Suite number:
302 (Podium)
Project:
Address:
Pickering, Ontario
Developer:
Tribute Communities
Property type:
condo
Bathrooms:
2
Bedrooms:
2
Size:
772 sqft
Occupancy Date:
Apr 2028
Price, CAD
$833,000
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
25.27%
Cumulative Return on Investment in Year 5
113.62%
Property Price at the End of Year 5
$1,073,000
Deposit Schedule
$5,000 at Signing
Total up to 1% in 30 days
$8,330
1% in 60 days
$8,330
1% in 90 days
$8,330
1% in 120 days
$8,330
1% in 150 days
$8,330
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 | $43,000 | $46,000 | $48,000 | $50,000 | $53,000 | $56,000 | $59,000 | $62,000 | $65,000 | $68,000 | $550,000 |
| rent income | - | - | - | $13,000 | $23,000 | $24,000 | $25,000 | $26,000 | $27,000 | $29,000 | $168,000 |
| mortgage principal reduction | - | - | - | $6,000 | $11,000 | $12,000 | $12,000 | $13,000 | $13,000 | $14,000 | $81,000 |
| deposit interest | $2,000 | $2,000 | $2,000 | $775 | - | - | - | - | - | - | $7,000 |
| gst hst rebate | - | - | - | $24,000 | - | - | - | - | - | - | $24,000 |
| total income return | $45,000 | $48,000 | $50,000 | $95,000 | $87,000 | $91,000 | $96,000 | $101,000 | $106,000 | $111,000 | $829,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $42,000 | - | - | $8,000 | - | - | - | - | - | - | $50,000 |
| remaining balance payment | - | - | - | $117,000 | - | - | - | - | - | - | $117,000 |
| closing cost | - | - | - | $52,000 | - | - | - | - | - | - | $52,000 |
| operating expense | - | - | - | $6,000 | $10,000 | $11,000 | $11,000 | $11,000 | $12,000 | $12,000 | $72,000 |
| mortgage payment | - | - | - | $24,000 | $41,000 | $41,000 | $41,000 | $41,000 | $41,000 | $41,000 | $267,000 |
| total expense investment | $42,000 | - | - | $207,000 | $51,000 | $51,000 | $51,000 | $52,000 | $52,000 | $52,000 | $558,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | $3,000 | $48,000 | $50,000 | -$111,999 | $36,000 | $40,000 | $45,000 | $49,000 | $53,000 | $58,000 | $271,000 |
| cumulative roi | $108 | $222 | $342 | $99 | $114 | $127 | $139 | $151 | $162 | $174 | $2,000 |
Vupoint Condos 2
Address: Pickering, Ontario
Price Range: $609,000 - $975,000
Avail. suites: 18
1—3 bd
403—2307 SqFt