Suite number:
1B-B Tower
Project:
Address:
Burlington, Ontario
Developer:
Latch Developments
Property type:
condo
Floor plan:
Bathrooms:
1
Bedrooms:
1
Size:
476 sqft
Occupancy Date:
Sep 2028
Price, CAD
$391,990
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
22.04%
Cumulative Return on Investment in Year 5
113.93%
Property Price at the End of Year 5
$505,000
Deposit Schedule
$5,000 at Signing
Total up to 5% in 30 days
$19,600
5% in 100 days
$19,600
5% in 259 days
$19,600
5% on Occupancy
$19,600
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 | $20,000 | $21,000 | $23,000 | $24,000 | $25,000 | $26,000 | $28,000 | $29,000 | $31,000 | $32,000 | $259,000 |
| rent income | - | - | - | $8,000 | $11,000 | $12,000 | $13,000 | $13,000 | $14,000 | $14,000 | $85,000 |
| 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 | $669 | - | - | - | - | - | - | $9,000 |
| gst hst rebate | - | - | - | $24,000 | - | - | - | - | - | - | $24,000 |
| total income return | $23,000 | $24,000 | $26,000 | $60,000 | $41,000 | $44,000 | $46,000 | $48,000 | $50,000 | $53,000 | $415,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $59,000 | - | - | $20,000 | - | - | - | - | - | - | $78,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | $45,000 | - | - | - | - | - | - | $45,000 |
| operating expense | - | - | - | $4,000 | $5,000 | $5,000 | $5,000 | $5,000 | $6,000 | $6,000 | $36,000 |
| mortgage payment | - | - | - | $15,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $133,000 |
| total expense investment | $59,000 | - | - | $83,000 | $25,000 | $25,000 | $25,000 | $25,000 | $25,000 | $25,000 | $291,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$35,910 | $24,000 | $26,000 | -$22,528 | $17,000 | $19,000 | $21,000 | $23,000 | $25,000 | $27,000 | $123,000 |
| cumulative roi | $39 | $81 | $124 | $102 | $114 | $125 | $136 | $147 | $158 | $168 | $1,000 |
1989 Condos
Address: Burlington, Ontario
Price Range: $392,000 - $1,017,000
Avail. suites: 35
1—3 bd
444—1144 SqFt