Suite number:
PH19 - PENTHOUSE LOFT E
Project:
Address:
Markham, Ontario
Developer:
Remington Homes
Property type:
condo
Bathrooms:
3
Bedrooms:
3
Size:
1658 sqft
Occupancy Date:
Jan 2025
Price, CAD
$1,513,990
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
23.44%
Cumulative Return on Investment in Year 5
110.46%
Property Price at the End of Year 5
$1,950,000
Deposit Schedule
$5,000 at Signing
Total up to 2.5% in 0 days
$37,850
7.5% on Occupancy
$113,549
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 | $48,000 | $60,000 | $63,000 | $66,000 | $68,000 | $71,000 | $74,000 | $78,000 | $81,000 | $84,000 | $694,000 |
| mortgage principal reduction | $16,000 | $20,000 | $21,000 | $22,000 | $23,000 | $24,000 | $25,000 | $27,000 | $28,000 | $29,000 | $236,000 |
| deposit interest | $28 | - | - | - | - | - | - | - | - | - | $28 |
| gst hst rebate | $24,000 | - | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $167,000 | $163,000 | $171,000 | $179,000 | $188,000 | $197,000 | $206,000 | $216,000 | $227,000 | $238,000 | $1,954,000 |
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 | $66,000 | - | - | - | - | - | - | - | - | - | $66,000 |
| operating expense | $19,000 | $23,000 | $24,000 | $25,000 | $25,000 | $26,000 | $27,000 | $28,000 | $29,000 | $30,000 | $255,000 |
| mortgage payment | $61,000 | $74,000 | $74,000 | $74,000 | $74,000 | $74,000 | $74,000 | $74,000 | $74,000 | $74,000 | $724,000 |
| total expense investment | $449,000 | $97,000 | $97,000 | $98,000 | $99,000 | $100,000 | $101,000 | $102,000 | $102,000 | $103,000 | $1,348,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$281,380 | $67,000 | $74,000 | $81,000 | $89,000 | $97,000 | $106,000 | $115,000 | $124,000 | $134,000 | $606,000 |
| cumulative roi | $32 | $54 | $74 | $93 | $110 | $128 | $145 | $163 | $181 | $200 | $1,000 |
Gallery Towers
Address: Markham, Ontario
Price Range: $661,000 - $1,705,000
Avail. suites: 29
1—3 bd
518—2220 SqFt