Suite number:
PH 01 (Penthouse Collection)
Project:
Address:
Toronto C09, Ontario
Developer:
Menkes Developments Ltd.
Property type:
condo
Floor plan:
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
16.96%
Cumulative Return on Investment in Year 5
79.56%
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 | $26,000 | $30,000 | $31,000 | $32,000 | $34,000 | $35,000 | $37,000 | $38,000 | $40,000 | $42,000 | $346,000 |
| mortgage principal reduction | $20,000 | $23,000 | $24,000 | $25,000 | $26,000 | $28,000 | $29,000 | $30,000 | $32,000 | $34,000 | $272,000 |
| deposit interest | - | - | - | - | - | - | - | - | - | - | - |
| gst hst rebate | $24,000 | - | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $163,000 | $150,000 | $158,000 | $165,000 | $174,000 | $182,000 | $191,000 | $201,000 | $211,000 | $221,000 | $1,817,000 |
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 | $105,000 | - | - | - | - | - | - | - | - | - | $105,000 |
| operating expense | $15,000 | $17,000 | $17,000 | $18,000 | $18,000 | $19,000 | $19,000 | $19,000 | $20,000 | $20,000 | $183,000 |
| mortgage payment | $82,000 | $89,000 | $89,000 | $89,000 | $89,000 | $89,000 | $89,000 | $89,000 | $89,000 | $89,000 | $884,000 |
| total expense investment | $558,000 | $106,000 | $107,000 | $107,000 | $107,000 | $108,000 | $108,000 | $109,000 | $109,000 | $110,000 | $1,528,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$394,922 | $44,000 | $51,000 | $59,000 | $66,000 | $75,000 | $83,000 | $92,000 | $102,000 | $112,000 | $289,000 |
| cumulative roi | $26 | $43 | $57 | $69 | $80 | $90 | $99 | $108 | $117 | $125 | $812 |
Adagio Condos
Address: Toronto C09, Ontario
Price Range: $688,000 - $1,860,000
Avail. suites: 15
0—3 bd
372—993 SqFt