Suite number:
1B+D-B Podium
Project:
Address:
Burlington, Ontario
Developer:
Latch Developments
Property type:
condo
Floor plan:
Bathrooms:
1
Bedrooms:
1.5
Size:
559 sqft
Occupancy Date:
Sep 2028
Price, CAD
$575,990
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
24.99%
Cumulative Return on Investment in Year 5
122.80%
Property Price at the End of Year 5
$742,000
Deposit Schedule
$5,000 at Signing
Total up to 5% in 30 days
$28,800
5% in 100 days
$28,800
5% in 259 days
$28,800
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 | - | - | - | $15,000 | $20,000 | $21,000 | $22,000 | $23,000 | $24,000 | $25,000 | $149,000 |
| mortgage principal reduction | - | - | - | $5,000 | $7,000 | $8,000 | $8,000 | $8,000 | $9,000 | $9,000 | $55,000 |
| deposit interest | $4,000 | $4,000 | $4,000 | $983 | - | - | - | - | - | - | $14,000 |
| gst hst rebate | - | - | - | $24,000 | - | - | - | - | - | - | $24,000 |
| total income return | $34,000 | $36,000 | $38,000 | $80,000 | $64,000 | $67,000 | $71,000 | $74,000 | $78,000 | $81,000 | $622,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $86,000 | - | - | $29,000 | - | - | - | - | - | - | $115,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | $48,000 | - | - | - | - | - | - | $48,000 |
| operating expense | - | - | - | $5,000 | $7,000 | $7,000 | $7,000 | $7,000 | $8,000 | $8,000 | $49,000 |
| mortgage payment | - | - | - | $22,000 | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 | $195,000 |
| total expense investment | $86,000 | - | - | $104,000 | $36,000 | $36,000 | $36,000 | $36,000 | $36,000 | $37,000 | $407,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$52,775 | $36,000 | $38,000 | -$24,207 | $28,000 | $31,000 | $35,000 | $38,000 | $41,000 | $45,000 | $215,000 |
| cumulative roi | $39 | $81 | $124 | $107 | $123 | $137 | $152 | $166 | $180 | $195 | $1,000 |
1989 Condos
Address: Burlington, Ontario
Price Range: $392,000 - $1,017,000
Avail. suites: 35
1—3 bd
444—1144 SqFt