Suite number:
Sapphire³
Project:
Address:
Mississauga, Ontario
Developer:
Solmar Development Corp
Property type:
condo
Bathrooms:
2
Bedrooms:
1.5
Size:
588 sqft
Occupancy Date:
Jan 2027
Price, CAD
$774,900
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
22.54%
Cumulative Return on Investment in Year 5
106.05%
Property Price at the End of Year 5
$998,000
Deposit Schedule
$5,000 at Signing
Total up to 5% in 30 days
$38,745
5% on Occupancy
$38,745
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 | $40,000 | $42,000 | $45,000 | $47,000 | $49,000 | $52,000 | $55,000 | $57,000 | $60,000 | $64,000 | $511,000 |
| rent income | - | - | $17,000 | $21,000 | $22,000 | $23,000 | $24,000 | $25,000 | $26,000 | $28,000 | $188,000 |
| mortgage principal reduction | - | - | $8,000 | $10,000 | $11,000 | $11,000 | $12,000 | $12,000 | $13,000 | $14,000 | $92,000 |
| deposit interest | $2,000 | $4,000 | $446 | - | - | - | - | - | - | - | $6,000 |
| gst hst rebate | - | - | $24,000 | - | - | - | - | - | - | - | $24,000 |
| total income return | $42,000 | $46,000 | $95,000 | $79,000 | $83,000 | $87,000 | $91,000 | $95,000 | $100,000 | $105,000 | $821,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $39,000 | $39,000 | - | - | - | - | - | - | - | - | $77,000 |
| remaining balance payment | - | - | $77,000 | - | - | - | - | - | - | - | $77,000 |
| closing cost | - | - | $51,000 | - | - | - | - | - | - | - | $51,000 |
| operating expense | - | - | $7,000 | $8,000 | $9,000 | $9,000 | $9,000 | $9,000 | $10,000 | $10,000 | $71,000 |
| mortgage payment | - | - | $31,000 | $38,000 | $38,000 | $38,000 | $38,000 | $38,000 | $38,000 | $38,000 | $295,000 |
| total expense investment | $39,000 | $39,000 | $167,000 | $46,000 | $46,000 | $47,000 | $47,000 | $47,000 | $47,000 | $48,000 | $572,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | $3,000 | $8,000 | -$72,096 | $33,000 | $36,000 | $40,000 | $44,000 | $48,000 | $52,000 | $57,000 | $249,000 |
| cumulative roi | $109 | $114 | $76 | $92 | $106 | $119 | $132 | $144 | $156 | $168 | $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