Suite number:
1211
Project:
Address:
Pickering, Ontario
Developer:
Tribute Communities
Property type:
condo
Bathrooms:
2
Bedrooms:
2
Size:
692 sqft
Occupancy Date:
Apr 2028
Price, CAD
$769,000
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
24.91%
Cumulative Return on Investment in Year 5
112.80%
Property Price at the End of Year 5
$991,000
Deposit Schedule
$5,000 at Signing
Total up to 1% in 30 days
$7,690
1% in 60 days
$7,690
1% in 90 days
$7,690
1% in 120 days
$7,690
1% in 150 days
$7,690
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 | $40,000 | $42,000 | $44,000 | $47,000 | $49,000 | $52,000 | $54,000 | $57,000 | $60,000 | $63,000 | $508,000 |
| rent income | - | - | - | $12,000 | $21,000 | $22,000 | $23,000 | $24,000 | $25,000 | $26,000 | $150,000 |
| mortgage principal reduction | - | - | - | $6,000 | $10,000 | $11,000 | $11,000 | $12,000 | $12,000 | $13,000 | $74,000 |
| deposit interest | $2,000 | $2,000 | $2,000 | $716 | - | - | - | - | - | - | $6,000 |
| gst hst rebate | - | - | - | $24,000 | - | - | - | - | - | - | $24,000 |
| total income return | $41,000 | $44,000 | $46,000 | $89,000 | $80,000 | $84,000 | $88,000 | $92,000 | $97,000 | $101,000 | $763,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $38,000 | - | - | $8,000 | - | - | - | - | - | - | $46,000 |
| remaining balance payment | - | - | - | $108,000 | - | - | - | - | - | - | $108,000 |
| closing cost | - | - | - | $51,000 | - | - | - | - | - | - | $51,000 |
| operating expense | - | - | - | $5,000 | $9,000 | $10,000 | $10,000 | $10,000 | $10,000 | $11,000 | $65,000 |
| mortgage payment | - | - | - | $22,000 | $37,000 | $37,000 | $37,000 | $37,000 | $37,000 | $37,000 | $246,000 |
| total expense investment | $38,000 | - | - | $193,000 | $47,000 | $47,000 | $47,000 | $48,000 | $48,000 | $48,000 | $516,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | $3,000 | $44,000 | $46,000 | -$104,511 | $33,000 | $37,000 | $41,000 | $45,000 | $49,000 | $53,000 | $246,000 |
| cumulative roi | $108 | $222 | $343 | $99 | $113 | $126 | $138 | $149 | $160 | $171 | $2,000 |
Vupoint Condos 2
Address: Pickering, Ontario
Price Range: $609,000 - $975,000
Avail. suites: 18
1—3 bd
403—2307 SqFt