Suite number:
Perseverance 03
Project:
Address:
Toronto, Ontario
Developer:
The Sher Corporation
Property type:
condo
Floor plan:
Bathrooms:
2
Bedrooms:
2
Size:
1421 sqft
Occupancy Date:
Mar 2025
Price, CAD
$1,499,900
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
23.96%
Cumulative Return on Investment in Year 5
112.93%
Property Price at the End of Year 5
$1,933,000
Deposit Schedule
$5,000 at Signing
Total up to 5% in 30 days
$74,995
5% on Occupancy
$74,995
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 | $96,000 | $100,000 | $106,000 | $111,000 | $117,000 | $123,000 | $990,000 |
| rent income | $34,000 | $43,000 | $45,000 | $47,000 | $49,000 | $51,000 | $53,000 | $55,000 | $58,000 | $60,000 | $493,000 |
| mortgage principal reduction | $15,000 | $19,000 | $20,000 | $21,000 | $22,000 | $23,000 | $24,000 | $26,000 | $27,000 | $28,000 | $226,000 |
| deposit interest | $21 | - | - | - | - | - | - | - | - | - | $21 |
| gst hst rebate | $24,000 | - | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $152,000 | $144,000 | $151,000 | $159,000 | $166,000 | $174,000 | $183,000 | $192,000 | $201,000 | $211,000 | $1,734,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $5,000 | - | - | - | - | - | - | - | - | - | $5,000 |
| remaining balance payment | $150,000 | - | - | - | - | - | - | - | - | - | $150,000 |
| closing cost | $93,000 | - | - | - | - | - | - | - | - | - | $93,000 |
| operating expense | $17,000 | $20,000 | $21,000 | $21,000 | $22,000 | $22,000 | $23,000 | $23,000 | $24,000 | $25,000 | $219,000 |
| mortgage payment | $63,000 | $75,000 | $75,000 | $75,000 | $75,000 | $75,000 | $75,000 | $75,000 | $75,000 | $75,000 | $739,000 |
| total expense investment | $328,000 | $96,000 | $96,000 | $97,000 | $97,000 | $98,000 | $98,000 | $99,000 | $99,000 | $100,000 | $1,206,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$175,938 | $49,000 | $55,000 | $62,000 | $69,000 | $77,000 | $85,000 | $93,000 | $102,000 | $111,000 | $528,000 |
| cumulative roi | $41 | $64 | $83 | $99 | $113 | $126 | $139 | $151 | $163 | $175 | $1,000 |
Warehouse Lofts
Address: Toronto, Ontario
Price Range: $1,435,000 - $1,970,000
Avail. suites: 7
2—3 bd
1366—1674 SqFt