,000 | $12,000 | $12,000 | $13,000 | $104,000 |
| mortgage principal reduction | $6,000 | $8,000 | $8,000 | $9,000 | $9,000 | $10,000 | $10,000 | $11,000 | $11,000 | $12,000 | $94,000 |
| deposit interest | $54 | - | - | - | - | - | - | - | - | - | $54 |
| gst hst rebate | $24,000 | - | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $69,000 | $50,000 | $52,000 | $55,000 | $58,000 | $61,000 | $64,000 | $67,000 | $70,000 | $73,000 | $618,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $36,000 | - | - | - | - | - | - | - | - | - | $36,000 |
| remaining balance payment | $84,000 | - | - | - | - | - | - | - | - | - | $84,000 |
| closing cost | $47,000 | - | - | - | - | - | - | - | - | - | $47,000 |
| operating expense | $5,000 | $6,000 | $6,000 | $6,000 | $7,000 | $7,000 | $7,000 | $7,000 | $7,000 | $8,000 | $66,000 |
| mortgage payment | $24,000 | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 | $287,000 |
| total expense investment | $197,000 | $35,000 | $35,000 | $36,000 | $36,000 | $36,000 | $36,000 | $36,000 | $37,000 | $37,000 | $520,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$127,768 | $15,000 | $17,000 | $19,000 | $22,000 | $25,000 | $27,000 | $30,000 | $33,000 | $37,000 | $98,000 |
| cumulative roi | $33 | $48 | $61 | $72 | $82 | $91 | $100 | $108 | $116 | $124 | $835 |
U.C. Tower 3
Address: Oshawa, Ontario
Price Range: $478,000 - $908,000
Avail. suites: 16
0—3 bd
363—960 SqFt