Suite number:
Black Velvet
Project:
Address:
Toronto C08, Ontario
Developer:
Lanterra Developments
Property type:
condo
Bathrooms:
2
Bedrooms:
2
Size:
677 sqft
Occupancy Date:
Mar 2027
Price, CAD
$1,173,900
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
22.13%
Cumulative Return on Investment in Year 5
104.38%
Property Price at the End of Year 5
$1,512,000
Deposit Schedule
$5,000 at Signing
Total up to 5% in 30 days
$58,695
5% in 90 days
$58,695
5% in 180 days
$58,695
5% in 270 days
$58,695
2% on Occupancy
$23,478
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 | $61,000 | $64,000 | $68,000 | $71,000 | $75,000 | $79,000 | $83,000 | $87,000 | $92,000 | $96,000 | $775,000 |
| rent income | - | - | $13,000 | $20,000 | $21,000 | $22,000 | $23,000 | $24,000 | $25,000 | $26,000 | $176,000 |
| mortgage principal reduction | - | - | $10,000 | $16,000 | $16,000 | $17,000 | $18,000 | $19,000 | $20,000 | $20,000 | $136,000 |
| deposit interest | $10,000 | $12,000 | $3,000 | - | - | - | - | - | - | - | $25,000 |
| gst hst rebate | - | - | $24,000 | - | - | - | - | - | - | - | $24,000 |
| total income return | $71,000 | $76,000 | $118,000 | $107,000 | $112,000 | $118,000 | $124,000 | $130,000 | $136,000 | $143,000 | $1,135,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $235,000 | - | $23,000 | - | - | - | - | - | - | - | $258,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | $79,000 | - | - | - | - | - | - | - | $79,000 |
| operating expense | - | - | $7,000 | $11,000 | $11,000 | $12,000 | $12,000 | $12,000 | $13,000 | $13,000 | $92,000 |
| mortgage payment | - | - | $38,000 | $57,000 | $57,000 | $57,000 | $57,000 | $57,000 | $57,000 | $57,000 | $438,000 |
| total expense investment | $235,000 | - | $148,000 | $68,000 | $68,000 | $69,000 | $69,000 | $70,000 | $70,000 | $70,000 | $867,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$164,235 | $76,000 | -$29,587 | $39,000 | $44,000 | $49,000 | $55,000 | $60,000 | $66,000 | $73,000 | $268,000 |
| cumulative roi | $30 | $63 | $80 | $93 | $104 | $115 | $124 | $133 | $142 | $150 | $1,000 |
No. 31 Condominiums
Address: Toronto C08, Ontario
Price Range: $920,000 - $1,709,000
Avail. suites: 21
0—3 bd
351—1079 SqFt