Suite number:
508 - 2S-C
Project:
Address:
Toronto C03, Ontario
Developer:
Block Developments
Property type:
condo
Bathrooms:
2
Bedrooms:
2.5
Size:
797 sqft
Occupancy Date:
Jan 2025
Price, CAD
$1,048,990
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
18.68%
Cumulative Return on Investment in Year 5
89.66%
Property Price at the End of Year 5
$1,351,000
Deposit Schedule
$5,000 at Signing
Total up to 2.5% in 30 days
$26,225
17.5% on Occupancy
$183,573
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 | $54,000 | $57,000 | $60,000 | $63,000 | $67,000 | $70,000 | $74,000 | $78,000 | $82,000 | $86,000 | $692,000 |
| rent income | $23,000 | $29,000 | $30,000 | $32,000 | $33,000 | $34,000 | $36,000 | $37,000 | $39,000 | $41,000 | $334,000 |
| mortgage principal reduction | $11,000 | $14,000 | $15,000 | $15,000 | $16,000 | $17,000 | $18,000 | $18,000 | $19,000 | $20,000 | $164,000 |
| deposit interest | $28 | - | - | - | - | - | - | - | - | - | $28 |
| gst hst rebate | $24,000 | - | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $113,000 | $100,000 | $105,000 | $110,000 | $116,000 | $121,000 | $127,000 | $133,000 | $140,000 | $147,000 | $1,214,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $210,000 | - | - | - | - | - | - | - | - | - | $210,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | $74,000 | - | - | - | - | - | - | - | - | - | $74,000 |
| operating expense | $10,000 | $13,000 | $13,000 | $13,000 | $14,000 | $14,000 | $15,000 | $15,000 | $16,000 | $16,000 | $140,000 |
| mortgage payment | $43,000 | $51,000 | $51,000 | $51,000 | $51,000 | $51,000 | $51,000 | $51,000 | $51,000 | $51,000 | $502,000 |
| total expense investment | $337,000 | $64,000 | $64,000 | $64,000 | $65,000 | $65,000 | $66,000 | $66,000 | $67,000 | $67,000 | $925,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$223,530 | $37,000 | $41,000 | $46,000 | $51,000 | $56,000 | $61,000 | $67,000 | $73,000 | $79,000 | $288,000 |
| cumulative roi | $29 | $47 | $62 | $77 | $90 | $102 | $114 | $126 | $138 | $150 | $934 |
Groove Urban Condominiums
Address: Toronto C03, Ontario
Price Range: $782,000 - $1,670,000
Avail. suites: 12
1—3.5 bd
416—1200 SqFt