Suite number:
PH 17 - PENTHOUSE LOFT G
Project:
Address:
Markham, Ontario
Developer:
Remington Homes
Property type:
condo
Bathrooms:
3
Bedrooms:
3
Size:
2220 sqft
Occupancy Date:
Jan 2025
Price, CAD
$1,704,990
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
25.52%
Cumulative Return on Investment in Year 5
119.69%
Property Price at the End of Year 5
$2,197,000
Deposit Schedule
$5,000 at Signing
Total up to 2.5% in 0 days
$42,625
7.5% on Occupancy
$127,874
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 | $65,000 | $81,000 | $84,000 | $88,000 | $92,000 | $96,000 | $100,000 | $104,000 | $108,000 | $113,000 | $930,000 |
| mortgage principal reduction | $18,000 | $23,000 | $24,000 | $25,000 | $26,000 | $27,000 | $29,000 | $30,000 | $31,000 | $33,000 | $266,000 |
| deposit interest | $28 | - | - | - | - | - | - | - | - | - | $28 |
| gst hst rebate | $24,000 | - | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $196,000 | $197,000 | $206,000 | $216,000 | $226,000 | $237,000 | $248,000 | $260,000 | $273,000 | $286,000 | $2,345,000 |
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 | $70,000 | - | - | - | - | - | - | - | - | - | $70,000 |
| operating expense | $24,000 | $30,000 | $31,000 | $32,000 | $33,000 | $34,000 | $35,000 | $36,000 | $37,000 | $39,000 | $330,000 |
| mortgage payment | $69,000 | $83,000 | $83,000 | $83,000 | $83,000 | $83,000 | $83,000 | $83,000 | $83,000 | $83,000 | $816,000 |
| total expense investment | $504,000 | $113,000 | $114,000 | $115,000 | $116,000 | $117,000 | $118,000 | $119,000 | $120,000 | $121,000 | $1,557,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$308,289 | $84,000 | $92,000 | $101,000 | $111,000 | $120,000 | $130,000 | $141,000 | $152,000 | $164,000 | $788,000 |
| cumulative roi | $31 | $55 | $77 | $99 | $120 | $141 | $162 | $185 | $209 | $235 | $1,000 |
Gallery Towers
Address: Markham, Ontario
Price Range: $661,000 - $1,705,000
Avail. suites: 29
1—3 bd
518—2220 SqFt