Suite number:
Birkin
Project:
Address:
Toronto C09, Ontario
Developer:
Menkes Developments Ltd.
Property type:
condo
Floor plan:
Bathrooms:
2
Bedrooms:
1.5
Size:
659 sqft
Occupancy Date:
Mar 2025
Price, CAD
$1,066,990
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
17.15%
Cumulative Return on Investment in Year 5
82.42%
Property Price at the End of Year 5
$1,375,000
Deposit Schedule
$10,000 at Signing
Total up to 5% in 30 days
$53,350
10% on Occupancy
$106,699
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 | $55,000 | $58,000 | $61,000 | $65,000 | $68,000 | $71,000 | $75,000 | $79,000 | $83,000 | $88,000 | $704,000 |
| rent income | $21,000 | $24,000 | $25,000 | $26,000 | $27,000 | $28,000 | $30,000 | $31,000 | $32,000 | $33,000 | $277,000 |
| mortgage principal reduction | $12,000 | $14,000 | $14,000 | $15,000 | $16,000 | $17,000 | $17,000 | $18,000 | $19,000 | $20,000 | $163,000 |
| deposit interest | - | - | - | - | - | - | - | - | - | - | - |
| gst hst rebate | $24,000 | - | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $112,000 | $96,000 | $101,000 | $106,000 | $111,000 | $116,000 | $122,000 | $128,000 | $135,000 | $141,000 | $1,168,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $160,000 | - | - | - | - | - | - | - | - | - | $160,000 |
| remaining balance payment | $53,000 | - | - | - | - | - | - | - | - | - | $53,000 |
| closing cost | $76,000 | - | - | - | - | - | - | - | - | - | $76,000 |
| operating expense | $11,000 | $13,000 | $13,000 | $13,000 | $13,000 | $14,000 | $14,000 | $14,000 | $15,000 | $15,000 | $135,000 |
| mortgage payment | $49,000 | $53,000 | $53,000 | $53,000 | $53,000 | $53,000 | $53,000 | $53,000 | $53,000 | $53,000 | $530,000 |
| total expense investment | $350,000 | $66,000 | $66,000 | $67,000 | $67,000 | $67,000 | $67,000 | $68,000 | $68,000 | $68,000 | $955,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$237,308 | $30,000 | $34,000 | $39,000 | $44,000 | $49,000 | $55,000 | $60,000 | $66,000 | $73,000 | $214,000 |
| cumulative roi | $28 | $45 | $59 | $71 | $82 | $93 | $103 | $113 | $123 | $132 | $849 |
Adagio Condos
Address: Toronto C09, Ontario
Price Range: $688,000 - $1,860,000
Avail. suites: 15
0—3 bd
372—993 SqFt