Suite number:
1B+D-C PODIUM
Project:
Address:
Burlington, Ontario
Developer:
Latch Developments
Property type:
condo
Floor plan:
Bathrooms:
2
Bedrooms:
1.5
Size:
609 sqft
Occupancy Date:
Sep 2028
Price, CAD
$625,990
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
26.40%
Cumulative Return on Investment in Year 5
127.45%
Property Price at the End of Year 5
$806,000
Deposit Schedule
$5,000 at Signing
Total up to 5% in 30 days
$31,300
5% in 168 days
$31,300
5% in 388 days
$31,300
5% on Occupancy
$31,300
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 | $32,000 | $34,000 | $36,000 | $38,000 | $40,000 | $42,000 | $44,000 | $46,000 | $49,000 | $51,000 | $413,000 |
| rent income | - | - | - | $7,000 | $22,000 | $22,000 | $23,000 | $24,000 | $26,000 | $27,000 | $151,000 |
| mortgage principal reduction | - | - | - | $3,000 | $8,000 | $8,000 | $9,000 | $9,000 | $9,000 | $10,000 | $56,000 |
| deposit interest | $2,000 | $6,000 | $5,000 | $3,000 | - | - | - | - | - | - | $16,000 |
| gst hst rebate | - | - | - | $24,000 | - | - | - | - | - | - | $24,000 |
| total income return | $34,000 | $40,000 | $41,000 | $75,000 | $69,000 | $73,000 | $76,000 | $80,000 | $84,000 | $88,000 | $660,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $63,000 | $31,000 | - | $31,000 | - | - | - | - | - | - | $125,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | $49,000 | - | - | - | - | - | - | $49,000 |
| operating expense | - | - | - | $2,000 | $7,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $50,000 |
| mortgage payment | - | - | - | $10,000 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 | $199,000 |
| total expense investment | $63,000 | $31,000 | - | $94,000 | $39,000 | $39,000 | $39,000 | $39,000 | $40,000 | $40,000 | $423,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$28,316 | $9,000 | $41,000 | -$19,185 | $31,000 | $34,000 | $37,000 | $41,000 | $44,000 | $48,000 | $237,000 |
| cumulative roi | $55 | $79 | $123 | $112 | $127 | $142 | $157 | $171 | $185 | $200 | $1,000 |
1989 Condos
Address: Burlington, Ontario
Price Range: $500,000 - $1,017,000
Avail. suites: 33
1—3 bd
444—1144 SqFt