Suite number:
Piazza 593
Project:
Address:
Toronto C08, Ontario
Developer:
Menkes Developments Ltd.
Property type:
condo
Bathrooms:
1
Bedrooms:
1.5
Size:
593 sqft
Occupancy Date:
Sep 2028
Price, CAD
$903,990
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
26.75%
Cumulative Return on Investment in Year 5
124.85%
Property Price at the End of Year 5
$1,165,000
Deposit Schedule
$10,000 at Signing
Total up to 5% in 30 days
$45,200
2.5% in 90 days
$22,600
2.5% in 180 days
$22,600
2.5% in 540 days
$22,600
2.5% in 900 days
$22,600
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 | $47,000 | $49,000 | $52,000 | $55,000 | $58,000 | $61,000 | $64,000 | $67,000 | $71,000 | $74,000 | $597,000 |
| rent income | - | - | - | $3,000 | $21,000 | $22,000 | $23,000 | $24,000 | $25,000 | $26,000 | $144,000 |
| mortgage principal reduction | - | - | - | $2,000 | $12,000 | $12,000 | $13,000 | $13,000 | $14,000 | $15,000 | $81,000 |
| deposit interest | $4,000 | $7,000 | $9,000 | $5,000 | - | - | - | - | - | - | $25,000 |
| gst hst rebate | - | - | - | $24,000 | - | - | - | - | - | - | $24,000 |
| total income return | $51,000 | $56,000 | $61,000 | $90,000 | $90,000 | $95,000 | $99,000 | $104,000 | $109,000 | $115,000 | $871,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $90,000 | $23,000 | $23,000 | $45,000 | - | - | - | - | - | - | $181,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | $68,000 | - | - | - | - | - | - | $68,000 |
| operating expense | - | - | - | $2,000 | $10,000 | $10,000 | $10,000 | $11,000 | $11,000 | $11,000 | $65,000 |
| mortgage payment | - | - | - | $7,000 | $44,000 | $44,000 | $44,000 | $44,000 | $44,000 | $44,000 | $271,000 |
| total expense investment | $90,000 | $23,000 | $23,000 | $122,000 | $54,000 | $54,000 | $54,000 | $55,000 | $55,000 | $55,000 | $585,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$39,570 | $34,000 | $39,000 | -$32,684 | $37,000 | $41,000 | $45,000 | $50,000 | $54,000 | $59,000 | $285,000 |
| cumulative roi | $56 | $95 | $124 | $112 | $125 | $136 | $146 | $156 | $166 | $176 | $1,000 |
Elektra Condos
Address: Toronto C08, Ontario
Price Range: $594,000 - $1,271,000
Avail. suites: 17
0—3 bd
375—909 SqFt