Suite number:
563
Address:
Toronto W08, Ontario
Developer:
RioCan Living
Property type:
condo
Bathrooms:
1
Bedrooms:
1
Size:
563 sqft
Occupancy Date:
Jun 2025
Price, CAD
$739,900
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
17.03%
Cumulative Return on Investment in Year 5
83.16%
Property Price at the End of Year 5
$953,000
Deposit Schedule
$10,000 at Signing
Total up to 5% in 30 days
$36,995
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 | $38,000 | $40,000 | $43,000 | $45,000 | $47,000 | $50,000 | $52,000 | $55,000 | $58,000 | $61,000 | $488,000 |
| rent income | $7,000 | $13,000 | $14,000 | $15,000 | $15,000 | $16,000 | $17,000 | $17,000 | $18,000 | $19,000 | $151,000 |
| mortgage principal reduction | $5,000 | $10,000 | $10,000 | $11,000 | $11,000 | $12,000 | $12,000 | $13,000 | $13,000 | $14,000 | $111,000 |
| deposit interest | $794 | - | - | - | - | - | - | - | - | - | $794 |
| gst hst rebate | $24,000 | - | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $74,000 | $64,000 | $67,000 | $70,000 | $74,000 | $77,000 | $81,000 | $85,000 | $89,000 | $94,000 | $774,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $37,000 | - | - | - | - | - | - | - | - | - | $37,000 |
| remaining balance payment | $111,000 | - | - | - | - | - | - | - | - | - | $111,000 |
| closing cost | $62,000 | - | - | - | - | - | - | - | - | - | $62,000 |
| operating expense | $4,000 | $8,000 | $8,000 | $9,000 | $9,000 | $9,000 | $10,000 | $10,000 | $10,000 | $10,000 | $87,000 |
| mortgage payment | $18,000 | $36,000 | $36,000 | $36,000 | $36,000 | $36,000 | $36,000 | $36,000 | $36,000 | $36,000 | $342,000 |
| total expense investment | $232,000 | $44,000 | $44,000 | $45,000 | $45,000 | $45,000 | $46,000 | $46,000 | $46,000 | $46,000 | $639,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$157,069 | $20,000 | $22,000 | $25,000 | $29,000 | $32,000 | $35,000 | $39,000 | $43,000 | $47,000 | $136,000 |
| cumulative roi | $31 | $47 | $60 | $72 | $83 | $93 | $102 | $111 | $120 | $129 | $849 |
Verge Condos (East and West Tower)
Address: Toronto W08, Ontario
Price Range: $645,000 - $1,180,000
Avail. suites: 72
1—3 bd
487—972 SqFt