Suite number:
Flora
Project:
Address:
Toronto C09, Ontario
Developer:
Menkes Developments Ltd.
Property type:
condo
Bathrooms:
2
Bedrooms:
2
Size:
778 sqft
Occupancy Date:
Mar 2025
Price, CAD
$1,312,990
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
17.28%
Cumulative Return on Investment in Year 5
81.81%
Property Price at the End of Year 5
$1,692,000
Deposit Schedule
$10,000 at Signing
Total up to 5% in 30 days
$65,650
10% on Occupancy
$131,299
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 | $68,000 | $72,000 | $76,000 | $79,000 | $84,000 | $88,000 | $93,000 | $97,000 | $102,000 | $108,000 | $867,000 |
| rent income | $17,000 | $23,000 | $25,000 | $26,000 | $27,000 | $28,000 | $29,000 | $30,000 | $32,000 | $33,000 | $269,000 |
| mortgage principal reduction | $13,000 | $18,000 | $18,000 | $19,000 | $20,000 | $21,000 | $22,000 | $23,000 | $24,000 | $25,000 | $203,000 |
| deposit interest | $528 | - | - | - | - | - | - | - | - | - | $528 |
| gst hst rebate | $24,000 | - | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $122,000 | $113,000 | $118,000 | $124,000 | $130,000 | $137,000 | $143,000 | $151,000 | $158,000 | $166,000 | $1,362,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $197,000 | - | - | - | - | - | - | - | - | - | $197,000 |
| remaining balance payment | $66,000 | - | - | - | - | - | - | - | - | - | $66,000 |
| closing cost | $84,000 | - | - | - | - | - | - | - | - | - | $84,000 |
| operating expense | $11,000 | $15,000 | $15,000 | $16,000 | $16,000 | $17,000 | $17,000 | $18,000 | $18,000 | $19,000 | $160,000 |
| mortgage payment | $48,000 | $64,000 | $64,000 | $64,000 | $64,000 | $64,000 | $64,000 | $64,000 | $64,000 | $64,000 | $623,000 |
| total expense investment | $406,000 | $78,000 | $79,000 | $79,000 | $80,000 | $80,000 | $81,000 | $81,000 | $82,000 | $83,000 | $1,129,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$283,345 | $34,000 | $39,000 | $45,000 | $50,000 | $56,000 | $63,000 | $69,000 | $76,000 | $83,000 | $233,000 |
| cumulative roi | $27 | $44 | $59 | $71 | $82 | $92 | $101 | $110 | $119 | $128 | $834 |
Adagio Condos
Address: Toronto C09, Ontario
Price Range: $688,000 - $1,860,000
Avail. suites: 15
0—3 bd
372—993 SqFt