Suite number:
106
Project:
Address:
Markham, Ontario
Developer:
Eringate Homes
Property type:
condo
Floor plan:
Bathrooms:
1
Bedrooms:
1
Size:
442 sqft
Occupancy Date:
Mar 2027
Price, CAD
$579,900
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
19.73%
Cumulative Return on Investment in Year 5
92.99%
Property Price at the End of Year 5
$747,000
Deposit Schedule
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 | $30,000 | $32,000 | $33,000 | $35,000 | $37,000 | $39,000 | $41,000 | $43,000 | $45,000 | $48,000 | $383,000 |
| rent income | - | - | $6,000 | $11,000 | $11,000 | $12,000 | $12,000 | $13,000 | $13,000 | $14,000 | $91,000 |
| mortgage principal reduction | - | - | $4,000 | $7,000 | $8,000 | $8,000 | $8,000 | $9,000 | $9,000 | $10,000 | $64,000 |
| deposit interest | - | - | - | - | - | - | - | - | - | - | - |
| gst hst rebate | - | - | $24,000 | - | - | - | - | - | - | - | $24,000 |
| total income return | $30,000 | $32,000 | $68,000 | $53,000 | $56,000 | $58,000 | $61,000 | $64,000 | $68,000 | $71,000 | $561,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | - | - | - | - | - | - | - | - | - | - | - |
| remaining balance payment | - | - | $116,000 | - | - | - | - | - | - | - | $116,000 |
| closing cost | - | - | $49,000 | - | - | - | - | - | - | - | $49,000 |
| operating expense | - | - | $4,000 | $6,000 | $6,000 | $7,000 | $7,000 | $7,000 | $7,000 | $7,000 | $51,000 |
| mortgage payment | - | - | $17,000 | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 | $220,000 |
| total expense investment | - | - | $185,000 | $35,000 | $36,000 | $36,000 | $36,000 | $36,000 | $36,000 | $36,000 | $436,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | $30,000 | $32,000 | -$117,602 | $18,000 | $20,000 | $23,000 | $26,000 | $28,000 | $32,000 | $35,000 | $125,000 |
| cumulative roi | - | - | $70 | $82 | $93 | $103 | $112 | $121 | $129 | $137 | $846 |
46 On Main
Address: Markham, Ontario
Price Range: $503,000 - $1,308,000
Avail. suites: 51
1—3.5 bd
326—1187 SqFt