Suite number:
LE-W (West Tower)
Address:
Toronto W01, Ontario
Developer:
Mirabella Development Corporation
Property type:
condo
Bathrooms:
2
Bedrooms:
2
Size:
974 sqft
Occupancy Date:
Jan 2023
Price, CAD
$1,150,000
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
33.11%
Cumulative Return on Investment in Year 5
160.62%
Property Price at the End of Year 5
$1,482,000
Deposit Schedule
$10 at Signing
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 | $60,000 | $63,000 | $66,000 | $70,000 | $73,000 | $77,000 | $81,000 | $85,000 | $90,000 | $94,000 | $759,000 |
| rent income | - | - | - | - | - | - | - | - | - | - | - |
| mortgage principal reduction | $45,000 | $17,000 | $18,000 | $19,000 | $19,000 | $20,000 | $21,000 | $22,000 | $23,000 | $24,000 | $229,000 |
| deposit interest | - | - | - | - | - | - | - | - | - | - | - |
| gst hst rebate | - | - | - | - | - | - | - | - | - | - | - |
| total income return | $105,000 | $80,000 | $84,000 | $88,000 | $93,000 | $97,000 | $102,000 | $107,000 | $113,000 | $119,000 | $988,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | - | - | - | - | - | - | - | - | - | - | - |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | - | - | - | - | - | - | - | - |
| operating expense | - | - | - | - | - | - | - | - | - | - | - |
| mortgage payment | $56,000 | $56,000 | $56,000 | $56,000 | $56,000 | $56,000 | $56,000 | $56,000 | $56,000 | $56,000 | $559,000 |
| total expense investment | $56,000 | $56,000 | $56,000 | $56,000 | $56,000 | $56,000 | $56,000 | $56,000 | $56,000 | $56,000 | $559,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | $49,000 | $24,000 | $28,000 | $32,000 | $37,000 | $41,000 | $46,000 | $51,000 | $57,000 | $63,000 | $428,000 |
| cumulative roi | $187 | $165 | $160 | $159 | $161 | $163 | $166 | $169 | $173 | $177 | $2,000 |
Mirabella Luxury Condos - East and West Tower
Address: Toronto W01, Ontario
Price Range: $600,000 - $1,150,000
Avail. suites: 14
1—3 bd
460—1539 SqFt