Suite number:
PH 01 (Penthouse Collection)
Project:
Address:
Toronto C09, Ontario
Developer:
Menkes Developments Ltd.
Property type:
condo
Bathrooms:
2
Bedrooms:
2.5
Size:
823 sqft
Occupancy Date:
Mar 2025
Price, CAD
$1,779,990
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
17.59%
Cumulative Return on Investment in Year 5
82.22%
Property Price at the End of Year 5
$2,293,000
Deposit Schedule
$10,000 at Signing
Total up to 5% in 30 days
$89,000
10% on Occupancy
$177,999
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 | $92,000 | $97,000 | $102,000 | $108,000 | $113,000 | $119,000 | $125,000 | $132,000 | $139,000 | $146,000 | $1,175,000 |
| rent income | $22,000 | $30,000 | $31,000 | $32,000 | $34,000 | $35,000 | $37,000 | $38,000 | $40,000 | $42,000 | $341,000 |
| mortgage principal reduction | $17,000 | $24,000 | $25,000 | $26,000 | $27,000 | $28,000 | $30,000 | $31,000 | $33,000 | $34,000 | $275,000 |
| deposit interest | $715 | - | - | - | - | - | - | - | - | - | $715 |
| gst hst rebate | $24,000 | - | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $156,000 | $151,000 | $158,000 | $166,000 | $174,000 | $183,000 | $192,000 | $201,000 | $211,000 | $222,000 | $1,815,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $267,000 | - | - | - | - | - | - | - | - | - | $267,000 |
| remaining balance payment | $89,000 | - | - | - | - | - | - | - | - | - | $89,000 |
| closing cost | $103,000 | - | - | - | - | - | - | - | - | - | $103,000 |
| operating expense | $13,000 | $17,000 | $18,000 | $18,000 | $19,000 | $19,000 | $20,000 | $21,000 | $21,000 | $22,000 | $187,000 |
| mortgage payment | $65,000 | $87,000 | $87,000 | $87,000 | $87,000 | $87,000 | $87,000 | $87,000 | $87,000 | $87,000 | $844,000 |
| total expense investment | $537,000 | $104,000 | $104,000 | $105,000 | $105,000 | $106,000 | $107,000 | $107,000 | $108,000 | $108,000 | $1,490,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$380,798 | $47,000 | $54,000 | $61,000 | $69,000 | $77,000 | $85,000 | $94,000 | $104,000 | $113,000 | $325,000 |
| cumulative roi | $26 | $44 | $58 | $71 | $82 | $93 | $102 | $111 | $120 | $129 | $837 |
Adagio Condos
Address: Toronto C09, Ontario
Price Range: $688,000 - $1,860,000
Avail. suites: 15
0—3 bd
372—993 SqFt