Suite number:
1013 - Clifton
Project:
Address:
Toronto C08, Ontario
Developer:
Empire Communities
Property type:
condo
Floor plan:
Bathrooms:
2
Bedrooms:
2.5
Size:
756 sqft
Occupancy Date:
Mar 2025
Price, CAD
$1,249,990
Available
ROI
12,26%
Monthly Expenses
- condo fees— $469
- property taxes— $312
- property management— $136
- repairs and maintenance— $68
Total: $985
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
17.85%
Cumulative Return on Investment in Year 5
84.61%
Property Price at the End of Year 5
$1,610,000
Deposit Schedule
$1 at Signing
Total up to 1% in 30 days
$12,500
8% on Occupancy
$99,999
Net Gain (Loss)
- Net Gain Loss
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Property Price Appreciation
- 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 | $65,000 | $68,000 | $72,000 | $76,000 | $80,000 | $84,000 | $88,000 | $93,000 | $97,000 | $103,000 | $825,000 |
| rent income | $20,000 | $27,000 | $28,000 | $30,000 | $31,000 | $32,000 | $34,000 | $35,000 | $37,000 | $38,000 | $312,000 |
| mortgage principal reduction | $12,000 | $16,000 | $17,000 | $18,000 | $18,000 | $19,000 | $20,000 | $21,000 | $22,000 | $23,000 | $187,000 |
| deposit interest | $118 | - | - | - | - | - | - | - | - | - | $118 |
| gst hst rebate | $24,000 | - | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $120,000 | $112,000 | $117,000 | $123,000 | $129,000 | $135,000 | $142,000 | $149,000 | $156,000 | $164,000 | $1,348,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $112,000 | - | - | - | - | - | - | - | - | - | $112,000 |
| remaining balance payment | $137,000 | - | - | - | - | - | - | - | - | - | $137,000 |
| closing cost | $83,000 | - | - | - | - | - | - | - | - | - | $83,000 |
| operating expense | $9,000 | $12,000 | $12,000 | $13,000 | $13,000 | $13,000 | $14,000 | $14,000 | $14,000 | $14,000 | $128,000 |
| mortgage payment | $47,000 | $63,000 | $63,000 | $63,000 | $63,000 | $63,000 | $63,000 | $63,000 | $63,000 | $63,000 | $610,000 |
| total expense investment | $389,000 | $75,000 | $75,000 | $75,000 | $75,000 | $76,000 | $76,000 | $76,000 | $77,000 | $77,000 | $1,072,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$269,027 | $37,000 | $42,000 | $48,000 | $53,000 | $60,000 | $66,000 | $73,000 | $80,000 | $87,000 | $276,000 |
| cumulative roi | $27 | $45 | $60 | $73 | $85 | $96 | $106 | $117 | $127 | $137 | $872 |
Empire Quay House
Address: Toronto C08, Ontario
Price Range: $750,000 - $1,750,000
Avail. suites: 30
0—3.5 bd
339—1127 SqFt
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80% of Original Price
Options for changing mortgage terms
The rental rate per square foot.