Suite number:
Pearl³
Project:
Address:
Mississauga, Ontario
Developer:
Solmar Development Corp
Property type:
condo
Floor plan:
Bathrooms:
2
Bedrooms:
2
Size:
668 sqft
Occupancy Date:
Jan 2027
Price, CAD
$885,900
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
20.40%
Cumulative Return on Investment in Year 5
96.17%
Property Price at the End of Year 5
$1,141,000
Deposit Schedule
$5,000 at Signing
Total up to 5% in 30 days
$44,295
5% on Occupancy
$44,295
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 | $46,000 | $48,000 | $51,000 | $54,000 | $56,000 | $59,000 | $62,000 | $66,000 | $69,000 | $73,000 | $585,000 |
| rent income | - | $8,000 | $20,000 | $21,000 | $22,000 | $23,000 | $24,000 | $25,000 | $26,000 | $27,000 | $193,000 |
| mortgage principal reduction | - | $4,000 | $11,000 | $12,000 | $12,000 | $13,000 | $13,000 | $14,000 | $15,000 | $16,000 | $110,000 |
| deposit interest | $2,000 | $3,000 | - | - | - | - | - | - | - | - | $5,000 |
| gst hst rebate | - | $24,000 | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $48,000 | $88,000 | $82,000 | $86,000 | $90,000 | $95,000 | $99,000 | $104,000 | $110,000 | $115,000 | $917,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $44,000 | $44,000 | - | - | - | - | - | - | - | - | $89,000 |
| remaining balance payment | - | $89,000 | - | - | - | - | - | - | - | - | $89,000 |
| closing cost | - | $55,000 | - | - | - | - | - | - | - | - | $55,000 |
| operating expense | - | $4,000 | $9,000 | $9,000 | $9,000 | $10,000 | $10,000 | $10,000 | $10,000 | $11,000 | $81,000 |
| mortgage payment | - | $18,000 | $44,000 | $44,000 | $44,000 | $44,000 | $44,000 | $44,000 | $44,000 | $44,000 | $373,000 |
| total expense investment | $44,000 | $210,000 | $53,000 | $54,000 | $54,000 | $54,000 | $54,000 | $54,000 | $55,000 | $55,000 | $687,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | $4,000 | -$122,033 | $29,000 | $33,000 | $37,000 | $41,000 | $45,000 | $50,000 | $55,000 | $60,000 | $231,000 |
| cumulative roi | $109 | $54 | $70 | $84 | $96 | $108 | $118 | $129 | $139 | $149 | $1,000 |
ORO at Edge Towers
Address: Mississauga, Ontario
Price Range: $766,000 - $1,148,000
Avail. suites: 9
1—2 bd
500—883 SqFt