Suite number:
1B-B Tower 1
Project:
Address:
Burlington, Ontario
Developer:
Latch Developments
Property type:
condo
Floor plan:
Bathrooms:
1
Bedrooms:
1
Size:
476 sqft
Occupancy Date:
Sep 2028
Price, CAD
$516,990
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
24.19%
Cumulative Return on Investment in Year 5
119.37%
Property Price at the End of Year 5
$666,000
Deposit Schedule
$5,000 at Signing
Total up to 5% in 30 days
$25,850
5% in 168 days
$25,850
5% in 388 days
$25,850
5% on Occupancy
$25,850
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 | $27,000 | $28,000 | $30,000 | $31,000 | $33,000 | $35,000 | $36,000 | $38,000 | $40,000 | $42,000 | $341,000 |
| rent income | - | - | - | $4,000 | $11,000 | $12,000 | $12,000 | $13,000 | $13,000 | $14,000 | $79,000 |
| mortgage principal reduction | - | - | - | $2,000 | $6,000 | $7,000 | $7,000 | $7,000 | $8,000 | $8,000 | $46,000 |
| deposit interest | $2,000 | $5,000 | $4,000 | $2,000 | - | - | - | - | - | - | $13,000 |
| gst hst rebate | - | - | - | $24,000 | - | - | - | - | - | - | $24,000 |
| total income return | $28,000 | $33,000 | $34,000 | $64,000 | $51,000 | $53,000 | $56,000 | $59,000 | $62,000 | $65,000 | $503,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $52,000 | $26,000 | - | $26,000 | - | - | - | - | - | - | $103,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | $47,000 | - | - | - | - | - | - | $47,000 |
| operating expense | - | - | - | $2,000 | $5,000 | $5,000 | $6,000 | $6,000 | $6,000 | $6,000 | $36,000 |
| mortgage payment | - | - | - | $9,000 | $26,000 | $26,000 | $26,000 | $26,000 | $26,000 | $26,000 | $164,000 |
| total expense investment | $52,000 | $26,000 | - | $84,000 | $31,000 | $31,000 | $32,000 | $32,000 | $32,000 | $32,000 | $351,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$23,386 | $7,000 | $34,000 | -$19,993 | $19,000 | $22,000 | $24,000 | $27,000 | $30,000 | $33,000 | $153,000 |
| cumulative roi | $55 | $79 | $123 | $108 | $119 | $129 | $139 | $147 | $156 | $165 | $1,000 |
1989 Condos
Address: Burlington, Ontario
Price Range: $500,000 - $1,017,000
Avail. suites: 33
1—3 bd
444—1144 SqFt