Suite number:
Flamenco
Project:
Address:
Toronto C09, Ontario
Developer:
Menkes Developments Ltd.
Property type:
condo
Bathrooms:
2
Bedrooms:
2
Size:
743 sqft
Occupancy Date:
Mar 2025
Price, CAD
$1,564,990
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
17.06%
Cumulative Return on Investment in Year 5
80.15%
Property Price at the End of Year 5
$2,016,000
Deposit Schedule
$10,000 at Signing
Total up to 5% in 30 days
$78,250
10% on Occupancy
$156,499
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 | $81,000 | $86,000 | $90,000 | $95,000 | $100,000 | $105,000 | $110,000 | $116,000 | $122,000 | $128,000 | $1,033,000 |
| rent income | $16,000 | $22,000 | $23,000 | $24,000 | $25,000 | $27,000 | $28,000 | $29,000 | $30,000 | $31,000 | $257,000 |
| mortgage principal reduction | $15,000 | $21,000 | $22,000 | $23,000 | $24,000 | $25,000 | $26,000 | $27,000 | $29,000 | $30,000 | $242,000 |
| deposit interest | $629 | - | - | - | - | - | - | - | - | - | $629 |
| gst hst rebate | $24,000 | - | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $137,000 | $129,000 | $135,000 | $142,000 | $149,000 | $156,000 | $164,000 | $172,000 | $181,000 | $190,000 | $1,556,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $235,000 | - | - | - | - | - | - | - | - | - | $235,000 |
| remaining balance payment | $78,000 | - | - | - | - | - | - | - | - | - | $78,000 |
| closing cost | $95,000 | - | - | - | - | - | - | - | - | - | $95,000 |
| operating expense | $11,000 | $15,000 | $15,000 | $16,000 | $16,000 | $17,000 | $17,000 | $18,000 | $18,000 | $19,000 | $163,000 |
| mortgage payment | $57,000 | $76,000 | $76,000 | $76,000 | $76,000 | $76,000 | $76,000 | $76,000 | $76,000 | $76,000 | $742,000 |
| total expense investment | $476,000 | $91,000 | $91,000 | $92,000 | $92,000 | $93,000 | $93,000 | $94,000 | $95,000 | $95,000 | $1,313,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$338,412 | $38,000 | $44,000 | $50,000 | $57,000 | $63,000 | $71,000 | $78,000 | $86,000 | $95,000 | $243,000 |
| cumulative roi | $27 | $44 | $58 | $70 | $80 | $90 | $99 | $107 | $116 | $124 | $813 |
Adagio Condos
Address: Toronto C09, Ontario
Price Range: $688,000 - $1,860,000
Avail. suites: 15
0—3 bd
372—993 SqFt