Suite number:
1B+D-A
Project:
Address:
Burlington, Ontario
Developer:
Latch Developments
Property type:
condo
Floor plan:
Bathrooms:
2
Bedrooms:
1.5
Size:
628 sqft
Occupancy Date:
Sep 2028
Price, CAD
$643,990
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
24.70%
Cumulative Return on Investment in Year 5
120.18%
Property Price at the End of Year 5
$830,000
Deposit Schedule
$5,000 at Signing
Total up to 5% in 30 days
$32,200
5% in 104 days
$32,200
5% in 286 days
$32,200
5% on Occupancy
$32,200
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 | $33,000 | $35,000 | $37,000 | $39,000 | $41,000 | $43,000 | $45,000 | $48,000 | $50,000 | $53,000 | $425,000 |
| rent income | - | - | $2,000 | $22,000 | $23,000 | $24,000 | $25,000 | $26,000 | $27,000 | $28,000 | $177,000 |
| mortgage principal reduction | - | - | $648 | $8,000 | $8,000 | $9,000 | $9,000 | $10,000 | $10,000 | $11,000 | $65,000 |
| deposit interest | $4,000 | $5,000 | $4,000 | - | - | - | - | - | - | - | $14,000 |
| gst hst rebate | - | - | - | $24,000 | - | - | - | - | - | - | $24,000 |
| total income return | $38,000 | $40,000 | $44,000 | $93,000 | $72,000 | $76,000 | $80,000 | $83,000 | $88,000 | $92,000 | $705,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $97,000 | - | $32,000 | - | - | - | - | - | - | - | $129,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | $50,000 | - | - | - | - | - | - | - | $50,000 |
| operating expense | - | - | $632 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $9,000 | $9,000 | $58,000 |
| mortgage payment | - | - | $3,000 | $32,000 | $32,000 | $32,000 | $32,000 | $32,000 | $32,000 | $32,000 | $228,000 |
| total expense investment | $97,000 | - | $85,000 | $40,000 | $40,000 | $40,000 | $40,000 | $41,000 | $41,000 | $41,000 | $465,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$59,048 | $40,000 | -$41,395 | $53,000 | $32,000 | $36,000 | $39,000 | $43,000 | $47,000 | $51,000 | $240,000 |
| cumulative roi | $39 | $81 | $72 | $104 | $120 | $135 | $150 | $164 | $179 | $194 | $1,000 |
1989 Condos
Address: Burlington, Ontario
Price Range: $392,000 - $1,017,000
Avail. suites: 44
1—3 bd
444—1144 SqFt