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$1,579,900

Freed Hotel & Residences - 240 Adelaide St W - 2_8a - Toronto, ON, M5H 1W7

MLS® # PB441-2_8A

2.0 Beds

2 Baths

721 sqft

Property Features:

  • Bedrooms: 2.0
  • Bathrooms: 2.0
  • Floor Space (approx): 721

This listing content provided by Brokers PlaybookTM

Potential Investment Performance

Cumulative ROI

110.7%

Cumulative Market Appreciation

$436,497

Net Operating Income in Year 5

$9,584

Cash on Cash Return in Year 5

-1.5%

Assumptions

The information below is based on user inputs and general assumptions for informational purposes only. The outputs are not legal, financial, investment, or other advice. Review all fields for accuracy and consult an agent for guidance.

Mortgage Calculator

Mortgage
Purchase Price
$
Down Payment
%
$315,980
Mortgage Amount $1,263,920
Mortgage Payment
%
$6,557

Cash Flow Calculator

monthly
yearly
Income
Gross Rental Income
Powered By
$
Vacancy Rate
%
$
Other
$
Gross Operating Income $1,757
Operating Expenses
Management Fees
%
$
Property Tax
$
Repair Reserve
%
$
Insurance
$
Condo/Strata Fees
$
Total Operating Expenses $1,183
Net Operating Income $573
Debt Service
Mortgage Payment $6,557
Net Cash Flow -$5,984

Acquistion Costs

Deposit $315,979
Land Transfer Tax $56,146
Legal Fees $1,500
Adjustments $0
Development Charges $15,000
Down Payment Balance $0
Total Acquisition Costs $388,625

Deposit Schedule

With the Offer $10,000
Deposit @ 30 days $68,995
Deposit @ 180 days $78,995
Deposit @ 720 days $39,497
Deposit @ 1200 days $39,497
Due on Occupancy $78,995
Total Deposit $315,979
Closing Date Jan 1, 2030

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Deposits $157,990$39,497 - $39,497$78,995 - - - - -
Closing Costs - - - - $72,646 - - - - -
Mortgage Paydown - - - - $1,603$19,742$20,691$21,685$22,727$23,820
Total $157,990$39,497$0$39,497$153,244$19,742$20,691$21,685$22,727$23,820
Cash Invested $157,990$197,487$197,487$236,984$390,228$409,971$430,662$452,347$475,075$498,896
Rental Cash Flows
Rent and other income - - - - $1,757$21,164$22,074$23,024$24,014$25,046
Operating Expenses - - - - -$1,183-$14,229-$14,558-$14,896-$15,243-$15,599
Mortgage Payment - - - - -$6,557-$78,695-$78,695-$78,695-$78,695-$78,695
Net Cash Flow - - - - -$5,984-$71,759-$71,179-$70,568-$69,924-$69,248
Returns
Property Price Appreciation $78,995$82,944$87,091$91,446$96,018$100,819$105,860$111,153$116,711$122,547
Mortgage Paydown - - - - $1,603$19,742$20,691$21,685$22,727$23,820
Net Cash Flow - - - - -$5,984-$71,759-$71,179-$70,568-$69,924-$69,248
Total Return $78,995$82,944$87,091$91,446$91,638$48,802$55,372$62,271$69,514$77,119
Cumulative Return $78,995$161,939$249,031$340,478$432,116$480,919$536,291$598,563$668,077$745,197
Investment Metrics
Cumulative ROI 50.0% 82.0% 126.1% 143.7% 110.7% 117.3% 124.5% 132.3% 140.6% 149.4%
Cash On Cash - - - - -1.5% -17.5% -16.5% -15.6% -14.7% -13.9%

Location of 2_8a-240 Adelaide St W, Toronto, ON, M5H 1W7

Demographic Information of 2_8a-240 Adelaide St W, Toronto, ON, M5H 1W7

Life Stage

Young Singles

Employment Type

White Collar

Average Household Income

$182,626.52

Average Number of Children

1.36

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

1.57 %

High school certificate or equivalent

11.07 %

Apprenticeship trade certificate/diploma

1.06 %

College/non-university certificate

8.88 %

University certificate (below bachelor)

4.06 %

University Degree

73.36 %

Commuter

Travel To Work

By Car

28.71 %

By Public Transit

20.53 %

By Walking

40.64 %

By Bicycle

3.43 %

By Other Methods

6.69 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

99.58 %

Houses

0.42 %

Own Vs. Rent