Suite number:
PH06W
Address:
Toronto W01, Ontario
Developer:
Mirabella Development Corporation
Property type:
condo
Floor plan:
Bathrooms:
3
Bedrooms:
2.5
Size:
1539 sqft
Occupancy Date:
Jan 2023
Price, CAD
$1,798,000
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
32.22%
Cumulative Return on Investment in Year 5
160.23%
Property Price at the End of Year 5
$2,316,000
Deposit Schedule
$10 at Signing
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 | $93,000 | $98,000 | $103,000 | $109,000 | $114,000 | $120,000 | $127,000 | $133,000 | $140,000 | $148,000 | $1,187,000 |
| rent income | - | - | - | - | - | - | - | - | - | - | - |
| mortgage principal reduction | $89,000 | $27,000 | $28,000 | $29,000 | $31,000 | $32,000 | $34,000 | $35,000 | $37,000 | $39,000 | $380,000 |
| deposit interest | - | - | - | - | - | - | - | - | - | - | - |
| gst hst rebate | - | - | - | - | - | - | - | - | - | - | - |
| total income return | $182,000 | $125,000 | $131,000 | $138,000 | $145,000 | $153,000 | $160,000 | $169,000 | $177,000 | $186,000 | $1,566,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | - | - | - | - | - | - | - | - | - | - | - |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | - | - | - | - | - | - | - | - |
| operating expense | - | - | - | - | - | - | - | - | - | - | - |
| mortgage payment | $90,000 | $90,000 | $90,000 | $90,000 | $90,000 | $90,000 | $90,000 | $90,000 | $90,000 | $90,000 | $900,000 |
| total expense investment | $90,000 | $90,000 | $90,000 | $90,000 | $90,000 | $90,000 | $90,000 | $90,000 | $90,000 | $90,000 | $900,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | $92,000 | $35,000 | $41,000 | $48,000 | $55,000 | $62,000 | $70,000 | $79,000 | $87,000 | $96,000 | $666,000 |
| cumulative roi | $202 | $170 | $162 | $160 | $160 | $162 | $164 | $167 | $170 | $174 | $2,000 |
Mirabella Luxury Condos - East and West Tower
Address: Toronto W01, Ontario
Price Range: $899,000 - $2,500,000
Avail. suites: 8
1—3 bd
460—1539 SqFt