Suite number:
PH 15 - PENTHOUSE LOFT H
Project:
Address:
Markham, Ontario
Developer:
Remington Homes
Property type:
condo
Bathrooms:
3
Bedrooms:
3
Size:
1238 sqft
Occupancy Date:
Jan 2025
Price, CAD
$1,496,990
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
21.26%
Cumulative Return on Investment in Year 5
100.22%
Property Price at the End of Year 5
$1,929,000
Deposit Schedule
$5,000 at Signing
Total up to 2.5% in 0 days
$37,425
7.5% on Occupancy
$112,274
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 | $78,000 | $82,000 | $86,000 | $91,000 | $95,000 | $100,000 | $106,000 | $111,000 | $117,000 | $123,000 | $988,000 |
| rent income | $36,000 | $45,000 | $47,000 | $49,000 | $51,000 | $53,000 | $56,000 | $58,000 | $60,000 | $63,000 | $518,000 |
| mortgage principal reduction | $16,000 | $20,000 | $21,000 | $22,000 | $23,000 | $24,000 | $25,000 | $26,000 | $27,000 | $29,000 | $234,000 |
| deposit interest | $28 | - | - | - | - | - | - | - | - | - | $28 |
| gst hst rebate | $24,000 | - | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $154,000 | $147,000 | $154,000 | $162,000 | $169,000 | $178,000 | $186,000 | $195,000 | $205,000 | $215,000 | $1,764,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $150,000 | - | - | - | - | - | - | - | - | - | $150,000 |
| remaining balance payment | $150,000 | - | - | - | - | - | - | - | - | - | $150,000 |
| closing cost | $65,000 | - | - | - | - | - | - | - | - | - | $65,000 |
| operating expense | $15,000 | $18,000 | $19,000 | $20,000 | $20,000 | $21,000 | $21,000 | $22,000 | $23,000 | $24,000 | $203,000 |
| mortgage payment | $61,000 | $73,000 | $73,000 | $73,000 | $73,000 | $73,000 | $73,000 | $73,000 | $73,000 | $73,000 | $716,000 |
| total expense investment | $440,000 | $91,000 | $92,000 | $92,000 | $93,000 | $94,000 | $94,000 | $95,000 | $96,000 | $96,000 | $1,284,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$286,477 | $56,000 | $62,000 | $69,000 | $76,000 | $84,000 | $92,000 | $100,000 | $109,000 | $118,000 | $480,000 |
| cumulative roi | $31 | $52 | $69 | $85 | $100 | $114 | $128 | $141 | $155 | $168 | $1,000 |
Gallery Towers
Address: Markham, Ontario
Price Range: $661,000 - $1,705,000
Avail. suites: 29
1—3 bd
518—2220 SqFt