Suite number:
1B-C
Project:
Address:
Burlington, Ontario
Developer:
Latch Developments
Property type:
condo
Floor plan:
Bathrooms:
1
Bedrooms:
1
Size:
488 sqft
Occupancy Date:
Sep 2028
Price, CAD
$399,990
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
22.17%
Cumulative Return on Investment in Year 5
114.28%
Property Price at the End of Year 5
$515,000
Deposit Schedule
$5,000 at Signing
Total up to 5% in 30 days
$20,000
5% in 100 days
$20,000
5% in 259 days
$20,000
5% on Occupancy
$20,000
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 | $21,000 | $22,000 | $23,000 | $24,000 | $25,000 | $27,000 | $28,000 | $30,000 | $31,000 | $33,000 | $264,000 |
| rent income | - | - | - | $9,000 | $12,000 | $12,000 | $13,000 | $13,000 | $14,000 | $15,000 | $87,000 |
| mortgage principal reduction | - | - | - | $4,000 | $5,000 | $5,000 | $6,000 | $6,000 | $6,000 | $6,000 | $38,000 |
| deposit interest | $3,000 | $3,000 | $3,000 | $682 | - | - | - | - | - | - | $10,000 |
| gst hst rebate | - | - | - | $24,000 | - | - | - | - | - | - | $24,000 |
| total income return | $23,000 | $25,000 | $26,000 | $61,000 | $42,000 | $44,000 | $47,000 | $49,000 | $51,000 | $54,000 | $423,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $60,000 | - | - | $20,000 | - | - | - | - | - | - | $80,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | $45,000 | - | - | - | - | - | - | $45,000 |
| operating expense | - | - | - | $4,000 | $5,000 | $5,000 | $5,000 | $6,000 | $6,000 | $6,000 | $37,000 |
| mortgage payment | - | - | - | $15,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $135,000 |
| total expense investment | $60,000 | - | - | $84,000 | $25,000 | $25,000 | $25,000 | $26,000 | $26,000 | $26,000 | $297,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$36,643 | $25,000 | $26,000 | -$22,656 | $17,000 | $19,000 | $21,000 | $23,000 | $26,000 | $28,000 | $126,000 |
| cumulative roi | $39 | $81 | $124 | $102 | $114 | $126 | $137 | $147 | $158 | $169 | $1,000 |
1989 Condos
Address: Burlington, Ontario
Price Range: $392,000 - $1,017,000
Avail. suites: 35
1—3 bd
444—1144 SqFt