Suite number:
PH20 - PENTHOUSE LOFT D
Project:
Address:
Markham, Ontario
Developer:
Remington Homes
Property type:
condo
Floor plan:
Bathrooms:
1.5
Bedrooms:
2
Size:
1168 sqft
Occupancy Date:
Jan 2025
Price, CAD
$1,078,990
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
20.59%
Cumulative Return on Investment in Year 5
98.91%
Property Price at the End of Year 5
$1,390,000
Deposit Schedule
$5,000 at Signing
Total up to 10% in 9999 days
$107,899
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 | $56,000 | $59,000 | $62,000 | $65,000 | $69,000 | $72,000 | $76,000 | $80,000 | $84,000 | $89,000 | $712,000 |
| rent income | $31,000 | $36,000 | $37,000 | $39,000 | $40,000 | $42,000 | $44,000 | $46,000 | $48,000 | $50,000 | $412,000 |
| mortgage principal reduction | $12,000 | $14,000 | $15,000 | $15,000 | $16,000 | $17,000 | $18,000 | $18,000 | $19,000 | $20,000 | $165,000 |
| deposit interest | - | - | - | - | - | - | - | - | - | - | - |
| gst hst rebate | $24,000 | - | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $123,000 | $108,000 | $114,000 | $119,000 | $125,000 | $131,000 | $138,000 | $144,000 | $151,000 | $159,000 | $1,313,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $108,000 | - | - | - | - | - | - | - | - | - | $108,000 |
| remaining balance payment | $108,000 | - | - | - | - | - | - | - | - | - | $108,000 |
| closing cost | $59,000 | - | - | - | - | - | - | - | - | - | $59,000 |
| operating expense | $14,000 | $16,000 | $16,000 | $16,000 | $17,000 | $17,000 | $17,000 | $18,000 | $18,000 | $19,000 | $168,000 |
| mortgage payment | $50,000 | $54,000 | $54,000 | $54,000 | $54,000 | $54,000 | $54,000 | $54,000 | $54,000 | $54,000 | $536,000 |
| total expense investment | $338,000 | $70,000 | $70,000 | $70,000 | $71,000 | $71,000 | $71,000 | $72,000 | $72,000 | $73,000 | $978,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$214,386 | $39,000 | $44,000 | $49,000 | $54,000 | $60,000 | $66,000 | $72,000 | $79,000 | $86,000 | $335,000 |
| cumulative roi | $33 | $52 | $69 | $85 | $99 | $113 | $126 | $139 | $153 | $166 | $1,000 |
Gallery Towers
Address: Markham, Ontario
Price Range: $661,000 - $1,705,000
Avail. suites: 29
1—3 bd
518—2220 SqFt