Suite number:
CANNES 949-T (East Tower)
Project:
Address:
Vaughan, Ontario
Developer:
Menkes Developments Ltd.
Property type:
condo
Bathrooms:
2
Bedrooms:
3
Size:
949 sqft
Occupancy Date:
Jun 2029
Price, CAD
$1,295,990
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
40.47%
Cumulative Return on Investment in Year 5
152.24%
Property Price at the End of Year 5
$1,670,000
Deposit Schedule
$12,000 at Signing
Total up to 5% in 30 days
$64,800
2.5% in 180 days
$32,400
2.5% in 360 days
$32,400
2.5% in 600 days
$32,400
2.5% in 750 days
$32,400
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 | $67,000 | $71,000 | $75,000 | $78,000 | $83,000 | $87,000 | $91,000 | $96,000 | $101,000 | $106,000 | $855,000 |
| rent income | - | - | - | - | $14,000 | $34,000 | $35,000 | $37,000 | $38,000 | $40,000 | $199,000 |
| mortgage principal reduction | - | - | - | - | $7,000 | $17,000 | $18,000 | $19,000 | $20,000 | $20,000 | $100,000 |
| deposit interest | $5,000 | $9,000 | $13,000 | $10,000 | $5,000 | - | - | - | - | - | $42,000 |
| gst hst rebate | - | - | - | - | $24,000 | - | - | - | - | - | $24,000 |
| total income return | $72,000 | $80,000 | $87,000 | $89,000 | $133,000 | $138,000 | $145,000 | $152,000 | $159,000 | $167,000 | $1,220,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $130,000 | $32,000 | $32,000 | - | $65,000 | - | - | - | - | - | $259,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | - | $61,000 | - | - | - | - | - | $61,000 |
| operating expense | - | - | - | - | $6,000 | $15,000 | $16,000 | $16,000 | $17,000 | $18,000 | $89,000 |
| mortgage payment | - | - | - | - | $26,000 | $63,000 | $63,000 | $63,000 | $63,000 | $63,000 | $341,000 |
| total expense investment | $130,000 | $32,000 | $32,000 | - | $159,000 | $79,000 | $79,000 | $80,000 | $80,000 | $81,000 | $751,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$57,573 | $48,000 | $55,000 | $89,000 | -$26,208 | $59,000 | $66,000 | $72,000 | $79,000 | $86,000 | $469,000 |
| cumulative roi | $56 | $94 | $123 | $169 | $152 | $163 | $173 | $183 | $192 | $202 | $2,000 |
Bravo Condos
Address: Vaughan, Ontario
Price Range: $484,000 - $1,296,000
Avail. suites: 41
0—3 bd
334—1046 SqFt