Suite number:
1B A Podium
Project:
Address:
Burlington, Ontario
Developer:
Latch Developments
Property type:
condo
Bathrooms:
1
Bedrooms:
1
Size:
444 sqft
Occupancy Date:
Sep 2028
Price, CAD
$482,999
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
42.69%
Cumulative Return on Investment in Year 5
126.85%
Property Price at the End of Year 5
$622,000
Deposit Schedule
$5,000 at Signing
Total up to 5% in 0 days
$24,150
5% in 0 days
$24,150
5% in 30 days
$19,150
5% on Occupancy
$24,150
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 | $25,000 | $26,000 | $28,000 | $29,000 | $31,000 | $32,000 | $34,000 | $36,000 | $38,000 | $40,000 | $319,000 |
| rent income | - | - | - | - | $10,000 | $11,000 | $11,000 | $12,000 | $12,000 | $13,000 | $69,000 |
| mortgage principal reduction | - | - | - | - | $7,000 | $7,000 | $7,000 | $8,000 | $8,000 | $8,000 | $45,000 |
| deposit interest | $1,000 | $4,000 | $4,000 | $4,000 | - | - | - | - | - | - | $13,000 |
| gst hst rebate | - | - | - | - | $24,000 | - | - | - | - | - | $24,000 |
| total income return | $26,000 | $30,000 | $32,000 | $33,000 | $72,000 | $50,000 | $53,000 | $55,000 | $58,000 | $61,000 | $470,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $48,000 | $24,000 | - | $24,000 | - | - | - | - | - | - | $97,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | $45,000 | - | - | - | - | - | - | $45,000 |
| operating expense | - | - | - | - | $5,000 | $5,000 | $5,000 | $5,000 | $6,000 | $6,000 | $32,000 |
| mortgage payment | - | - | - | - | $22,000 | $22,000 | $22,000 | $22,000 | $22,000 | $22,000 | $133,000 |
| total expense investment | $48,000 | $24,000 | - | $69,000 | $27,000 | $27,000 | $27,000 | $28,000 | $28,000 | $28,000 | $307,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$21,817 | $6,000 | $32,000 | -$36,439 | $45,000 | $23,000 | $25,000 | $28,000 | $30,000 | $33,000 | $163,000 |
| cumulative roi | $55 | $79 | $122 | $94 | $127 | $138 | $149 | $160 | $170 | $180 | $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