Suite number:
PH 14 - PENTHOUSE LOFT I
Project:
Address:
Markham, Ontario
Developer:
Remington Homes
Property type:
condo
Floor plan:
Bathrooms:
25
Bedrooms:
3
Size:
1268 sqft
Occupancy Date:
Jan 2025
Price, CAD
$1,167,990
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
22.42%
Cumulative Return on Investment in Year 5
107.20%
Property Price at the End of Year 5
$1,505,000
Deposit Schedule
$5,000 at Signing
Total up to 10% in 9999 days
$116,799
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 | $61,000 | $64,000 | $67,000 | $71,000 | $74,000 | $78,000 | $82,000 | $87,000 | $91,000 | $96,000 | $771,000 |
| rent income | $41,000 | $46,000 | $48,000 | $50,000 | $52,000 | $54,000 | $57,000 | $59,000 | $62,000 | $64,000 | $534,000 |
| mortgage principal reduction | $13,000 | $15,000 | $16,000 | $17,000 | $17,000 | $18,000 | $19,000 | $20,000 | $21,000 | $22,000 | $178,000 |
| deposit interest | - | - | - | - | - | - | - | - | - | - | - |
| gst hst rebate | $24,000 | - | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $138,000 | $125,000 | $131,000 | $137,000 | $144,000 | $151,000 | $158,000 | $166,000 | $174,000 | $182,000 | $1,507,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $117,000 | - | - | - | - | - | - | - | - | - | $117,000 |
| remaining balance payment | $117,000 | - | - | - | - | - | - | - | - | - | $117,000 |
| closing cost | $60,000 | - | - | - | - | - | - | - | - | - | $60,000 |
| operating expense | $16,000 | $18,000 | $18,000 | $18,000 | $19,000 | $19,000 | $20,000 | $20,000 | $21,000 | $21,000 | $190,000 |
| mortgage payment | $54,000 | $58,000 | $58,000 | $58,000 | $58,000 | $58,000 | $58,000 | $58,000 | $58,000 | $58,000 | $580,000 |
| total expense investment | $363,000 | $76,000 | $76,000 | $77,000 | $77,000 | $78,000 | $78,000 | $79,000 | $79,000 | $80,000 | $1,064,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$224,973 | $49,000 | $55,000 | $60,000 | $67,000 | $73,000 | $80,000 | $87,000 | $95,000 | $103,000 | $443,000 |
| cumulative roi | $33 | $54 | $73 | $90 | $107 | $124 | $140 | $157 | $174 | $192 | $1,000 |
Gallery Towers
Address: Markham, Ontario
Price Range: $661,000 - $1,705,000
Avail. suites: 29
1—3 bd
518—2220 SqFt