Suite number:
1B-B
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
$514,990
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
22.07%
Cumulative Return on Investment in Year 5
110.10%
Property Price at the End of Year 5
$663,000
Deposit Schedule
$5,000 at Signing
Total up to 5% in 30 days
$25,750
5% in 104 days
$25,750
5% in 286 days
$25,750
5% on Occupancy
$25,750
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 | $27,000 | $28,000 | $30,000 | $31,000 | $33,000 | $35,000 | $36,000 | $38,000 | $40,000 | $42,000 | $340,000 |
| rent income | - | - | $928 | $11,000 | $12,000 | $12,000 | $13,000 | $13,000 | $14,000 | $14,000 | $90,000 |
| mortgage principal reduction | - | - | $518 | $6,000 | $7,000 | $7,000 | $7,000 | $8,000 | $8,000 | $8,000 | $52,000 |
| deposit interest | $3,000 | $4,000 | $4,000 | - | - | - | - | - | - | - | $11,000 |
| gst hst rebate | - | - | - | $24,000 | - | - | - | - | - | - | $24,000 |
| total income return | $30,000 | $32,000 | $35,000 | $73,000 | $51,000 | $54,000 | $56,000 | $59,000 | $62,000 | $65,000 | $517,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $77,000 | - | $26,000 | - | - | - | - | - | - | - | $103,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | $47,000 | - | - | - | - | - | - | - | $47,000 |
| operating expense | - | - | $443 | $5,000 | $5,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $40,000 |
| mortgage payment | - | - | $2,000 | $26,000 | $26,000 | $26,000 | $26,000 | $26,000 | $26,000 | $26,000 | $183,000 |
| total expense investment | $77,000 | - | $76,000 | $31,000 | $31,000 | $31,000 | $31,000 | $32,000 | $32,000 | $32,000 | $373,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$47,220 | $32,000 | -$40,980 | $42,000 | $20,000 | $22,000 | $25,000 | $28,000 | $30,000 | $33,000 | $144,000 |
| cumulative roi | $39 | $81 | $68 | $99 | $110 | $120 | $130 | $139 | $149 | $158 | $1,000 |
1989 Condos
Address: Burlington, Ontario
Price Range: $392,000 - $1,017,000
Avail. suites: 44
1—3 bd
444—1144 SqFt