Suite number:
1104 - 3D-A
Project:
Address:
Toronto C03, Ontario
Developer:
Block Developments
Property type:
condo
Bathrooms:
2.5
Bedrooms:
3.5
Size:
1200 sqft
Occupancy Date:
Jan 2025
Price, CAD
$1,669,990
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
18.96%
Cumulative Return on Investment in Year 5
88.96%
Property Price at the End of Year 5
$2,151,000
Deposit Schedule
$5,000 at Signing
Total up to 2.5% in 30 days
$41,750
17.5% on Occupancy
$292,248
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 | $87,000 | $91,000 | $96,000 | $101,000 | $106,000 | $112,000 | $118,000 | $124,000 | $130,000 | $137,000 | $1,102,000 |
| rent income | $35,000 | $44,000 | $46,000 | $47,000 | $50,000 | $52,000 | $54,000 | $56,000 | $59,000 | $61,000 | $503,000 |
| mortgage principal reduction | $18,000 | $22,000 | $23,000 | $24,000 | $26,000 | $27,000 | $28,000 | $29,000 | $31,000 | $32,000 | $261,000 |
| deposit interest | $28 | - | - | - | - | - | - | - | - | - | $28 |
| gst hst rebate | $24,000 | - | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $164,000 | $157,000 | $165,000 | $173,000 | $181,000 | $190,000 | $200,000 | $209,000 | $219,000 | $230,000 | $1,889,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $334,000 | - | - | - | - | - | - | - | - | - | $334,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | $99,000 | - | - | - | - | - | - | - | - | - | $99,000 |
| operating expense | $16,000 | $19,000 | $20,000 | $21,000 | $21,000 | $22,000 | $23,000 | $23,000 | $24,000 | $25,000 | $214,000 |
| mortgage payment | $68,000 | $81,000 | $81,000 | $81,000 | $81,000 | $81,000 | $81,000 | $81,000 | $81,000 | $81,000 | $799,000 |
| total expense investment | $516,000 | $101,000 | $101,000 | $102,000 | $102,000 | $103,000 | $104,000 | $105,000 | $105,000 | $106,000 | $1,445,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$352,523 | $57,000 | $64,000 | $71,000 | $79,000 | $87,000 | $96,000 | $105,000 | $114,000 | $124,000 | $444,000 |
| cumulative roi | $27 | $45 | $61 | $76 | $89 | $101 | $113 | $125 | $136 | $148 | $922 |
Groove Urban Condominiums
Address: Toronto C03, Ontario
Price Range: $782,000 - $1,670,000
Avail. suites: 12
1—3.5 bd
416—1200 SqFt