Suite number:
PH01W
Address:
Toronto W01, Ontario
Developer:
Mirabella Development Corporation
Property type:
condo
Floor plan:
Bathrooms:
3
Bedrooms:
2.5
Size:
1527 sqft
Occupancy Date:
Jan 2023
Price, CAD
$1,550,000
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
32.12%
Cumulative Return on Investment in Year 5
157.93%
Property Price at the End of Year 5
$1,997,000
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 | $80,000 | $85,000 | $89,000 | $94,000 | $99,000 | $104,000 | $109,000 | $115,000 | $121,000 | $127,000 | $1,023,000 |
| rent income | - | - | - | - | - | - | - | - | - | - | - |
| mortgage principal reduction | $69,000 | $22,000 | $24,000 | $25,000 | $26,000 | $27,000 | $29,000 | $30,000 | $31,000 | $33,000 | $316,000 |
| deposit interest | - | - | - | - | - | - | - | - | - | - | - |
| gst hst rebate | - | - | - | - | - | - | - | - | - | - | - |
| total income return | $150,000 | $107,000 | $113,000 | $119,000 | $125,000 | $131,000 | $138,000 | $145,000 | $152,000 | $160,000 | $1,339,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | - | - | - | - | - | - | - | - | - | - | - |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | - | - | - | - | - | - | - | - |
| operating expense | - | - | - | - | - | - | - | - | - | - | - |
| mortgage payment | $78,000 | $78,000 | $78,000 | $78,000 | $78,000 | $78,000 | $78,000 | $78,000 | $78,000 | $78,000 | $776,000 |
| total expense investment | $78,000 | $78,000 | $78,000 | $78,000 | $78,000 | $78,000 | $78,000 | $78,000 | $78,000 | $78,000 | $776,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | $72,000 | $30,000 | $35,000 | $41,000 | $47,000 | $53,000 | $60,000 | $67,000 | $75,000 | $82,000 | $563,000 |
| cumulative roi | $193 | $166 | $159 | $157 | $158 | $160 | $162 | $165 | $169 | $172 | $2,000 |
Mirabella Luxury Condos - East and West Tower
Address: Toronto W01, Ontario
Price Range: $989,000 - $2,500,000
Avail. suites: 10
1—3 bd
460—1539 SqFt