Suite number:
490 (East Tower)
Address:
Toronto W08, Ontario
Developer:
RioCan Living
Property type:
condo
Floor plan:
Bathrooms:
1
Bedrooms:
1
Size:
490 sqft
Occupancy Date:
Jun 2025
Price, CAD
$651,900
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
16.40%
Cumulative Return on Investment in Year 5
81.02%
Property Price at the End of Year 5
$840,000
Deposit Schedule
$10,000 at Signing
Total up to 5% in 30 days
$32,595
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 | $34,000 | $36,000 | $38,000 | $39,000 | $42,000 | $44,000 | $46,000 | $48,000 | $51,000 | $53,000 | $430,000 |
| rent income | $6,000 | $12,000 | $12,000 | $13,000 | $13,000 | $14,000 | $14,000 | $15,000 | $16,000 | $16,000 | $131,000 |
| mortgage principal reduction | $4,000 | $8,000 | $9,000 | $9,000 | $9,000 | $10,000 | $10,000 | $11,000 | $11,000 | $12,000 | $94,000 |
| deposit interest | $607 | - | - | - | - | - | - | - | - | - | $607 |
| gst hst rebate | $24,000 | - | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $68,000 | $56,000 | $58,000 | $61,000 | $64,000 | $67,000 | $71,000 | $74,000 | $78,000 | $82,000 | $680,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $33,000 | - | - | - | - | - | - | - | - | - | $33,000 |
| remaining balance payment | $98,000 | - | - | - | - | - | - | - | - | - | $98,000 |
| closing cost | $60,000 | - | - | - | - | - | - | - | - | - | $60,000 |
| operating expense | $4,000 | $7,000 | $7,000 | $7,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $73,000 |
| mortgage payment | $16,000 | $33,000 | $33,000 | $33,000 | $33,000 | $33,000 | $33,000 | $33,000 | $33,000 | $33,000 | $310,000 |
| total expense investment | $210,000 | $40,000 | $40,000 | $40,000 | $40,000 | $40,000 | $41,000 | $41,000 | $41,000 | $41,000 | $573,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$141,617 | $16,000 | $18,000 | $21,000 | $24,000 | $27,000 | $30,000 | $34,000 | $37,000 | $41,000 | $107,000 |
| cumulative roi | $31 | $46 | $59 | $71 | $81 | $91 | $100 | $108 | $117 | $125 | $829 |
Verge Condos (East and West Tower)
Address: Toronto W08, Ontario
Price Range: $645,000 - $1,180,000
Avail. suites: 78
1—3 bd
487—972 SqFt