Suite number:
PH 13 - PENTHOUSE LOFT A
Project:
Address:
Markham, Ontario
Developer:
Remington Homes
Property type:
condo
Floor plan:
Bathrooms:
2.5
Bedrooms:
2
Size:
1218 sqft
Occupancy Date:
Jan 2025
Price, CAD
$1,211,990
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
20.24%
Cumulative Return on Investment in Year 5
96.57%
Property Price at the End of Year 5
$1,561,000
Deposit Schedule
$5,000 at Signing
Total up to 10% in 9999 days
$121,199
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 | $33,000 | $37,000 | $39,000 | $40,000 | $42,000 | $44,000 | $46,000 | $48,000 | $50,000 | $52,000 | $429,000 |
| mortgage principal reduction | $14,000 | $16,000 | $16,000 | $17,000 | $18,000 | $19,000 | $20,000 | $21,000 | $22,000 | $23,000 | $185,000 |
| deposit interest | - | - | - | - | - | - | - | - | - | - | - |
| gst hst rebate | $24,000 | - | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $133,000 | $119,000 | $125,000 | $131,000 | $137,000 | $144,000 | $151,000 | $158,000 | $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 | $61,000 | - | - | - | - | - | - | - | - | - | $61,000 |
| operating expense | $15,000 | $16,000 | $17,000 | $17,000 | $18,000 | $18,000 | $18,000 | $19,000 | $19,000 | $20,000 | $178,000 |
| mortgage payment | $56,000 | $61,000 | $61,000 | $61,000 | $61,000 | $61,000 | $61,000 | $61,000 | $61,000 | $61,000 | $602,000 |
| total expense investment | $374,000 | $77,000 | $78,000 | $78,000 | $78,000 | $79,000 | $79,000 | $80,000 | $80,000 | $81,000 | $1,083,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$240,848 | $42,000 | $47,000 | $53,000 | $59,000 | $65,000 | $72,000 | $79,000 | $86,000 | $94,000 | $355,000 |
| cumulative roi | $32 | $51 | $68 | $83 | $97 | $110 | $122 | $135 | $147 | $160 | $1,000 |
Gallery Towers
Address: Markham, Ontario
Price Range: $661,000 - $1,705,000
Avail. suites: 29
1—3 bd
518—2220 SqFt