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
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
24.70%
Cumulative Return on Investment in Year 5
114.71%
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)
Get Expert Advice
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 | - | - | - | $19,000 | $23,000 | $24,000 | $25,000 | $27,000 | $28,000 | $29,000 | $175,000 |
| mortgage principal reduction | - | - | - | $9,000 | $11,000 | $11,000 | $12,000 | $12,000 | $13,000 | $14,000 | $81,000 |
| deposit interest | $3,000 | $5,000 | $4,000 | $575 | - | - | - | - | - | - | $13,000 |
| gst hst rebate | - | - | - | $24,000 | - | - | - | - | - | - | $24,000 |
| total income return | $46,000 | $51,000 | $52,000 | $102,000 | $87,000 | $91,000 | $96,000 | $101,000 | $106,000 | $111,000 | $843,000 |
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 | - | - | - | $8,000 | $10,000 | $10,000 | $11,000 | $11,000 | $11,000 | $11,000 | $74,000 |
| mortgage payment | - | - | - | $35,000 | $42,000 | $42,000 | $42,000 | $42,000 | $42,000 | $42,000 | $285,000 |
| total expense investment | $67,000 | $17,000 | - | $180,000 | $52,000 | $52,000 | $52,000 | $53,000 | $53,000 | $53,000 | $579,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$20,696 | $34,000 | $52,000 | -$77,721 | $35,000 | $39,000 | $43,000 | $48,000 | $53,000 | $58,000 | $264,000 |
| cumulative roi | $69 | $116 | $179 | $101 | $115 | $127 | $139 | $150 | $161 | $172 | $1,000 |
Vupoint Condos 2
Address: Pickering, Ontario
Price Range: $609,000 - $975,000
Avail. suites: 18
1—3 bd
403—2307 SqFt