Suite number:
1029 - Venice
Project:
Address:
Toronto C08, Ontario
Developer:
Empire Communities
Property type:
condo
Bathrooms:
2
Bedrooms:
3
Size:
1088 sqft
Occupancy Date:
Mar 2025
Price, CAD
$1,714,990
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
18.75%
Cumulative Return on Investment in Year 5
87.68%
Property Price at the End of Year 5
$2,209,000
Deposit Schedule
$1 at Signing
Total up to 1% in 30 days
$17,150
8% on Occupancy
$137,199
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 | $89,000 | $94,000 | $99,000 | $104,000 | $109,000 | $115,000 | $121,000 | $127,000 | $134,000 | $141,000 | $1,132,000 |
| rent income | $29,000 | $39,000 | $41,000 | $43,000 | $45,000 | $47,000 | $49,000 | $51,000 | $53,000 | $55,000 | $451,000 |
| mortgage principal reduction | $17,000 | $23,000 | $24,000 | $25,000 | $26,000 | $27,000 | $29,000 | $30,000 | $31,000 | $33,000 | $265,000 |
| deposit interest | $211 | - | - | - | - | - | - | - | - | - | $211 |
| gst hst rebate | $24,000 | - | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $158,000 | $156,000 | $164,000 | $172,000 | $180,000 | $189,000 | $198,000 | $208,000 | $218,000 | $229,000 | $1,872,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $154,000 | - | - | - | - | - | - | - | - | - | $154,000 |
| remaining balance payment | $189,000 | - | - | - | - | - | - | - | - | - | $189,000 |
| closing cost | $101,000 | - | - | - | - | - | - | - | - | - | $101,000 |
| operating expense | $13,000 | $17,000 | $18,000 | $18,000 | $19,000 | $19,000 | $20,000 | $21,000 | $21,000 | $22,000 | $188,000 |
| mortgage payment | $63,000 | $83,000 | $83,000 | $83,000 | $83,000 | $83,000 | $83,000 | $83,000 | $83,000 | $83,000 | $813,000 |
| total expense investment | $519,000 | $101,000 | $101,000 | $102,000 | $102,000 | $103,000 | $104,000 | $104,000 | $105,000 | $105,000 | $1,445,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$360,402 | $56,000 | $63,000 | $70,000 | $78,000 | $86,000 | $95,000 | $104,000 | $113,000 | $123,000 | $427,000 |
| cumulative roi | $27 | $45 | $61 | $75 | $88 | $100 | $111 | $122 | $133 | $144 | $905 |
Empire Quay House
Address: Toronto C08, Ontario
Price Range: $750,000 - $1,750,000
Avail. suites: 30
0—3.5 bd
339—1127 SqFt