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$729,900

Lake Pointe Condos - 253 Lake Driveway W - 2ai_b - Ajax, ON, L1S 5B5

MLS® # PB1038-2AI_B

2.0 Beds

2 Baths

643 sqft

Property Features:

  • Bedrooms: 2.0
  • Bathrooms: 2.0
  • Floor Space (approx): 643

This listing content provided by Brokers PlaybookTM

Potential Investment Performance

Cumulative ROI

81.1%

Cumulative Market Appreciation

$201,657

Net Operating Income in Year 5

$13,253

Cash on Cash Return in Year 5

-12.6%

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
%
$145,980
Mortgage Amount $583,920
Mortgage Payment
%
$3,029

Cash Flow Calculator

monthly
yearly
Income
Gross Rental Income
Powered By
$
Vacancy Rate
%
$
Other
$
Gross Operating Income $1,567
Operating Expenses
Management Fees
%
$
Property Tax
$
Repair Reserve
%
$
Insurance
$
Condo/Strata Fees
$
Total Operating Expenses $693
Net Operating Income $874
Debt Service
Mortgage Payment $3,029
Net Cash Flow -$2,155

Acquistion Costs

Deposit $145,977
Land Transfer Tax $11,073
Legal Fees $1,500
Adjustments $0
Development Charges $15,000
Down Payment Balance $3
Total Acquisition Costs $173,553

Deposit Schedule

With the Offer $5,000
Deposit @ 30 days $13,247
Deposit @ 0 days $18,247
Deposit @ 0 days $18,247
Deposit @ 0 days $18,247
Deposit @ 0 days $18,247
Deposit @ 0 days $18,247
Due on Occupancy $36,495
Total Deposit $145,977
Closing Date Sep 1, 2027

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Deposits $109,482 - $36,495 - - - - - - -
Closing Costs - - $27,576 - - - - - - -
Mortgage Paydown - - $5,247$9,337$9,786$10,256$10,749$11,266$11,807$12,375
Total $109,482$0$69,318$9,337$9,786$10,256$10,749$11,266$11,807$12,375
Cash Invested $109,482$109,482$178,800$188,138$197,924$208,180$218,930$230,196$242,004$254,379
Rental Cash Flows
Rent and other income - - $10,971$19,279$20,108$20,973$21,875$22,815$23,796$24,820
Operating Expenses - - -$4,852-$8,438-$8,648-$8,863-$9,085-$9,313-$9,548-$9,790
Mortgage Payment - - -$21,208-$36,356-$36,356-$36,356-$36,356-$36,356-$36,356-$36,356
Net Cash Flow - - -$15,089-$25,515-$24,896-$24,247-$23,567-$22,854-$22,108-$21,326
Returns
Property Price Appreciation $36,495$38,319$40,235$42,247$44,359$46,577$48,906$51,352$53,919$56,615
Mortgage Paydown - - $5,247$9,337$9,786$10,256$10,749$11,266$11,807$12,375
Net Cash Flow - - -$15,089-$25,515-$24,896-$24,247-$23,567-$22,854-$22,108-$21,326
Total Return $36,495$38,319$30,394$26,069$29,249$32,587$36,088$39,763$43,618$47,664
Cumulative Return $36,495$74,814$105,209$131,278$160,528$193,115$229,204$268,967$312,586$360,250
Investment Metrics
Cumulative ROI 33.3% 68.3% 58.8% 69.8% 81.1% 92.8% 104.7% 116.8% 129.2% 141.6%
Cash On Cash - - -8.4% -13.6% -12.6% -11.6% -10.8% -9.9% -9.1% -8.4%

Location of 2ai_b-253 Lake Driveway W, Ajax, ON, L1S 5B5

Demographic Information of 2ai_b-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