Suite number:
1B+D-B Tower 1
Project:
Address:
Burlington, Ontario
Developer:
Latch Developments
Property type:
condo
Bathrooms:
1
Bedrooms:
1.5
Size:
559 sqft
Occupancy Date:
Sep 2028
Price, CAD
$581,999
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
27.07%
Cumulative Return on Investment in Year 5
130.91%
Property Price at the End of Year 5
$750,000
Deposit Schedule
$5,000 at Signing
Total up to 5% in 0 days
$29,100
5% in 0 days
$29,100
5% in 30 days
$29,100
5% on Occupancy
$29,100
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 | $30,000 | $32,000 | $33,000 | $35,000 | $37,000 | $39,000 | $41,000 | $43,000 | $45,000 | $48,000 | $384,000 |
| rent income | - | - | - | $3,000 | $20,000 | $21,000 | $21,000 | $22,000 | $23,000 | $24,000 | $135,000 |
| mortgage principal reduction | - | - | - | $1,000 | $8,000 | $8,000 | $8,000 | $9,000 | $9,000 | $9,000 | $52,000 |
| deposit interest | $2,000 | $5,000 | $5,000 | $4,000 | - | - | - | - | - | - | $15,000 |
| gst hst rebate | - | - | - | $24,000 | - | - | - | - | - | - | $24,000 |
| total income return | $32,000 | $37,000 | $38,000 | $67,000 | $64,000 | $68,000 | $71,000 | $74,000 | $78,000 | $82,000 | $611,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $58,000 | $29,000 | - | $29,000 | - | - | - | - | - | - | $116,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | $47,000 | - | - | - | - | - | - | $47,000 |
| operating expense | - | - | - | $1,000 | $7,000 | $7,000 | $7,000 | $7,000 | $8,000 | $8,000 | $45,000 |
| mortgage payment | - | - | - | $5,000 | $28,000 | $28,000 | $28,000 | $28,000 | $28,000 | $28,000 | $175,000 |
| total expense investment | $58,000 | $29,000 | - | $82,000 | $35,000 | $35,000 | $36,000 | $36,000 | $36,000 | $36,000 | $384,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$26,078 | $8,000 | $38,000 | -$14,631 | $29,000 | $32,000 | $35,000 | $38,000 | $42,000 | $45,000 | $227,000 |
| cumulative roi | $55 | $79 | $123 | $115 | $131 | $146 | $161 | $176 | $190 | $205 | $1,000 |
1989 Condos
Address: Burlington, Ontario
Price Range: $483,000 - $1,016,000
Avail. suites: 32
1—3 bd
444—1144 SqFt