Suite number:
222
Project:
Address:
Grimsby, Ontario
Developer:
DeSantis Homes
Property type:
condo
Bathrooms:
1
Bedrooms:
1.5
Size:
810 sqft
Occupancy Date:
Mar 2026
Price, CAD
$808,990
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
22.33%
Cumulative Return on Investment in Year 5
105.10%
Property Price at the End of Year 5
$1,042,000
Deposit Schedule
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 | $42,000 | $44,000 | $47,000 | $49,000 | $52,000 | $54,000 | $57,000 | $60,000 | $63,000 | $66,000 | $534,000 |
| rent income | - | $19,000 | $29,000 | $31,000 | $32,000 | $33,000 | $35,000 | $36,000 | $38,000 | $39,000 | $291,000 |
| mortgage principal reduction | - | $7,000 | $11,000 | $11,000 | $12,000 | $12,000 | $13,000 | $13,000 | $14,000 | $15,000 | $108,000 |
| deposit interest | - | - | - | - | - | - | - | - | - | - | - |
| gst hst rebate | - | $24,000 | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $42,000 | $94,000 | $87,000 | $91,000 | $95,000 | $100,000 | $104,000 | $110,000 | $115,000 | $120,000 | $957,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | - | - | - | - | - | - | - | - | - | - | - |
| remaining balance payment | - | $162,000 | - | - | - | - | - | - | - | - | $162,000 |
| closing cost | - | $52,000 | - | - | - | - | - | - | - | - | $52,000 |
| operating expense | - | $7,000 | $10,000 | $10,000 | $11,000 | $11,000 | $11,000 | $12,000 | $12,000 | $13,000 | $97,000 |
| mortgage payment | - | $26,000 | $39,000 | $39,000 | $39,000 | $39,000 | $39,000 | $39,000 | $39,000 | $39,000 | $341,000 |
| total expense investment | - | $246,000 | $49,000 | $50,000 | $50,000 | $50,000 | $51,000 | $51,000 | $52,000 | $52,000 | $652,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | $42,000 | -$152,183 | $37,000 | $41,000 | $45,000 | $49,000 | $54,000 | $58,000 | $63,000 | $68,000 | $305,000 |
| cumulative roi | - | $52 | $71 | $88 | $105 | $121 | $137 | $153 | $169 | $186 | $1,000 |
Century Condos
Address: Grimsby, Ontario
Price Range: $574,000 - $1,250,000
Avail. suites: 17
1—3 bd
490—1310 SqFt