Suite number:
1B D B Podium
Project:
Address:
Burlington, Ontario
Developer:
Latch Developments
Property type:
condo
Bathrooms:
1
Bedrooms:
1.5
Size:
559 sqft
Occupancy Date:
Sep 2028
Price, CAD
$575,999
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
43.19%
Cumulative Return on Investment in Year 5
134.05%
Property Price at the End of Year 5
$742,000
Deposit Schedule
$5,000 at Signing
Total up to 5% in 0 days
$28,800
5% in 0 days
$28,800
5% in 30 days
$23,800
5% on Occupancy
$28,800
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 | $32,000 | $33,000 | $35,000 | $37,000 | $39,000 | $41,000 | $43,000 | $45,000 | $47,000 | $380,000 |
| rent income | - | - | - | - | $20,000 | $20,000 | $21,000 | $22,000 | $23,000 | $24,000 | $131,000 |
| mortgage principal reduction | - | - | - | - | $8,000 | $8,000 | $9,000 | $9,000 | $10,000 | $10,000 | $54,000 |
| deposit interest | $2,000 | $5,000 | $4,000 | $4,000 | - | - | - | - | - | - | $15,000 |
| gst hst rebate | - | - | - | - | $24,000 | - | - | - | - | - | $24,000 |
| total income return | $32,000 | $36,000 | $38,000 | $39,000 | $88,000 | $67,000 | $71,000 | $74,000 | $78,000 | $81,000 | $605,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $58,000 | $29,000 | - | $29,000 | - | - | - | - | - | - | $115,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | $47,000 | - | - | - | - | - | - | $47,000 |
| operating expense | - | - | - | - | $7,000 | $7,000 | $7,000 | $7,000 | $8,000 | $8,000 | $44,000 |
| mortgage payment | - | - | - | - | $26,000 | $26,000 | $26,000 | $26,000 | $26,000 | $26,000 | $158,000 |
| total expense investment | $58,000 | $29,000 | - | $76,000 | $33,000 | $33,000 | $34,000 | $34,000 | $34,000 | $34,000 | $365,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$26,022 | $8,000 | $38,000 | -$36,625 | $55,000 | $34,000 | $37,000 | $40,000 | $44,000 | $47,000 | $240,000 |
| cumulative roi | $55 | $79 | $122 | $99 | $134 | $151 | $168 | $185 | $201 | $218 | $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