Suite number:
PH 12 - PENTHOUSE LOFT B
Project:
Address:
Markham, Ontario
Developer:
Remington Homes
Property type:
condo
Bathrooms:
2
Bedrooms:
3
Size:
1828 sqft
Occupancy Date:
Jan 2025
Price, CAD
$1,502,990
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
24.58%
Cumulative Return on Investment in Year 5
115.83%
Property Price at the End of Year 5
$1,936,000
Deposit Schedule
$5,000 at Signing
Total up to 2.5% in 0 days
$37,575
7.5% on Occupancy
$112,724
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 | $78,000 | $82,000 | $86,000 | $91,000 | $96,000 | $101,000 | $106,000 | $111,000 | $117,000 | $123,000 | $992,000 |
| rent income | $53,000 | $66,000 | $69,000 | $72,000 | $75,000 | $79,000 | $82,000 | $86,000 | $89,000 | $93,000 | $766,000 |
| mortgage principal reduction | $16,000 | $20,000 | $21,000 | $22,000 | $23,000 | $24,000 | $25,000 | $26,000 | $28,000 | $29,000 | $234,000 |
| deposit interest | $28 | - | - | - | - | - | - | - | - | - | $28 |
| gst hst rebate | $24,000 | - | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $172,000 | $169,000 | $177,000 | $185,000 | $194,000 | $203,000 | $213,000 | $223,000 | $234,000 | $245,000 | $2,016,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $150,000 | - | - | - | - | - | - | - | - | - | $150,000 |
| remaining balance payment | $150,000 | - | - | - | - | - | - | - | - | - | $150,000 |
| closing cost | $66,000 | - | - | - | - | - | - | - | - | - | $66,000 |
| operating expense | $20,000 | $25,000 | $26,000 | $27,000 | $27,000 | $28,000 | $29,000 | $30,000 | $31,000 | $32,000 | $275,000 |
| mortgage payment | $61,000 | $73,000 | $73,000 | $73,000 | $73,000 | $73,000 | $73,000 | $73,000 | $73,000 | $73,000 | $719,000 |
| total expense investment | $447,000 | $98,000 | $99,000 | $100,000 | $100,000 | $101,000 | $102,000 | $103,000 | $104,000 | $105,000 | $1,360,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$275,732 | $71,000 | $78,000 | $86,000 | $94,000 | $102,000 | $111,000 | $120,000 | $130,000 | $140,000 | $655,000 |
| cumulative roi | $32 | $55 | $76 | $96 | $116 | $135 | $155 | $175 | $197 | $219 | $1,000 |
Gallery Towers
Address: Markham, Ontario
Price Range: $661,000 - $1,705,000
Avail. suites: 29
1—3 bd
518—2220 SqFt