Suite number:
Piazza 593
Project:
Address:
Toronto, Ontario
Developer:
Menkes Developments Ltd.
Property type:
condo
Floor plan:
Bathrooms:
1
Bedrooms:
1.5
Size:
593 sqft
Occupancy Date:
Sep 2028
Price, CAD
$903,990
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
24.18%
Cumulative Return on Investment in Year 5
113.95%
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)
Get Expert Advice
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 | - | - | - | $16,000 | $21,000 | $22,000 | $23,000 | $24,000 | $25,000 | $26,000 | $158,000 |
| mortgage principal reduction | - | - | - | $8,000 | $12,000 | $12,000 | $13,000 | $13,000 | $14,000 | $15,000 | $87,000 |
| deposit interest | $4,000 | $7,000 | $9,000 | $1,000 | - | - | - | - | - | - | $21,000 |
| gst hst rebate | - | - | - | $24,000 | - | - | - | - | - | - | $24,000 |
| total income return | $51,000 | $56,000 | $61,000 | $104,000 | $91,000 | $95,000 | $100,000 | $105,000 | $110,000 | $115,000 | $887,000 |
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 | - | - | - | $70,000 | - | - | - | - | - | - | $70,000 |
| operating expense | - | - | - | $7,000 | $10,000 | $10,000 | $10,000 | $11,000 | $11,000 | $11,000 | $70,000 |
| mortgage payment | - | - | - | $34,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $306,000 |
| total expense investment | $90,000 | $23,000 | $23,000 | $156,000 | $55,000 | $55,000 | $56,000 | $56,000 | $56,000 | $56,000 | $626,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$39,563 | $34,000 | $39,000 | -$52,101 | $35,000 | $40,000 | $44,000 | $49,000 | $54,000 | $59,000 | $260,000 |
| cumulative roi | $56 | $95 | $124 | $102 | $114 | $125 | $135 | $145 | $155 | $164 | $1,000 |
Elektra Condos
Address: Toronto, Ontario
Price Range: $594,000 - $1,271,000
Avail. suites: 17
0—3 bd
375—909 SqFt