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$598,900

Lake Pointe Condos - 253 Lake Driveway W - 1c - Ajax, ON, L1S 5B5

MLS® # PB1038-1C

1.0 Beds

1 Bath

480 sqft

Property Features:

  • Bedrooms: 1.0
  • Bathrooms: 1.0
  • Floor Space (approx): 480

This listing content provided by Brokers PlaybookTM

Potential Investment Performance

Cumulative ROI

75.4%

Cumulative Market Appreciation

$165,465

Net Operating Income in Year 5

$6,680

Cash on Cash Return in Year 5

-14.7%

Assumptions

The information below is based on user inputs and general assumptions for informational purposes only. The outputs are not legal, financial, investment, or other advice. Review all fields for accuracy and consult an agent for guidance.

Mortgage Calculator

Mortgage
Purchase Price
$
Down Payment
%
$119,780
Mortgage Amount $479,120
Mortgage Payment
%
$2,485

Cash Flow Calculator

monthly
yearly
Income
Gross Rental Income
Powered By
$
Vacancy Rate
%
$
Other
$
Gross Operating Income $936
Operating Expenses
Management Fees
%
$
Property Tax
$
Repair Reserve
%
$
Insurance
$
Condo/Strata Fees
$
Total Operating Expenses $509
Net Operating Income $427
Debt Service
Mortgage Payment $2,485
Net Cash Flow -$2,058

Acquistion Costs

Deposit $119,777
Land Transfer Tax $8,453
Legal Fees $1,500
Adjustments $0
Development Charges $15,000
Down Payment Balance $3
Total Acquisition Costs $144,733

Deposit Schedule

With the Offer $5,000
Deposit @ 30 days $9,972
Deposit @ 0 days $14,972
Deposit @ 0 days $14,972
Deposit @ 0 days $14,972
Deposit @ 0 days $14,972
Deposit @ 0 days $14,972
Due on Occupancy $29,945
Total Deposit $119,777
Closing Date Sep 1, 2027

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Deposits $89,832 - $29,945 - - - - - - -
Closing Costs - - $24,956 - - - - - - -
Mortgage Paydown - - $3,683$7,631$7,998$8,382$8,785$9,208$9,650$10,114
Total $89,832$0$58,584$7,631$7,998$8,382$8,785$9,208$9,650$10,114
Cash Invested $89,832$89,832$148,416$156,048$164,046$172,429$181,215$190,423$200,073$210,188
Rental Cash Flows
Rent and other income - - $5,616$11,473$11,966$12,481$13,018$13,577$14,161$14,770
Operating Expenses - - -$3,054-$6,181-$6,328-$6,480-$6,637-$6,797-$6,962-$7,131
Mortgage Payment - - -$14,915-$29,831-$29,831-$29,831-$29,831-$29,831-$29,831-$29,831
Net Cash Flow - - -$12,353-$24,538-$24,193-$23,830-$23,450-$23,050-$22,631-$22,192
Returns
Property Price Appreciation $29,945$31,442$33,014$34,665$36,398$38,218$40,129$42,135$44,242$46,454
Mortgage Paydown - - $3,683$7,631$7,998$8,382$8,785$9,208$9,650$10,114
Net Cash Flow - - -$12,353-$24,538-$24,193-$23,830-$23,450-$23,050-$22,631-$22,192
Total Return $29,945$31,442$24,344$17,757$20,203$22,770$25,464$28,292$31,261$34,376
Cumulative Return $29,945$61,387$85,731$103,489$123,692$146,462$171,927$200,219$231,481$265,857
Investment Metrics
Cumulative ROI 33.3% 68.3% 57.8% 66.3% 75.4% 84.9% 94.9% 105.1% 115.7% 126.5%
Cash On Cash - - -8.3% -15.7% -14.7% -13.8% -12.9% -12.1% -11.3% -10.6%

Location of 1c-253 Lake Driveway W, Ajax, ON, L1S 5B5

Demographic Information of 1c-253 Lake Driveway W, Ajax, ON, L1S 5B5

Life Stage

Nearly Retired

Employment Type

Service Sector/White Collar

Average Household Income

$151,699.98

Average Number of Children

1.68

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

10.35 %

High school certificate or equivalent

32.14 %

Apprenticeship trade certificate/diploma

4.26 %

College/non-university certificate

23.78 %

University certificate (below bachelor)

0.57 %

University Degree

28.91 %

Commuter

Travel To Work

By Car

89.69 %

By Public Transit

1.51 %

By Walking

0.2 %

By Bicycle

0.0 %

By Other Methods

8.6 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

4.78 %

Houses

95.22 %

Own Vs. Rent