Suite number:
PH 17 - PENTHOUSE LOFT G
Project:
Address:
Markham, Ontario
Developer:
Remington Homes
Property type:
condo
Floor plan:
Bathrooms:
3
Bedrooms:
3
Size:
2220 sqft
Occupancy Date:
Jan 2025
Price, CAD
$1,704,990
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
24.66%
Cumulative Return on Investment in Year 5
115.90%
Property Price at the End of Year 5
$2,197,000
Deposit Schedule
$5,000 at Signing
Total up to 10% in 9999 days
$170,499
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 | $88,000 | $93,000 | $98,000 | $103,000 | $109,000 | $114,000 | $120,000 | $126,000 | $133,000 | $140,000 | $1,125,000 |
| rent income | $71,000 | $81,000 | $84,000 | $88,000 | $91,000 | $95,000 | $99,000 | $104,000 | $108,000 | $113,000 | $934,000 |
| mortgage principal reduction | $19,000 | $22,000 | $23,000 | $24,000 | $25,000 | $27,000 | $28,000 | $29,000 | $31,000 | $32,000 | $260,000 |
| deposit interest | - | - | - | - | - | - | - | - | - | - | - |
| gst hst rebate | $24,000 | - | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $203,000 | $196,000 | $205,000 | $215,000 | $225,000 | $236,000 | $247,000 | $259,000 | $272,000 | $285,000 | $2,344,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $170,000 | - | - | - | - | - | - | - | - | - | $170,000 |
| remaining balance payment | $170,000 | - | - | - | - | - | - | - | - | - | $170,000 |
| closing cost | $71,000 | - | - | - | - | - | - | - | - | - | $71,000 |
| operating expense | $27,000 | $30,000 | $30,000 | $31,000 | $32,000 | $33,000 | $33,000 | $34,000 | $35,000 | $36,000 | $321,000 |
| mortgage payment | $78,000 | $85,000 | $85,000 | $85,000 | $85,000 | $85,000 | $85,000 | $85,000 | $85,000 | $85,000 | $847,000 |
| total expense investment | $517,000 | $115,000 | $116,000 | $117,000 | $117,000 | $118,000 | $119,000 | $120,000 | $120,000 | $121,000 | $1,580,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$314,283 | $81,000 | $89,000 | $98,000 | $108,000 | $118,000 | $129,000 | $140,000 | $151,000 | $164,000 | $764,000 |
| cumulative roi | $31 | $54 | $75 | $96 | $116 | $136 | $157 | $179 | $202 | $227 | $1,000 |
Gallery Towers
Address: Markham, Ontario
Price Range: $661,000 - $1,705,000
Avail. suites: 29
1—3 bd
518—2220 SqFt