Suite number:
1012 - 1B+D-12
Project:
Address:
Hamilton, Ontario
Developer:
Slate Asset Management
Property type:
condo
Floor plan:
Bathrooms:
1.5
Bedrooms:
1.5
Size:
639 sqft
Occupancy Date:
Mar 2028
Price, CAD
$664,900
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
22.61%
Cumulative Return on Investment in Year 5
108.56%
Property Price at the End of Year 5
$857,000
Deposit Schedule
$5,000 at Signing
Total up to 2.5% in 30 days
$16,623
2.5% in 60 days
$16,623
2.5% in 120 days
$16,623
2.5% in 180 days
$16,623
10% on Occupancy
$66,490
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 | $34,000 | $36,000 | $38,000 | $40,000 | $42,000 | $45,000 | $47,000 | $49,000 | $52,000 | $55,000 | $439,000 |
| rent income | - | - | $15,000 | $23,000 | $24,000 | $25,000 | $26,000 | $27,000 | $28,000 | $30,000 | $198,000 |
| mortgage principal reduction | - | - | $5,000 | $8,000 | $9,000 | $9,000 | $10,000 | $10,000 | $11,000 | $11,000 | $74,000 |
| deposit interest | $3,000 | $3,000 | $1,000 | - | - | - | - | - | - | - | $7,000 |
| gst hst rebate | - | - | $24,000 | - | - | - | - | - | - | - | $24,000 |
| total income return | $37,000 | $40,000 | $84,000 | $72,000 | $75,000 | $79,000 | $83,000 | $87,000 | $91,000 | $95,000 | $742,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $66,000 | - | $66,000 | - | - | - | - | - | - | - | $133,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | $50,000 | - | - | - | - | - | - | - | $50,000 |
| operating expense | - | - | $6,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $11,000 | $11,000 | $78,000 |
| mortgage payment | - | - | $22,000 | $33,000 | $33,000 | $33,000 | $33,000 | $33,000 | $33,000 | $33,000 | $255,000 |
| total expense investment | $66,000 | - | $145,000 | $43,000 | $43,000 | $43,000 | $43,000 | $44,000 | $44,000 | $44,000 | $516,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$29,097 | $40,000 | -$61,524 | $29,000 | $32,000 | $36,000 | $39,000 | $43,000 | $47,000 | $51,000 | $226,000 |
| cumulative roi | $56 | $116 | $78 | $94 | $109 | $122 | $136 | $149 | $163 | $176 | $1,000 |
Corktown Condos
Address: Hamilton, Ontario
Price Range: $335,000 - $801,000
Avail. suites: 23
0—2.5 bd
302—864 SqFt