Suite number:
109
Project:
Address:
Markham, Ontario
Developer:
Eringate Homes
Property type:
condo
Bathrooms:
1.5
Bedrooms:
1
Size:
869 sqft
Occupancy Date:
Mar 2027
Price, CAD
$979,900
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
21.85%
Cumulative Return on Investment in Year 5
97.87%
Property Price at the End of Year 5
$1,262,000
Deposit Schedule
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 | $51,000 | $54,000 | $56,000 | $59,000 | $62,000 | $66,000 | $69,000 | $73,000 | $76,000 | $80,000 | $647,000 |
| rent income | - | - | $12,000 | $21,000 | $22,000 | $23,000 | $24,000 | $25,000 | $26,000 | $27,000 | $178,000 |
| mortgage principal reduction | - | - | $7,000 | $13,000 | $14,000 | $14,000 | $15,000 | $16,000 | $16,000 | $17,000 | $112,000 |
| deposit interest | - | - | - | - | - | - | - | - | - | - | - |
| gst hst rebate | - | - | $24,000 | - | - | - | - | - | - | - | $24,000 |
| total income return | $51,000 | $54,000 | $100,000 | $93,000 | $98,000 | $103,000 | $108,000 | $113,000 | $118,000 | $124,000 | $960,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | - | - | - | - | - | - | - | - | - | - | - |
| remaining balance payment | - | - | $196,000 | - | - | - | - | - | - | - | $196,000 |
| closing cost | - | - | $55,000 | - | - | - | - | - | - | - | $55,000 |
| operating expense | - | - | $7,000 | $12,000 | $12,000 | $13,000 | $13,000 | $14,000 | $14,000 | $14,000 | $99,000 |
| mortgage payment | - | - | $28,000 | $48,000 | $48,000 | $48,000 | $48,000 | $48,000 | $48,000 | $48,000 | $361,000 |
| total expense investment | - | - | $286,000 | $60,000 | $60,000 | $60,000 | $61,000 | $61,000 | $62,000 | $62,000 | $712,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | $51,000 | $54,000 | -$186,189 | $33,000 | $38,000 | $42,000 | $47,000 | $52,000 | $57,000 | $62,000 | $249,000 |
| cumulative roi | - | - | $71 | $85 | $98 | $109 | $119 | $129 | $138 | $147 | $897 |
46 On Main
Address: Markham, Ontario
Price Range: $503,000 - $1,308,000
Avail. suites: 51
1—3.5 bd
326—1187 SqFt