Suite number:
PH19 - PENTHOUSE LOFT E
Project:
Address:
Markham, Ontario
Developer:
Remington Homes
Property type:
condo
Floor plan:
Bathrooms:
3
Bedrooms:
3
Size:
1658 sqft
Occupancy Date:
Jan 2025
Price, CAD
$1,513,990
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
22.66%
Cumulative Return on Investment in Year 5
107.02%
Property Price at the End of Year 5
$1,950,000
Deposit Schedule
$5,000 at Signing
Total up to 10% in 9999 days
$151,399
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 | $79,000 | $83,000 | $87,000 | $92,000 | $96,000 | $101,000 | $107,000 | $112,000 | $118,000 | $124,000 | $999,000 |
| rent income | $53,000 | $60,000 | $63,000 | $65,000 | $68,000 | $71,000 | $74,000 | $77,000 | $81,000 | $84,000 | $698,000 |
| mortgage principal reduction | $17,000 | $20,000 | $20,000 | $21,000 | $23,000 | $24,000 | $25,000 | $26,000 | $27,000 | $29,000 | $231,000 |
| deposit interest | - | - | - | - | - | - | - | - | - | - | - |
| gst hst rebate | $24,000 | - | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $173,000 | $163,000 | $170,000 | $179,000 | $187,000 | $196,000 | $206,000 | $216,000 | $226,000 | $237,000 | $1,952,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $151,000 | - | - | - | - | - | - | - | - | - | $151,000 |
| remaining balance payment | $151,000 | - | - | - | - | - | - | - | - | - | $151,000 |
| closing cost | $67,000 | - | - | - | - | - | - | - | - | - | $67,000 |
| operating expense | $21,000 | $23,000 | $23,000 | $24,000 | $25,000 | $25,000 | $26,000 | $26,000 | $27,000 | $28,000 | $248,000 |
| mortgage payment | $69,000 | $76,000 | $76,000 | $76,000 | $76,000 | $76,000 | $76,000 | $76,000 | $76,000 | $76,000 | $752,000 |
| total expense investment | $460,000 | $99,000 | $99,000 | $100,000 | $100,000 | $101,000 | $102,000 | $102,000 | $103,000 | $104,000 | $1,370,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$287,456 | $64,000 | $71,000 | $79,000 | $87,000 | $95,000 | $104,000 | $113,000 | $123,000 | $133,000 | $582,000 |
| cumulative roi | $31 | $53 | $72 | $90 | $107 | $124 | $141 | $158 | $175 | $194 | $1,000 |
Gallery Towers
Address: Markham, Ontario
Price Range: $661,000 - $1,705,000
Avail. suites: 29
1—3 bd
518—2220 SqFt