Suite number:
407 - 2D-D
Project:
Address:
Toronto C03, Ontario
Developer:
Block Developments
Property type:
condo
Bathrooms:
2
Bedrooms:
2.5
Size:
823 sqft
Occupancy Date:
Jan 2025
Price, CAD
$1,155,990
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
18.54%
Cumulative Return on Investment in Year 5
88.51%
Property Price at the End of Year 5
$1,489,000
Deposit Schedule
$5,000 at Signing
Total up to 2.5% in 30 days
$28,900
17.5% on Occupancy
$202,298
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 | $60,000 | $63,000 | $67,000 | $70,000 | $74,000 | $77,000 | $81,000 | $86,000 | $90,000 | $95,000 | $763,000 |
| rent income | $24,000 | $30,000 | $31,000 | $33,000 | $34,000 | $35,000 | $37,000 | $39,000 | $40,000 | $42,000 | $345,000 |
| mortgage principal reduction | $12,000 | $15,000 | $16,000 | $17,000 | $18,000 | $19,000 | $19,000 | $20,000 | $21,000 | $22,000 | $180,000 |
| deposit interest | $28 | - | - | - | - | - | - | - | - | - | $28 |
| gst hst rebate | $24,000 | - | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $120,000 | $109,000 | $114,000 | $119,000 | $125,000 | $131,000 | $138,000 | $145,000 | $152,000 | $159,000 | $1,312,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $231,000 | - | - | - | - | - | - | - | - | - | $231,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | $78,000 | - | - | - | - | - | - | - | - | - | $78,000 |
| operating expense | $11,000 | $13,000 | $14,000 | $14,000 | $15,000 | $15,000 | $16,000 | $16,000 | $17,000 | $17,000 | $147,000 |
| mortgage payment | $47,000 | $56,000 | $56,000 | $56,000 | $56,000 | $56,000 | $56,000 | $56,000 | $56,000 | $56,000 | $553,000 |
| total expense investment | $367,000 | $70,000 | $70,000 | $70,000 | $71,000 | $71,000 | $72,000 | $72,000 | $73,000 | $73,000 | $1,009,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$246,610 | $39,000 | $44,000 | $49,000 | $54,000 | $60,000 | $66,000 | $72,000 | $79,000 | $86,000 | $303,000 |
| cumulative roi | $28 | $46 | $62 | $76 | $89 | $101 | $112 | $124 | $135 | $146 | $918 |
Groove Urban Condominiums
Address: Toronto C03, Ontario
Price Range: $782,000 - $1,670,000
Avail. suites: 12
1—3.5 bd
416—1200 SqFt