Suite number:
1B+D-E PODIUM
Project:
Address:
Burlington, Ontario
Developer:
Latch Developments
Property type:
condo
Floor plan:
Bathrooms:
1
Bedrooms:
1.5
Size:
611 sqft
Occupancy Date:
Sep 2028
Price, CAD
$619,990
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
26.38%
Cumulative Return on Investment in Year 5
127.51%
Property Price at the End of Year 5
$799,000
Deposit Schedule
$5,000 at Signing
Total up to 5% in 30 days
$31,000
5% in 168 days
$31,000
5% in 388 days
$31,000
5% on Occupancy
$31,000
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 | $32,000 | $34,000 | $36,000 | $38,000 | $39,000 | $42,000 | $44,000 | $46,000 | $48,000 | $51,000 | $409,000 |
| rent income | - | - | - | $7,000 | $22,000 | $23,000 | $24,000 | $25,000 | $26,000 | $27,000 | $152,000 |
| mortgage principal reduction | - | - | - | $3,000 | $8,000 | $8,000 | $9,000 | $9,000 | $9,000 | $10,000 | $55,000 |
| deposit interest | $2,000 | $6,000 | $5,000 | $3,000 | - | - | - | - | - | - | $15,000 |
| gst hst rebate | - | - | - | $24,000 | - | - | - | - | - | - | $24,000 |
| total income return | $34,000 | $40,000 | $41,000 | $74,000 | $69,000 | $72,000 | $76,000 | $79,000 | $83,000 | $87,000 | $655,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $62,000 | $31,000 | - | $31,000 | - | - | - | - | - | - | $124,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | $49,000 | - | - | - | - | - | - | $49,000 |
| operating expense | - | - | - | $2,000 | $7,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $50,000 |
| mortgage payment | - | - | - | $10,000 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 | $197,000 |
| total expense investment | $62,000 | $31,000 | - | $93,000 | $38,000 | $39,000 | $39,000 | $39,000 | $39,000 | $39,000 | $420,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$28,045 | $9,000 | $41,000 | -$19,057 | $30,000 | $34,000 | $37,000 | $40,000 | $44,000 | $48,000 | $236,000 |
| cumulative roi | $55 | $79 | $123 | $112 | $128 | $142 | $157 | $171 | $186 | $200 | $1,000 |
1989 Condos
Address: Burlington, Ontario
Price Range: $500,000 - $1,017,000
Avail. suites: 33
1—3 bd
444—1144 SqFt