Suite number:
1U+D
Project:
Address:
Toronto, Ontario
Developer:
Reserve Properties
Property type:
condo
Floor plan:
Bathrooms:
1
Bedrooms:
1.5
Size:
506 sqft
Occupancy Date:
May 2027
Price, CAD
$893,900
Available
ROI
13,36%
Monthly Expenses
- condo fees— $349
- property taxes— $223
- property management— $91
- repairs and maintenance— $46
Total: $709
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
20.61%
Cumulative Return on Investment in Year 5
95.85%
Property Price at the End of Year 5
$1,152,000
Deposit Schedule
$10,000 at Signing
Total up to 2.5% in 30 days
$22,348
2.5% in 90 days
$22,348
2.5% in 730 days
$22,348
12.5% on Occupancy
$111,738
Net Gain (Loss)
- Net Gain Loss
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Property Price Appreciation
- 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 | $46,000 | $49,000 | $51,000 | $54,000 | $57,000 | $60,000 | $63,000 | $66,000 | $70,000 | $73,000 | $590,000 |
| rent income | - | - | $13,000 | $18,000 | $19,000 | $20,000 | $21,000 | $22,000 | $23,000 | $23,000 | $159,000 |
| mortgage principal reduction | - | - | $8,000 | $11,000 | $12,000 | $13,000 | $13,000 | $14,000 | $14,000 | $15,000 | $101,000 |
| deposit interest | $2,000 | $2,000 | $3,000 | - | - | - | - | - | - | - | $7,000 |
| gst hst rebate | - | - | $24,000 | - | - | - | - | - | - | - | $24,000 |
| total income return | $48,000 | $51,000 | $100,000 | $84,000 | $88,000 | $92,000 | $97,000 | $102,000 | $107,000 | $112,000 | $881,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $45,000 | - | $134,000 | - | - | - | - | - | - | - | $179,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | $69,000 | - | - | - | - | - | - | - | $69,000 |
| operating expense | - | - | $6,000 | $9,000 | $9,000 | $9,000 | $9,000 | $9,000 | $10,000 | $10,000 | $71,000 |
| mortgage payment | - | - | $34,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $347,000 |
| total expense investment | $45,000 | - | $243,000 | $53,000 | $54,000 | $54,000 | $54,000 | $54,000 | $54,000 | $55,000 | $666,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | $4,000 | $51,000 | -$143,487 | $30,000 | $34,000 | $38,000 | $43,000 | $47,000 | $52,000 | $57,000 | $214,000 |
| cumulative roi | $108 | $223 | $70 | $84 | $96 | $107 | $117 | $126 | $136 | $145 | $1,000 |
8 Elm on Yonge
Address: Toronto, Ontario
Price Range: $711,000 - $1,545,000
Avail. suites: 18
0—3.5 bd
292—998 SqFt
Proforma Calculator
80% of Original Price
Options for changing mortgage terms
The rental rate per square foot.