ME Condos is a new pre-construction condo development by Lash Group of Companies located at the corner of Markham Rd. and Ellesmere.
ME Condos is going to be a stunning master-planned community consisting of condo suites and town homes. ME Condos will be 3 towers hosting a total of 700 condo units. INVEST IN A BEAUTIFUL NEW COMMUNITY AT THE VERY BEGINNING!
ME Condos is conveniently located just steps from Scarborough Town Centre, TTC, banks, parks and much more.
Contact me to receive the floor plans and price list. BELOW IS AN ESTIMATED CASH FLOW ANALYSIS OF MY FAVORITE INVESTOR SUITE: "TED" ONE bedroom | 384 SQ FT + BALCONY 85 SQ FT Purchase Price: $149,990 Projected Price at Completion (occupancy summer 2018): $182,486 Monthly Rental Income: $1,220 MONTHLY EXPENSES Maintenance Fee (58¢ per SF): $223 Property Tax 1,407 per year): $117 KEYLESS Property Management TM : FREE Hydro: Tenant Pays Down Payment 20.00 %: $29,998 Mortgage Amount: $119,992 Monthly Mortgage Payment: $614.03 119,992 @ 3.00% for 30 Years / 1 year term) Total Monthly Carrying Costs: $954 614 + 117 + 223) TOTAL INCOME Year One Monthly Positive Cash Flow: $263 Monthly Principal Portion of Mortgage Payment: $209 ACTUAL MONTHLY INCOME $473 ANNUAL ROI 18.9% (not including capital appreciation) ROI ON DOWN PAYMENT 108% (If you were to flip/assign) Ryan Coyle