Suite number:
Piccadilly 629
Project:
Address:
Toronto, Ontario
Developer:
Menkes Developments Ltd.
Property type:
condo
Floor plan:
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
25.53%
Cumulative Return on Investment in Year 5
119.39%
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 | - | - | - | $9,000 | $22,000 | $23,000 | $24,000 | $25,000 | $26,000 | $28,000 | $159,000 |
| mortgage principal reduction | - | - | - | $5,000 | $12,000 | $13,000 | $14,000 | $14,000 | $15,000 | $16,000 | $89,000 |
| deposit interest | $4,000 | $7,000 | $10,000 | $4,000 | - | - | - | - | - | - | $26,000 |
| gst hst rebate | - | - | - | $24,000 | - | - | - | - | - | - | $24,000 |
| total income return | $55,000 | $61,000 | $66,000 | $102,000 | $97,000 | $102,000 | $107,000 | $112,000 | $118,000 | $124,000 | $944,000 |
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 | - | - | - | $73,000 | - | - | - | - | - | - | $73,000 |
| operating expense | - | - | - | $4,000 | $11,000 | $11,000 | $11,000 | $11,000 | $12,000 | $12,000 | $71,000 |
| mortgage payment | - | - | - | $20,000 | $49,000 | $49,000 | $49,000 | $49,000 | $49,000 | $49,000 | $315,000 |
| total expense investment | $98,000 | $25,000 | $25,000 | $147,000 | $60,000 | $60,000 | $60,000 | $60,000 | $61,000 | $61,000 | $655,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$42,966 | $36,000 | $42,000 | -$44,835 | $38,000 | $42,000 | $47,000 | $52,000 | $57,000 | $63,000 | $289,000 |
| cumulative roi | $56 | $95 | $124 | $108 | $119 | $130 | $140 | $149 | $159 | $168 | $1,000 |
Elektra Condos
Address: Toronto, Ontario
Price Range: $594,000 - $1,271,000
Avail. suites: 17
0—3 bd
375—909 SqFt