Suite number:
PH 11 - PENTHOUSE LOFT C
Project:
Address:
Markham, Ontario
Developer:
Remington Homes
Property type:
condo
Floor plan:
Bathrooms:
2.5
Bedrooms:
2
Size:
1338 sqft
Occupancy Date:
Jan 2025
Price, CAD
$1,229,990
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
20.70%
Cumulative Return on Investment in Year 5
98.72%
Property Price at the End of Year 5
$1,585,000
Deposit Schedule
$5,000 at Signing
Total up to 10% in 9999 days
$122,999
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 | $64,000 | $67,000 | $71,000 | $74,000 | $78,000 | $82,000 | $87,000 | $91,000 | $96,000 | $101,000 | $812,000 |
| rent income | $36,000 | $41,000 | $42,000 | $44,000 | $46,000 | $48,000 | $50,000 | $52,000 | $55,000 | $57,000 | $472,000 |
| mortgage principal reduction | $14,000 | $16,000 | $17,000 | $17,000 | $18,000 | $19,000 | $20,000 | $21,000 | $22,000 | $23,000 | $188,000 |
| deposit interest | - | - | - | - | - | - | - | - | - | - | - |
| gst hst rebate | $24,000 | - | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $138,000 | $124,000 | $130,000 | $136,000 | $143,000 | $150,000 | $157,000 | $165,000 | $173,000 | $181,000 | $1,495,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $123,000 | - | - | - | - | - | - | - | - | - | $123,000 |
| remaining balance payment | $123,000 | - | - | - | - | - | - | - | - | - | $123,000 |
| closing cost | $62,000 | - | - | - | - | - | - | - | - | - | $62,000 |
| operating expense | $16,000 | $18,000 | $18,000 | $19,000 | $19,000 | $20,000 | $20,000 | $20,000 | $21,000 | $21,000 | $192,000 |
| mortgage payment | $56,000 | $62,000 | $62,000 | $62,000 | $62,000 | $62,000 | $62,000 | $62,000 | $62,000 | $62,000 | $611,000 |
| total expense investment | $380,000 | $79,000 | $80,000 | $80,000 | $81,000 | $81,000 | $82,000 | $82,000 | $83,000 | $83,000 | $1,110,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$242,459 | $44,000 | $50,000 | $56,000 | $62,000 | $69,000 | $75,000 | $83,000 | $90,000 | $98,000 | $385,000 |
| cumulative roi | $32 | $52 | $69 | $84 | $99 | $113 | $126 | $139 | $153 | $167 | $1,000 |
Gallery Towers
Address: Markham, Ontario
Price Range: $661,000 - $1,705,000
Avail. suites: 29
1—3 bd
518—2220 SqFt