Suite number:
Grand 909
Project:
Address:
Toronto C08, Ontario
Developer:
Menkes Developments Ltd.
Property type:
condo
Bathrooms:
2
Bedrooms:
3
Size:
909 sqft
Occupancy Date:
Sep 2028
Price, CAD
$1,270,990
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
27.88%
Cumulative Return on Investment in Year 5
127.37%
Property Price at the End of Year 5
$1,637,000
Deposit Schedule
$10,000 at Signing
Total up to 5% in 30 days
$63,550
2.5% in 90 days
$31,775
2.5% in 180 days
$31,775
2.5% in 540 days
$31,775
2.5% in 900 days
$31,775
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 | $66,000 | $70,000 | $73,000 | $77,000 | $81,000 | $85,000 | $90,000 | $94,000 | $99,000 | $104,000 | $839,000 |
| rent income | - | - | - | $5,000 | $32,000 | $34,000 | $35,000 | $36,000 | $38,000 | $40,000 | $220,000 |
| mortgage principal reduction | - | - | - | $3,000 | $17,000 | $17,000 | $18,000 | $19,000 | $20,000 | $21,000 | $114,000 |
| deposit interest | $6,000 | $9,000 | $13,000 | $8,000 | - | - | - | - | - | - | $36,000 |
| gst hst rebate | - | - | - | $24,000 | - | - | - | - | - | - | $24,000 |
| total income return | $71,000 | $79,000 | $86,000 | $117,000 | $130,000 | $136,000 | $143,000 | $150,000 | $157,000 | $165,000 | $1,232,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $127,000 | $32,000 | $32,000 | $64,000 | - | - | - | - | - | - | $254,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | $83,000 | - | - | - | - | - | - | $83,000 |
| operating expense | - | - | - | $2,000 | $15,000 | $15,000 | $16,000 | $16,000 | $17,000 | $17,000 | $98,000 |
| mortgage payment | - | - | - | $10,000 | $62,000 | $62,000 | $62,000 | $62,000 | $62,000 | $62,000 | $381,000 |
| total expense investment | $127,000 | $32,000 | $32,000 | $159,000 | $77,000 | $77,000 | $77,000 | $78,000 | $78,000 | $79,000 | $816,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$55,651 | $47,000 | $54,000 | -$42,434 | $53,000 | $59,000 | $65,000 | $72,000 | $78,000 | $86,000 | $416,000 |
| cumulative roi | $56 | $95 | $124 | $114 | $127 | $139 | $150 | $161 | $171 | $182 | $1,000 |
Elektra Condos
Address: Toronto C08, Ontario
Price Range: $594,000 - $1,271,000
Avail. suites: 17
0—3 bd
375—909 SqFt