Suite number:
Tipo 53 (T2)
Project:
Address:
Vaughan, Ontario
Developer:
Cortel Group
Property type:
condo
Floor plan:
Bathrooms:
2
Bedrooms:
3
Size:
1430 sqft
Occupancy Date:
Oct 2024
Price, CAD
$1,379,999
Available
ROI
15,16%
Monthly Expenses
- condo fees— $858
- property taxes— $345
- property management— $257
- repairs and maintenance— $129
Total: $1,589
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Investment Period: 5 years
Yearly Return on Investment in Year 5
31.44%
Cumulative Return on Investment in Year 5
143.32%
Property Price at the End of Year 5
$1,778,000
Deposit Schedule
$5,000 at Signing
Total up to 20% in 9999 days
$276,000
Net Gain (Loss)
- Net Gain Loss
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Property Price Appreciation
- 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 | $72,000 | $75,000 | $79,000 | $84,000 | $88,000 | $92,000 | $97,000 | $102,000 | $108,000 | $113,000 | $911,000 |
| rent income | - | - | - | - | - | - | - | - | - | - | - |
| mortgage principal reduction | $20,000 | $18,000 | $19,000 | $20,000 | $21,000 | $22,000 | $23,000 | $24,000 | $25,000 | $26,000 | $217,000 |
| deposit interest | - | - | - | - | - | - | - | - | - | - | - |
| gst hst rebate | - | - | - | - | - | - | - | - | - | - | - |
| total income return | $92,000 | $93,000 | $98,000 | $103,000 | $109,000 | $114,000 | $120,000 | $126,000 | $133,000 | $140,000 | $1,128,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | - | - | - | - | - | - | - | - | - | - | - |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | - | - | - | - | - | - | - | - |
| operating expense | - | - | - | - | - | - | - | - | - | - | - |
| mortgage payment | $69,000 | $69,000 | $69,000 | $69,000 | $69,000 | $69,000 | $69,000 | $69,000 | $69,000 | $69,000 | $691,000 |
| total expense investment | $69,000 | $69,000 | $69,000 | $69,000 | $69,000 | $69,000 | $69,000 | $69,000 | $69,000 | $69,000 | $691,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | $22,000 | $24,000 | $29,000 | $34,000 | $40,000 | $45,000 | $51,000 | $57,000 | $64,000 | $70,000 | $437,000 |
| cumulative roi | $132 | $134 | $137 | $140 | $143 | $147 | $151 | $155 | $159 | $163 | $1,000 |
Abeja District Tower 2 & 3
Address: Vaughan, Ontario
Price Range: $1,150,000 - $1,386,000
Avail. suites: 11
1—3 bd
415—1430 SqFt
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80% of Original Price
Options for changing mortgage terms
The rental rate per square foot.