Suite number:
Black Velvet
Project:
Address:
Toronto, Ontario
Developer:
Lanterra Developments
Property type:
condo
Floor plan:
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
19.28%
Cumulative Return on Investment in Year 5
91.35%
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 | - | $11,000 | $20,000 | $21,000 | $22,000 | $23,000 | $24,000 | $25,000 | $26,000 | $27,000 | $200,000 |
| mortgage principal reduction | - | $8,000 | $15,000 | $16,000 | $16,000 | $17,000 | $18,000 | $19,000 | $20,000 | $21,000 | $150,000 |
| deposit interest | $9,000 | $5,000 | - | - | - | - | - | - | - | - | $14,000 |
| gst hst rebate | - | $24,000 | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $70,000 | $113,000 | $103,000 | $108,000 | $113,000 | $119,000 | $125,000 | $131,000 | $137,000 | $144,000 | $1,162,000 |
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 | - | $80,000 | - | - | - | - | - | - | - | - | $80,000 |
| operating expense | - | $6,000 | $11,000 | $11,000 | $11,000 | $12,000 | $12,000 | $12,000 | $13,000 | $13,000 | $101,000 |
| mortgage payment | - | $34,000 | $59,000 | $59,000 | $59,000 | $59,000 | $59,000 | $59,000 | $59,000 | $59,000 | $505,000 |
| total expense investment | $235,000 | $144,000 | $70,000 | $70,000 | $70,000 | $70,000 | $71,000 | $71,000 | $71,000 | $72,000 | $944,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$164,746 | -$31,463 | $33,000 | $38,000 | $43,000 | $48,000 | $54,000 | $60,000 | $66,000 | $73,000 | $218,000 |
| cumulative roi | $30 | $53 | $68 | $80 | $91 | $101 | $111 | $120 | $128 | $137 | $919 |
No. 31 Condominiums
Address: Toronto, Ontario
Price Range: $920,000 - $1,709,000
Avail. suites: 21
0—3 bd
351—1079 SqFt