Suite number:
1B+D-D Podium
Project:
Address:
Burlington, Ontario
Developer:
Latch Developments
Property type:
condo
Floor plan:
Bathrooms:
1
Bedrooms:
1.5
Size:
554 sqft
Occupancy Date:
Sep 2028
Price, CAD
$568,990
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
24.11%
Cumulative Return on Investment in Year 5
119.02%
Property Price at the End of Year 5
$733,000
Deposit Schedule
$5,000 at Signing
Total up to 5% in 30 days
$28,450
5% in 40 days
$28,450
5% in 222 days
$28,450
5% on Occupancy
$28,450
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 | $31,000 | $33,000 | $34,000 | $36,000 | $38,000 | $40,000 | $42,000 | $44,000 | $47,000 | $376,000 |
| rent income | - | - | $2,000 | $19,000 | $20,000 | $21,000 | $22,000 | $23,000 | $24,000 | $25,000 | $156,000 |
| mortgage principal reduction | - | - | $573 | $7,000 | $7,000 | $8,000 | $8,000 | $9,000 | $9,000 | $9,000 | $58,000 |
| deposit interest | $4,000 | $4,000 | $4,000 | - | - | - | - | - | - | - | $12,000 |
| gst hst rebate | - | - | $24,000 | - | - | - | - | - | - | - | $24,000 |
| total income return | $34,000 | $36,000 | $63,000 | $61,000 | $64,000 | $67,000 | $70,000 | $74,000 | $77,000 | $81,000 | $626,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $85,000 | - | $28,000 | - | - | - | - | - | - | - | $114,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | $48,000 | - | - | - | - | - | - | - | $48,000 |
| operating expense | - | - | $558 | $7,000 | $7,000 | $7,000 | $7,000 | $7,000 | $8,000 | $8,000 | $51,000 |
| mortgage payment | - | - | $2,000 | $28,000 | $28,000 | $28,000 | $28,000 | $28,000 | $28,000 | $28,000 | $202,000 |
| total expense investment | $85,000 | - | $80,000 | $35,000 | $35,000 | $36,000 | $36,000 | $36,000 | $36,000 | $36,000 | $415,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$51,652 | $36,000 | -$17,083 | $26,000 | $29,000 | $31,000 | $35,000 | $38,000 | $41,000 | $45,000 | $211,000 |
| cumulative roi | $39 | $81 | $87 | $104 | $119 | $134 | $148 | $162 | $177 | $191 | $1,000 |
1989 Condos
Address: Burlington, Ontario
Price Range: $392,000 - $1,017,000
Avail. suites: 44
1—3 bd
444—1144 SqFt