Friday Harbour - Cost of Ownership
Examples - Your Actuals will Vary
As of August 2021 - Costs subject to change - usually higher over time
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| Suite Features |
Condo |
Condo |
| Purchase Price - Example |
$570,000 |
$720,000 |
| Bed |
1 |
2 |
| Wash |
1 |
1.5 |
| Parking & Locker |
Yes |
Yes |
| Sq Ft - (+/- 100 SF) Average as of Q3/2021 |
530 SF |
735 SF |
| Price $/SF- Average as of Q3/2021 |
$1,075 |
$980 |
| |
|
|
| Mortgage |
|
|
| Downpayment - % |
30% |
30% |
| Downpayment - $,000 |
$171 |
$216 |
| Mortgage Balance - $,000 |
$399 |
$504 |
| Mortgage Rate - 5 Yr Variable, 25 Yr Amort |
3.69% |
3.69% |
| Mortgage Payment per Mth |
$2,032 |
$2,567 |
| |
|
|
| Monthly Recurring Costs per Month (tax incl) |
|
|
| Condo Fees - $0.61 per SF (incl Internet & Sec monitor) |
$325 |
$450 |
| Property Tax - 0.5% of Purchase Price /12 |
$240 |
$300 |
| Insurance |
$30 |
$30 |
| Utilities - Water, Sewage, Hydro, Gas |
$150 |
$175 |
| Repairs and Upgrades - tbd |
|
|
| |
|
|
| Resort Association Fees (paid yearly - shown mthly) |
$80 |
$110 |
| Lake Club Fees |
$170 |
$170 |
| Guest Fees - tbd |
|
|
| Docking fees - Marina Membership - optional |
|
|
| Golf fees - optional |
|
|
| |
|
|
| Total Monthly Cost of Ownership - No Mortgage |
$995 |
$1,235 |
| Total Monthly Cost of Ownership - With Mortgage |
$3,027 |
$3,802 |
| |
|
|
| One-Time Initiation Fee - 2% of Purchase Price + HST |
$11,400 |
$14,440 |
| |
|
|
| One-Time Closing Costs |
|
|
| Land Transfer Tax |
$7,875 |
$10,865 |
| Legal Fees |
$1,200 |
$1,200 |
| Moving |
$1,000 |
$1,000 |
| Periodic repairs and upgrades |
$500 |
$500 |
| Furniture, Dishes, other Supplies |
$1,000 |
$1,000 |
| |
|
|
| Shuttle to/from Barrie Go Train - included with ownership |
Free |
Free |
| |
|
|
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