Suite number:
488 (West Tower)
Address:
Toronto, Ontario
Developer:
RioCan Living
Property type:
condo
Floor plan:
Bathrooms:
1
Bedrooms:
1
Size:
488 sqft
Occupancy Date:
Sep 2025
Price, CAD
$644,900
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
15.94%
Cumulative Return on Investment in Year 5
79.44%
Property Price at the End of Year 5
$831,000
Deposit Schedule
$10,000 at Signing
Total up to 5% in 30 days
$32,245
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 | $33,000 | $35,000 | $37,000 | $39,000 | $41,000 | $43,000 | $45,000 | $48,000 | $50,000 | $53,000 | $426,000 |
| rent income | $9,000 | $12,000 | $12,000 | $13,000 | $13,000 | $14,000 | $15,000 | $15,000 | $16,000 | $16,000 | $136,000 |
| mortgage principal reduction | $7,000 | $8,000 | $9,000 | $9,000 | $10,000 | $10,000 | $10,000 | $11,000 | $12,000 | $12,000 | $97,000 |
| deposit interest | $37 | - | - | - | - | - | - | - | - | - | $37 |
| gst hst rebate | $24,000 | - | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $74,000 | $55,000 | $58,000 | $61,000 | $64,000 | $67,000 | $70,000 | $74,000 | $78,000 | $81,000 | $683,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $32,000 | - | - | - | - | - | - | - | - | - | $32,000 |
| remaining balance payment | $97,000 | - | - | - | - | - | - | - | - | - | $97,000 |
| closing cost | $59,000 | - | - | - | - | - | - | - | - | - | $59,000 |
| operating expense | $6,000 | $7,000 | $7,000 | $7,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $76,000 |
| mortgage payment | $27,000 | $32,000 | $32,000 | $32,000 | $32,000 | $32,000 | $32,000 | $32,000 | $32,000 | $32,000 | $318,000 |
| total expense investment | $221,000 | $39,000 | $40,000 | $40,000 | $40,000 | $40,000 | $40,000 | $40,000 | $41,000 | $41,000 | $582,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$147,397 | $16,000 | $19,000 | $21,000 | $24,000 | $27,000 | $30,000 | $34,000 | $37,000 | $41,000 | $101,000 |
| cumulative roi | $31 | $45 | $58 | $69 | $79 | $89 | $98 | $106 | $115 | $123 | $814 |
Verge Condos (East and West Tower)
Address: Toronto, Ontario
Price Range: $645,000 - $1,180,000
Avail. suites: 78
1—3 bd
487—972 SqFt