Suite number:
1B D A Podium
Project:
Address:
Burlington, Ontario
Developer:
Latch Developments
Property type:
condo
Bathrooms:
2
Bedrooms:
1.5
Size:
628 sqft
Occupancy Date:
Sep 2028
Price, CAD
$642,999
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
42.63%
Cumulative Return on Investment in Year 5
135.70%
Property Price at the End of Year 5
$828,000
Deposit Schedule
$5,000 at Signing
Total up to 5% in 0 days
$32,150
5% in 0 days
$32,150
5% in 30 days
$27,150
5% on Occupancy
$32,150
Net Gain (Loss)
Get Expert Advice
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 | $33,000 | $35,000 | $37,000 | $39,000 | $41,000 | $43,000 | $45,000 | $48,000 | $50,000 | $53,000 | $424,000 |
| rent income | - | - | - | - | $22,000 | $23,000 | $24,000 | $25,000 | $26,000 | $27,000 | $147,000 |
| mortgage principal reduction | - | - | - | - | $9,000 | $9,000 | $10,000 | $10,000 | $11,000 | $11,000 | $60,000 |
| deposit interest | $2,000 | $5,000 | $5,000 | $5,000 | - | - | - | - | - | - | $17,000 |
| gst hst rebate | - | - | - | - | $24,000 | - | - | - | - | - | $24,000 |
| total income return | $35,000 | $41,000 | $42,000 | $44,000 | $96,000 | $75,000 | $79,000 | $83,000 | $87,000 | $91,000 | $673,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $64,000 | $32,000 | - | $32,000 | - | - | - | - | - | - | $129,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | $48,000 | - | - | - | - | - | - | $48,000 |
| operating expense | - | - | - | - | $8,000 | $8,000 | $8,000 | $8,000 | $9,000 | $9,000 | $49,000 |
| mortgage payment | - | - | - | - | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 | $177,000 |
| total expense investment | $64,000 | $32,000 | - | $80,000 | $37,000 | $37,000 | $38,000 | $38,000 | $38,000 | $38,000 | $403,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$29,051 | $8,000 | $42,000 | -$36,759 | $59,000 | $38,000 | $42,000 | $45,000 | $49,000 | $53,000 | $270,000 |
| cumulative roi | $55 | $79 | $122 | $101 | $136 | $153 | $170 | $187 | $204 | $221 | $1,000 |
Uptown living is making its mark in Burlington. Introducing 1989 Condos, an exciting opportunity to own a piece of this vibrant neighborhood in the making. Situated at the crossroads of Appleby Line and Upper Middle Road, these modern twin towers are...
Address: Burlington, Ontario
Price Range: $483,000 - $1,016,000
Avail. suites: 42
1—3 bd
444—1144 SqFt