Suite number:
PH 07 (Penthouse Collection)
Project:
Address:
Toronto C09, Ontario
Developer:
Menkes Developments Ltd.
Property type:
condo
Floor plan:
Bathrooms:
1
Bedrooms:
1.5
Size:
683 sqft
Occupancy Date:
Mar 2025
Price, CAD
$1,201,990
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
17.07%
Cumulative Return on Investment in Year 5
81.49%
Property Price at the End of Year 5
$1,549,000
Deposit Schedule
$10,000 at Signing
Total up to 5% in 30 days
$60,100
10% on Occupancy
$120,199
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 | $62,000 | $66,000 | $69,000 | $73,000 | $77,000 | $81,000 | $85,000 | $89,000 | $94,000 | $99,000 | $793,000 |
| rent income | $22,000 | $25,000 | $26,000 | $27,000 | $28,000 | $29,000 | $31,000 | $32,000 | $33,000 | $35,000 | $287,000 |
| mortgage principal reduction | $14,000 | $15,000 | $16,000 | $17,000 | $18,000 | $19,000 | $20,000 | $21,000 | $22,000 | $23,000 | $183,000 |
| deposit interest | - | - | - | - | - | - | - | - | - | - | - |
| gst hst rebate | $24,000 | - | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $122,000 | $106,000 | $111,000 | $117,000 | $123,000 | $129,000 | $135,000 | $142,000 | $149,000 | $156,000 | $1,288,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $180,000 | - | - | - | - | - | - | - | - | - | $180,000 |
| remaining balance payment | $60,000 | - | - | - | - | - | - | - | - | - | $60,000 |
| closing cost | $82,000 | - | - | - | - | - | - | - | - | - | $82,000 |
| operating expense | $12,000 | $13,000 | $14,000 | $14,000 | $14,000 | $15,000 | $15,000 | $15,000 | $16,000 | $16,000 | $143,000 |
| mortgage payment | $55,000 | $60,000 | $60,000 | $60,000 | $60,000 | $60,000 | $60,000 | $60,000 | $60,000 | $60,000 | $597,000 |
| total expense investment | $389,000 | $73,000 | $74,000 | $74,000 | $74,000 | $75,000 | $75,000 | $75,000 | $76,000 | $76,000 | $1,062,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$267,288 | $33,000 | $37,000 | $43,000 | $48,000 | $54,000 | $60,000 | $66,000 | $73,000 | $80,000 | $226,000 |
| cumulative roi | $28 | $44 | $58 | $70 | $81 | $92 | $102 | $111 | $121 | $130 | $837 |
Adagio Condos
Address: Toronto C09, Ontario
Price Range: $688,000 - $1,860,000
Avail. suites: 15
0—3 bd
372—993 SqFt