Suite number:
307 - 1D-C
Project:
Address:
Toronto C03, Ontario
Developer:
Block Developments
Property type:
condo
Bathrooms:
1
Bedrooms:
1.5
Size:
679 sqft
Occupancy Date:
Jan 2025
Price, CAD
$1,022,990
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
18.14%
Cumulative Return on Investment in Year 5
87.20%
Property Price at the End of Year 5
$1,318,000
Deposit Schedule
$5,000 at Signing
Total up to 2.5% in 30 days
$25,575
17.5% on Occupancy
$179,023
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 | $53,000 | $56,000 | $59,000 | $62,000 | $65,000 | $69,000 | $72,000 | $76,000 | $80,000 | $84,000 | $675,000 |
| rent income | $20,000 | $25,000 | $26,000 | $27,000 | $28,000 | $29,000 | $30,000 | $32,000 | $33,000 | $35,000 | $284,000 |
| mortgage principal reduction | $11,000 | $14,000 | $14,000 | $15,000 | $16,000 | $16,000 | $17,000 | $18,000 | $19,000 | $20,000 | $160,000 |
| deposit interest | $28 | - | - | - | - | - | - | - | - | - | $28 |
| gst hst rebate | $24,000 | - | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $108,000 | $94,000 | $99,000 | $104,000 | $109,000 | $114,000 | $120,000 | $126,000 | $132,000 | $138,000 | $1,143,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $205,000 | - | - | - | - | - | - | - | - | - | $205,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | $73,000 | - | - | - | - | - | - | - | - | - | $73,000 |
| operating expense | $9,000 | $11,000 | $12,000 | $12,000 | $12,000 | $13,000 | $13,000 | $13,000 | $14,000 | $14,000 | $123,000 |
| mortgage payment | $41,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $489,000 |
| total expense investment | $328,000 | $61,000 | $61,000 | $62,000 | $62,000 | $62,000 | $63,000 | $63,000 | $64,000 | $64,000 | $890,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$220,117 | $33,000 | $38,000 | $42,000 | $47,000 | $52,000 | $57,000 | $62,000 | $68,000 | $74,000 | $253,000 |
| cumulative roi | $29 | $46 | $61 | $75 | $87 | $99 | $110 | $121 | $132 | $142 | $902 |
Groove Urban Condominiums
Address: Toronto C03, Ontario
Price Range: $782,000 - $1,670,000
Avail. suites: 12
1—3.5 bd
416—1200 SqFt