Suite number:
302 (Podium)
Project:
Address:
Pickering, Ontario
Developer:
Tribute Communities
Property type:
condo
Floor plan:
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
23.78%
Cumulative Return on Investment in Year 5
110.96%
Property Price at the End of Year 5
$1,073,000
Deposit Schedule
$5,000 at Signing
Total up to 2% in 30 days
$16,660
2% in 90 days
$16,660
2% in 180 days
$16,660
2% in 270 days
$16,660
2% in 365 days
$16,660
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 | - | - | $4,000 | $23,000 | $24,000 | $25,000 | $26,000 | $27,000 | $28,000 | $29,000 | $185,000 |
| mortgage principal reduction | - | - | $2,000 | $10,000 | $11,000 | $11,000 | $12,000 | $13,000 | $13,000 | $14,000 | $86,000 |
| deposit interest | $3,000 | $5,000 | $3,000 | - | - | - | - | - | - | - | $11,000 |
| gst hst rebate | - | - | $24,000 | - | - | - | - | - | - | - | $24,000 |
| total income return | $46,000 | $51,000 | $81,000 | $84,000 | $88,000 | $92,000 | $96,000 | $101,000 | $106,000 | $111,000 | $856,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $67,000 | $17,000 | $8,000 | - | - | - | - | - | - | - | $92,000 |
| remaining balance payment | - | - | $75,000 | - | - | - | - | - | - | - | $75,000 |
| closing cost | - | - | $54,000 | - | - | - | - | - | - | - | $54,000 |
| operating expense | - | - | $2,000 | $10,000 | $10,000 | $11,000 | $11,000 | $11,000 | $11,000 | $12,000 | $77,000 |
| mortgage payment | - | - | $7,000 | $42,000 | $42,000 | $42,000 | $42,000 | $42,000 | $42,000 | $42,000 | $299,000 |
| total expense investment | $67,000 | $17,000 | $146,000 | $52,000 | $52,000 | $52,000 | $53,000 | $53,000 | $53,000 | $53,000 | $597,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$20,681 | $34,000 | -$64,713 | $32,000 | $36,000 | $40,000 | $44,000 | $48,000 | $53,000 | $58,000 | $259,000 |
| cumulative roi | $69 | $116 | $82 | $97 | $111 | $123 | $135 | $146 | $157 | $169 | $1,000 |
Vupoint Condos 2
Address: Pickering, Ontario
Price Range: $609,000 - $975,000
Avail. suites: 18
1—3 bd
403—2307 SqFt