Suite number:
1302 - 3D-D
Project:
Address:
Toronto C03, Ontario
Developer:
Block Developments
Property type:
condo
Bathrooms:
2
Bedrooms:
3.5
Size:
1008 sqft
Occupancy Date:
Jan 2025
Price, CAD
$1,368,990
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
18.86%
Cumulative Return on Investment in Year 5
89.28%
Property Price at the End of Year 5
$1,764,000
Deposit Schedule
$5,000 at Signing
Total up to 2.5% in 30 days
$34,225
17.5% on Occupancy
$239,573
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 | $71,000 | $75,000 | $79,000 | $83,000 | $87,000 | $92,000 | $96,000 | $101,000 | $107,000 | $112,000 | $903,000 |
| rent income | $29,000 | $37,000 | $38,000 | $40,000 | $42,000 | $43,000 | $45,000 | $47,000 | $49,000 | $51,000 | $422,000 |
| mortgage principal reduction | $15,000 | $18,000 | $19,000 | $20,000 | $21,000 | $22,000 | $23,000 | $24,000 | $25,000 | $26,000 | $214,000 |
| deposit interest | $28 | - | - | - | - | - | - | - | - | - | $28 |
| gst hst rebate | $24,000 | - | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $139,000 | $130,000 | $136,000 | $143,000 | $150,000 | $157,000 | $165,000 | $173,000 | $181,000 | $190,000 | $1,563,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $274,000 | - | - | - | - | - | - | - | - | - | $274,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | $87,000 | - | - | - | - | - | - | - | - | - | $87,000 |
| operating expense | $13,000 | $16,000 | $17,000 | $17,000 | $18,000 | $18,000 | $19,000 | $19,000 | $20,000 | $21,000 | $178,000 |
| mortgage payment | $55,000 | $67,000 | $67,000 | $67,000 | $67,000 | $67,000 | $67,000 | $67,000 | $67,000 | $67,000 | $655,000 |
| total expense investment | $429,000 | $83,000 | $83,000 | $84,000 | $84,000 | $85,000 | $85,000 | $86,000 | $87,000 | $87,000 | $1,194,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$289,934 | $47,000 | $53,000 | $59,000 | $65,000 | $72,000 | $79,000 | $87,000 | $94,000 | $103,000 | $370,000 |
| cumulative roi | $28 | $46 | $62 | $76 | $89 | $102 | $114 | $125 | $137 | $149 | $927 |
Groove Urban Condominiums
Address: Toronto C03, Ontario
Price Range: $782,000 - $1,670,000
Avail. suites: 12
1—3.5 bd
416—1200 SqFt