Suite number:
PH 03 (Penthouse Collection)
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
$1,596,990
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
17.05%
Cumulative Return on Investment in Year 5
80.02%
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)
Get Expert Advice
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 | $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 | $26,000 | $27,000 | $28,000 | $29,000 | $31,000 | $247,000 |
| deposit interest | $642 | - | - | - | - | - | - | - | - | - | $642 |
| gst hst rebate | $24,000 | - | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $139,000 | $131,000 | $138,000 | $144,000 | $152,000 | $159,000 | $167,000 | $175,000 | $184,000 | $193,000 | $1,582,000 |
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 | $96,000 | - | - | - | - | - | - | - | - | - | $96,000 |
| operating expense | $11,000 | $15,000 | $15,000 | $16,000 | $16,000 | $17,000 | $17,000 | $18,000 | $19,000 | $19,000 | $164,000 |
| mortgage payment | $58,000 | $78,000 | $78,000 | $78,000 | $78,000 | $78,000 | $78,000 | $78,000 | $78,000 | $78,000 | $757,000 |
| total expense investment | $484,000 | $93,000 | $93,000 | $94,000 | $94,000 | $95,000 | $95,000 | $96,000 | $96,000 | $97,000 | $1,337,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$345,351 | $38,000 | $44,000 | $51,000 | $57,000 | $64,000 | $72,000 | $79,000 | $88,000 | $96,000 | $245,000 |
| cumulative roi | $27 | $44 | $57 | $69 | $80 | $90 | $99 | $107 | $115 | $123 | $811 |
Adagio Condos
Address: Toronto C09, Ontario
Price Range: $688,000 - $1,860,000
Avail. suites: 15
0—3 bd
372—993 SqFt