Suite number:
PH 14 - PENTHOUSE LOFT I
Project:
Address:
Markham, Ontario
Developer:
Remington Homes
Property type:
condo
Bathrooms:
25
Bedrooms:
3
Size:
1268 sqft
Occupancy Date:
Jan 2025
Price, CAD
$1,167,990
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
23.20%
Cumulative Return on Investment in Year 5
110.71%
Property Price at the End of Year 5
$1,505,000
Deposit Schedule
$5,000 at Signing
Total up to 2.5% in 0 days
$29,200
7.5% on Occupancy
$87,599
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 | $37,000 | $46,000 | $48,000 | $50,000 | $52,000 | $55,000 | $57,000 | $59,000 | $62,000 | $65,000 | $531,000 |
| mortgage principal reduction | $13,000 | $16,000 | $16,000 | $17,000 | $18,000 | $19,000 | $20,000 | $20,000 | $21,000 | $22,000 | $182,000 |
| deposit interest | $28 | - | - | - | - | - | - | - | - | - | $28 |
| gst hst rebate | $24,000 | - | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $134,000 | $126,000 | $132,000 | $138,000 | $145,000 | $152,000 | $159,000 | $166,000 | $174,000 | $183,000 | $1,508,000 |
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 | $59,000 | - | - | - | - | - | - | - | - | - | $59,000 |
| operating expense | $14,000 | $18,000 | $18,000 | $19,000 | $19,000 | $20,000 | $21,000 | $21,000 | $22,000 | $23,000 | $195,000 |
| mortgage payment | $47,000 | $57,000 | $57,000 | $57,000 | $57,000 | $57,000 | $57,000 | $57,000 | $57,000 | $57,000 | $559,000 |
| total expense investment | $354,000 | $74,000 | $75,000 | $76,000 | $76,000 | $77,000 | $77,000 | $78,000 | $79,000 | $80,000 | $1,046,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$219,915 | $51,000 | $57,000 | $62,000 | $68,000 | $75,000 | $81,000 | $88,000 | $96,000 | $103,000 | $462,000 |
| cumulative roi | $33 | $55 | $75 | $93 | $111 | $128 | $145 | $162 | $180 | $199 | $1,000 |
Gallery Towers
Address: Markham, Ontario
Price Range: $661,000 - $1,705,000
Avail. suites: 29
1—3 bd
518—2220 SqFt