Suite number:
Pearl³
Project:
Address:
Mississauga, Ontario
Developer:
Solmar Development Corp
Property type:
condo
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
22.15%
Cumulative Return on Investment in Year 5
103.10%
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 | - | - | $16,000 | $20,000 | $21,000 | $22,000 | $23,000 | $24,000 | $25,000 | $26,000 | $178,000 |
| mortgage principal reduction | - | - | $9,000 | $12,000 | $12,000 | $13,000 | $14,000 | $14,000 | $15,000 | $16,000 | $105,000 |
| deposit interest | $2,000 | $5,000 | $510 | - | - | - | - | - | - | - | $7,000 |
| gst hst rebate | - | - | $24,000 | - | - | - | - | - | - | - | $24,000 |
| total income return | $48,000 | $53,000 | $101,000 | $86,000 | $90,000 | $94,000 | $99,000 | $104,000 | $109,000 | $114,000 | $898,000 |
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 | - | - | $53,000 | - | - | - | - | - | - | - | $53,000 |
| operating expense | - | - | $7,000 | $9,000 | $9,000 | $10,000 | $10,000 | $10,000 | $11,000 | $11,000 | $78,000 |
| mortgage payment | - | - | $36,000 | $43,000 | $43,000 | $43,000 | $43,000 | $43,000 | $43,000 | $43,000 | $338,000 |
| total expense investment | $44,000 | $44,000 | $185,000 | $52,000 | $52,000 | $53,000 | $53,000 | $53,000 | $54,000 | $54,000 | $645,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | $4,000 | $9,000 | -$83,825 | $34,000 | $37,000 | $42,000 | $46,000 | $50,000 | $55,000 | $60,000 | $253,000 |
| cumulative roi | $109 | $114 | $75 | $90 | $103 | $115 | $126 | $137 | $147 | $157 | $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