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
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Investment Period: 5 years
Yearly Return on Investment in Year 5
25.42%
Cumulative Return on Investment in Year 5
123.83%
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 100 days
$31,300
5% in 259 days
$31,300
5% on Occupancy
$31,300
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 | $32,000 | $34,000 | $36,000 | $38,000 | $40,000 | $42,000 | $44,000 | $46,000 | $49,000 | $51,000 | $413,000 |
| rent income | - | - | - | $16,000 | $22,000 | $23,000 | $24,000 | $25,000 | $26,000 | $27,000 | $163,000 |
| mortgage principal reduction | - | - | - | $6,000 | $8,000 | $8,000 | $9,000 | $9,000 | $10,000 | $10,000 | $60,000 |
| deposit interest | $4,000 | $5,000 | $5,000 | $1,000 | - | - | - | - | - | - | $15,000 |
| gst hst rebate | - | - | - | $24,000 | - | - | - | - | - | - | $24,000 |
| total income return | $37,000 | $39,000 | $41,000 | $85,000 | $70,000 | $73,000 | $77,000 | $81,000 | $84,000 | $89,000 | $675,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $94,000 | - | - | $31,000 | - | - | - | - | - | - | $125,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | $49,000 | - | - | - | - | - | - | $49,000 |
| operating expense | - | - | - | $6,000 | $7,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $53,000 |
| mortgage payment | - | - | - | $24,000 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 | $212,000 |
| total expense investment | $94,000 | - | - | $110,000 | $39,000 | $39,000 | $39,000 | $39,000 | $40,000 | $40,000 | $440,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$57,358 | $39,000 | $41,000 | -$25,153 | $31,000 | $34,000 | $38,000 | $41,000 | $45,000 | $49,000 | $235,000 |
| cumulative roi | $39 | $81 | $124 | $108 | $124 | $139 | $153 | $167 | $182 | $197 | $1,000 |
1989 Condos
Address: Burlington, Ontario
Price Range: $392,000 - $1,017,000
Avail. suites: 35
1—3 bd
444—1144 SqFt