Suite number:
Piccadilly 564
Project:
Address:
Toronto C08, Ontario
Developer:
Menkes Developments Ltd.
Property type:
condo
Bathrooms:
2
Bedrooms:
1.5
Size:
564 sqft
Occupancy Date:
Sep 2028
Price, CAD
$927,990
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
26.72%
Cumulative Return on Investment in Year 5
124.48%
Property Price at the End of Year 5
$1,196,000
Deposit Schedule
$10,000 at Signing
Total up to 5% in 30 days
$46,400
2.5% in 90 days
$23,200
2.5% in 180 days
$23,200
2.5% in 540 days
$23,200
2.5% in 900 days
$23,200
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 | $48,000 | $51,000 | $53,000 | $56,000 | $59,000 | $62,000 | $65,000 | $69,000 | $72,000 | $76,000 | $612,000 |
| rent income | - | - | - | $3,000 | $20,000 | $21,000 | $22,000 | $23,000 | $24,000 | $25,000 | $137,000 |
| mortgage principal reduction | - | - | - | $2,000 | $12,000 | $13,000 | $13,000 | $14,000 | $14,000 | $15,000 | $83,000 |
| deposit interest | $4,000 | $7,000 | $9,000 | $6,000 | - | - | - | - | - | - | $26,000 |
| gst hst rebate | - | - | - | $24,000 | - | - | - | - | - | - | $24,000 |
| total income return | $52,000 | $58,000 | $63,000 | $91,000 | $91,000 | $96,000 | $100,000 | $105,000 | $110,000 | $116,000 | $882,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $93,000 | $23,000 | $23,000 | $46,000 | - | - | - | - | - | - | $186,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | $69,000 | - | - | - | - | - | - | $69,000 |
| operating expense | - | - | - | $2,000 | $10,000 | $10,000 | $10,000 | $10,000 | $11,000 | $11,000 | $64,000 |
| mortgage payment | - | - | - | $8,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $278,000 |
| total expense investment | $93,000 | $23,000 | $23,000 | $125,000 | $55,000 | $55,000 | $55,000 | $56,000 | $56,000 | $56,000 | $597,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$40,621 | $34,000 | $40,000 | -$33,514 | $36,000 | $41,000 | $45,000 | $50,000 | $54,000 | $60,000 | $286,000 |
| cumulative roi | $56 | $95 | $124 | $112 | $124 | $135 | $145 | $155 | $164 | $173 | $1,000 |
Elektra Condos
Address: Toronto C08, Ontario
Price Range: $594,000 - $1,271,000
Avail. suites: 17
0—3 bd
375—909 SqFt