Suite number:
PH 13 - PENTHOUSE LOFT A
Project:
Address:
Markham, Ontario
Developer:
Remington Homes
Property type:
condo
Bathrooms:
2.5
Bedrooms:
2
Size:
1218 sqft
Occupancy Date:
Jan 2025
$1,211,990
Available
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Investment Period: 5 years
Yearly Return on Investment in Year 5
20.87%
Cumulative Return on Investment in Year 5
99.38%
Property Price at the End of Year 5
$1,561,000
Deposit Schedule
$5,000 at Signing
Total up to 2.5% in 0 days
$30,300
7.5% on Occupancy
$90,899
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 | $63,000 | $66,000 | $70,000 | $73,000 | $77,000 | $81,000 | $85,000 | $90,000 | $95,000 | $99,000 | $800,000 |
rent income | $30,000 | $37,000 | $38,000 | $40,000 | $42,000 | $44,000 | $46,000 | $48,000 | $50,000 | $52,000 | $425,000 |
mortgage principal reduction | $13,000 | $16,000 | $17,000 | $18,000 | $19,000 | $19,000 | $20,000 | $21,000 | $22,000 | $23,000 | $189,000 |
deposit interest | $28 | - | - | - | - | - | - | - | - | - | $28 |
gst hst rebate | $24,000 | - | - | - | - | - | - | - | - | - | $24,000 |
total income return | $130,000 | $119,000 | $125,000 | $131,000 | $138,000 | $144,000 | $151,000 | $159,000 | $166,000 | $174,000 | $1,438,000 |
Expense/ Investment
Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
---|---|---|---|---|---|---|---|---|---|---|---|
deposit | $121,000 | - | - | - | - | - | - | - | - | - | $121,000 |
remaining balance payment | $121,000 | - | - | - | - | - | - | - | - | - | $121,000 |
closing cost | $60,000 | - | - | - | - | - | - | - | - | - | $60,000 |
operating expense | $13,000 | $17,000 | $17,000 | $18,000 | $18,000 | $19,000 | $19,000 | $20,000 | $21,000 | $21,000 | $183,000 |
mortgage payment | $49,000 | $59,000 | $59,000 | $59,000 | $59,000 | $59,000 | $59,000 | $59,000 | $59,000 | $59,000 | $580,000 |
total expense investment | $365,000 | $76,000 | $76,000 | $77,000 | $77,000 | $78,000 | $78,000 | $79,000 | $80,000 | $80,000 | $1,065,000 |
Other
Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
---|---|---|---|---|---|---|---|---|---|---|---|
net gain loss | -$235,138 | $44,000 | $49,000 | $55,000 | $60,000 | $67,000 | $73,000 | $80,000 | $87,000 | $94,000 | $373,000 |
cumulative roi | $32 | $52 | $70 | $85 | $99 | $113 | $126 | $139 | $152 | $165 | $1,000 |
Gallery Towers
Address: Markham, Ontario
Price Range: $661,000 - $1,705,000
Avail. suites: 29
1—3 bd
518—2220 SqFt