Suite number:
PH 03 (Penthouse Collection)
Project:
Address:
Toronto C09, Ontario
Developer:
Menkes Developments Ltd.
Property type:
condo
Floor plan:
Bathrooms:
2
Bedrooms:
2
Size:
743 sqft
Occupancy Date:
Mar 2025
Price, CAD
$1,596,990
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
16.44%
Cumulative Return on Investment in Year 5
77.48%
Property Price at the End of Year 5
$2,057,000
Deposit Schedule
$10,000 at Signing
Total up to 5% in 30 days
$79,850
10% on Occupancy
$159,699
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 | $83,000 | $87,000 | $92,000 | $97,000 | $102,000 | $107,000 | $113,000 | $118,000 | $125,000 | $131,000 | $1,054,000 |
| rent income | $20,000 | $23,000 | $24,000 | $25,000 | $26,000 | $27,000 | $28,000 | $29,000 | $30,000 | $32,000 | $262,000 |
| mortgage principal reduction | $18,000 | $21,000 | $22,000 | $23,000 | $24,000 | $25,000 | $26,000 | $27,000 | $29,000 | $30,000 | $244,000 |
| deposit interest | - | - | - | - | - | - | - | - | - | - | - |
| gst hst rebate | $24,000 | - | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $145,000 | $131,000 | $137,000 | $144,000 | $151,000 | $159,000 | $167,000 | $175,000 | $184,000 | $193,000 | $1,584,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $240,000 | - | - | - | - | - | - | - | - | - | $240,000 |
| remaining balance payment | $80,000 | - | - | - | - | - | - | - | - | - | $80,000 |
| closing cost | $97,000 | - | - | - | - | - | - | - | - | - | $97,000 |
| operating expense | $13,000 | $15,000 | $15,000 | $16,000 | $16,000 | $16,000 | $17,000 | $17,000 | $17,000 | $18,000 | $160,000 |
| mortgage payment | $73,000 | $80,000 | $80,000 | $80,000 | $80,000 | $80,000 | $80,000 | $80,000 | $80,000 | $80,000 | $793,000 |
| total expense investment | $503,000 | $95,000 | $95,000 | $96,000 | $96,000 | $96,000 | $97,000 | $97,000 | $97,000 | $98,000 | $1,370,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$358,696 | $36,000 | $42,000 | $48,000 | $55,000 | $62,000 | $70,000 | $78,000 | $86,000 | $95,000 | $213,000 |
| cumulative roi | $26 | $42 | $56 | $67 | $77 | $87 | $96 | $104 | $112 | $120 | $787 |
Adagio Condos
Address: Toronto C09, Ontario
Price Range: $688,000 - $1,860,000
Avail. suites: 15
0—3 bd
372—993 SqFt