Suite number:
NIKI
Project:
Address:
Toronto C09, Ontario
Developer:
Menkes Developments Ltd.
Property type:
condo
Floor plan:
Bathrooms:
1
Bedrooms:
0
Size:
372 sqft
Occupancy Date:
Mar 2025
Price, CAD
$687,990
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
14.85%
Cumulative Return on Investment in Year 5
73.70%
Property Price at the End of Year 5
$886,000
Deposit Schedule
$10,000 at Signing
Total up to 5% in 30 days
$34,400
10% on Occupancy
$68,799
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 | $36,000 | $38,000 | $40,000 | $42,000 | $44,000 | $46,000 | $48,000 | $51,000 | $54,000 | $56,000 | $454,000 |
| rent income | $6,000 | $7,000 | $7,000 | $7,000 | $8,000 | $8,000 | $8,000 | $9,000 | $9,000 | $10,000 | $79,000 |
| mortgage principal reduction | $8,000 | $9,000 | $9,000 | $10,000 | $10,000 | $11,000 | $11,000 | $12,000 | $12,000 | $13,000 | $105,000 |
| deposit interest | - | - | - | - | - | - | - | - | - | - | - |
| gst hst rebate | $24,000 | - | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $73,000 | $53,000 | $56,000 | $59,000 | $62,000 | $65,000 | $68,000 | $72,000 | $75,000 | $79,000 | $662,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $103,000 | - | - | - | - | - | - | - | - | - | $103,000 |
| remaining balance payment | $34,000 | - | - | - | - | - | - | - | - | - | $34,000 |
| closing cost | $61,000 | - | - | - | - | - | - | - | - | - | $61,000 |
| operating expense | $6,000 | $7,000 | $7,000 | $7,000 | $7,000 | $7,000 | $7,000 | $8,000 | $8,000 | $8,000 | $72,000 |
| mortgage payment | $32,000 | $34,000 | $34,000 | $34,000 | $34,000 | $34,000 | $34,000 | $34,000 | $34,000 | $34,000 | $342,000 |
| total expense investment | $236,000 | $41,000 | $41,000 | $41,000 | $42,000 | $42,000 | $42,000 | $42,000 | $42,000 | $42,000 | $612,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$162,767 | $12,000 | $15,000 | $17,000 | $20,000 | $23,000 | $26,000 | $29,000 | $33,000 | $36,000 | $49,000 |
| cumulative roi | $30 | $44 | $55 | $65 | $74 | $82 | $89 | $96 | $103 | $110 | $747 |
Adagio Condos
Address: Toronto C09, Ontario
Price Range: $688,000 - $1,860,000
Avail. suites: 15
0—3 bd
372—993 SqFt