Suite number:
1B+D-F PODIUM
Project:
Address:
Burlington, Ontario
Developer:
Latch Developments
Property type:
condo
Bathrooms:
1
Bedrooms:
1.5
Size:
587 sqft
Occupancy Date:
Sep 2028
Price, CAD
$606,999
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
27.33%
Cumulative Return on Investment in Year 5
131.56%
Property Price at the End of Year 5
$782,000
Deposit Schedule
$5,000 at Signing
Total up to 5% in 0 days
$30,350
5% in 0 days
$30,350
5% in 30 days
$30,350
5% on Occupancy
$30,350
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 | $31,000 | $33,000 | $35,000 | $37,000 | $39,000 | $41,000 | $43,000 | $45,000 | $47,000 | $50,000 | $401,000 |
| rent income | - | - | - | $3,000 | $21,000 | $22,000 | $23,000 | $24,000 | $25,000 | $26,000 | $142,000 |
| mortgage principal reduction | - | - | - | $1,000 | $8,000 | $8,000 | $9,000 | $9,000 | $9,000 | $10,000 | $54,000 |
| deposit interest | $2,000 | $5,000 | $5,000 | $4,000 | - | - | - | - | - | - | $16,000 |
| gst hst rebate | - | - | - | $24,000 | - | - | - | - | - | - | $24,000 |
| total income return | $34,000 | $39,000 | $40,000 | $69,000 | $67,000 | $71,000 | $74,000 | $78,000 | $81,000 | $85,000 | $637,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $61,000 | $30,000 | - | $30,000 | - | - | - | - | - | - | $121,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | $48,000 | - | - | - | - | - | - | $48,000 |
| operating expense | - | - | - | $1,000 | $7,000 | $7,000 | $8,000 | $8,000 | $8,000 | $8,000 | $48,000 |
| mortgage payment | - | - | - | $5,000 | $30,000 | $30,000 | $30,000 | $30,000 | $30,000 | $30,000 | $182,000 |
| total expense investment | $61,000 | $30,000 | - | $84,000 | $37,000 | $37,000 | $37,000 | $37,000 | $38,000 | $38,000 | $399,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$27,199 | $8,000 | $40,000 | -$14,749 | $31,000 | $34,000 | $37,000 | $40,000 | $44,000 | $47,000 | $238,000 |
| cumulative roi | $55 | $79 | $123 | $115 | $132 | $147 | $162 | $177 | $192 | $207 | $1,000 |
1989 Condos
Address: Burlington, Ontario
Price Range: $483,000 - $1,016,000
Avail. suites: 32
1—3 bd
444—1144 SqFt