Suite number:
Piccadilly 629
Project:
Address:
Toronto C08, Ontario
Developer:
Menkes Developments Ltd.
Property type:
condo
Bathrooms:
2
Bedrooms:
1.5
Size:
629 sqft
Occupancy Date:
Sep 2028
Price, CAD
$980,990
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
26.97%
Cumulative Return on Investment in Year 5
125.17%
Property Price at the End of Year 5
$1,264,000
Deposit Schedule
$10,000 at Signing
Total up to 5% in 30 days
$49,050
2.5% in 90 days
$24,525
2.5% in 180 days
$24,525
2.5% in 540 days
$24,525
2.5% in 900 days
$24,525
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 | $51,000 | $54,000 | $56,000 | $59,000 | $62,000 | $66,000 | $69,000 | $73,000 | $77,000 | $80,000 | $647,000 |
| rent income | - | - | - | $4,000 | $22,000 | $23,000 | $24,000 | $25,000 | $26,000 | $27,000 | $152,000 |
| mortgage principal reduction | - | - | - | $2,000 | $13,000 | $13,000 | $14,000 | $15,000 | $15,000 | $16,000 | $88,000 |
| deposit interest | $4,000 | $7,000 | $10,000 | $6,000 | - | - | - | - | - | - | $27,000 |
| gst hst rebate | - | - | - | $24,000 | - | - | - | - | - | - | $24,000 |
| total income return | $55,000 | $61,000 | $66,000 | $95,000 | $97,000 | $102,000 | $107,000 | $113,000 | $118,000 | $124,000 | $939,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $98,000 | $25,000 | $25,000 | $49,000 | - | - | - | - | - | - | $196,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | $71,000 | - | - | - | - | - | - | $71,000 |
| operating expense | - | - | - | $2,000 | $10,000 | $11,000 | $11,000 | $11,000 | $12,000 | $12,000 | $70,000 |
| mortgage payment | - | - | - | $8,000 | $48,000 | $48,000 | $48,000 | $48,000 | $48,000 | $48,000 | $294,000 |
| total expense investment | $98,000 | $25,000 | $25,000 | $130,000 | $58,000 | $59,000 | $59,000 | $59,000 | $60,000 | $60,000 | $631,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$42,944 | $36,000 | $42,000 | -$34,847 | $39,000 | $44,000 | $48,000 | $53,000 | $59,000 | $64,000 | $308,000 |
| cumulative roi | $56 | $95 | $124 | $113 | $125 | $136 | $147 | $156 | $166 | $175 | $1,000 |
Elektra Condos
Address: Toronto C08, Ontario
Price Range: $594,000 - $1,271,000
Avail. suites: 17
0—3 bd
375—909 SqFt