Suite number:
The Evans (Penthouse and Lower Penthouse Suites)
Project:
Address:
Toronto, Ontario
Developer:
The Sher Corporation
Property type:
condo
Floor plan:
Bathrooms:
2
Bedrooms:
3
Size:
1427 sqft
Occupancy Date:
Mar 2025
Price, CAD
$2,319,990
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
23.73%
Cumulative Return on Investment in Year 5
110.86%
Property Price at the End of Year 5
$2,989,000
Deposit Schedule
$5,000 at Signing
Total up to 5% in -287 days
$116,000
5% in -196 days
$116,000
5% on Occupancy
$116,000
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 | $121,000 | $127,000 | $134,000 | $140,000 | $148,000 | $155,000 | $164,000 | $172,000 | $181,000 | $190,000 | $1,532,000 |
| rent income | $42,000 | $52,000 | $54,000 | $56,000 | $59,000 | $61,000 | $64,000 | $66,000 | $69,000 | $72,000 | $595,000 |
| mortgage principal reduction | $24,000 | $30,000 | $31,000 | $33,000 | $34,000 | $36,000 | $38,000 | $40,000 | $42,000 | $44,000 | $350,000 |
| deposit interest | $6,000 | - | - | - | - | - | - | - | - | - | $6,000 |
| gst hst rebate | $24,000 | - | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $215,000 | $208,000 | $219,000 | $229,000 | $241,000 | $253,000 | $265,000 | $278,000 | $292,000 | $306,000 | $2,506,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $116,000 | - | - | - | - | - | - | - | - | - | $116,000 |
| remaining balance payment | $116,000 | - | - | - | - | - | - | - | - | - | $116,000 |
| closing cost | $129,000 | - | - | - | - | - | - | - | - | - | $129,000 |
| operating expense | $20,000 | $24,000 | $25,000 | $25,000 | $26,000 | $26,000 | $27,000 | $28,000 | $28,000 | $29,000 | $257,000 |
| mortgage payment | $97,000 | $116,000 | $116,000 | $116,000 | $116,000 | $116,000 | $116,000 | $116,000 | $116,000 | $116,000 | $1,142,000 |
| total expense investment | $478,000 | $140,000 | $141,000 | $141,000 | $142,000 | $143,000 | $143,000 | $144,000 | $144,000 | $145,000 | $1,761,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$262,452 | $68,000 | $78,000 | $88,000 | $99,000 | $110,000 | $122,000 | $134,000 | $147,000 | $161,000 | $745,000 |
| cumulative roi | $41 | $65 | $83 | $98 | $111 | $123 | $134 | $145 | $155 | $166 | $1,000 |
UOVO Boutique Residences
Address: Toronto, Ontario
Price Range: $1,000,000 - $4,000,000
Avail. suites: 19
1.5—3.5 bd
733—1996 SqFt