Suite number:
Piazza 593
Project:
Address:
Toronto, Ontario
Developer:
Menkes Developments Ltd.
Property type:
condo
Floor plan:
Bathrooms:
1
Bedrooms:
1.5
Size:
593 sqft
Occupancy Date:
Sep 2028
Price, CAD
$903,990
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
22.66%
Cumulative Return on Investment in Year 5
104.90%
Property Price at the End of Year 5
$1,165,000
Deposit Schedule
$10,000 at Signing
Total up to 5% in 30 days
$45,200
2.5% in 90 days
$22,600
2.5% in 180 days
$22,600
2.5% in 540 days
$22,600
2.5% in 900 days
$22,600
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 | $47,000 | $49,000 | $52,000 | $55,000 | $58,000 | $61,000 | $64,000 | $67,000 | $71,000 | $74,000 | $597,000 |
| rent income | - | - | $2,000 | $21,000 | $22,000 | $23,000 | $24,000 | $25,000 | $26,000 | $27,000 | $167,000 |
| mortgage principal reduction | - | - | $910 | $11,000 | $12,000 | $12,000 | $13,000 | $14,000 | $14,000 | $15,000 | $92,000 |
| deposit interest | -$2,668 | $7,000 | $8,000 | - | - | - | - | - | - | - | $12,000 |
| gst hst rebate | - | - | - | $24,000 | - | - | - | - | - | - | $24,000 |
| total income return | $44,000 | $56,000 | $63,000 | $111,000 | $91,000 | $95,000 | $100,000 | $105,000 | $110,000 | $116,000 | $892,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $90,000 | $23,000 | $68,000 | - | - | - | - | - | - | - | $181,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | $70,000 | - | - | - | - | - | - | - | $70,000 |
| operating expense | - | - | $813 | $10,000 | $10,000 | $10,000 | $10,000 | $11,000 | $11,000 | $11,000 | $74,000 |
| mortgage payment | - | - | $4,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $321,000 |
| total expense investment | $90,000 | $23,000 | $142,000 | $55,000 | $55,000 | $56,000 | $56,000 | $56,000 | $56,000 | $56,000 | $645,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$46,193 | $34,000 | -$79,041 | $56,000 | $36,000 | $40,000 | $44,000 | $49,000 | $54,000 | $59,000 | $247,000 |
| cumulative roi | $52 | $89 | $67 | $92 | $105 | $116 | $127 | $137 | $147 | $157 | $1,000 |
Elektra Condos
Address: Toronto, Ontario
Price Range: $594,000 - $1,271,000
Avail. suites: 17
0—3 bd
375—909 SqFt