Suite number:
1B-D
Project:
Address:
Burlington, Ontario
Developer:
Latch Developments
Property type:
condo
Floor plan:
Bathrooms:
1
Bedrooms:
1
Size:
457 sqft
Occupancy Date:
Sep 2028
Price, CAD
$498,990
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
21.91%
Cumulative Return on Investment in Year 5
109.72%
Property Price at the End of Year 5
$643,000
Deposit Schedule
$5,000 at Signing
Total up to 5% in 30 days
$24,950
5% in 104 days
$24,950
5% in 286 days
$24,950
5% on Occupancy
$24,950
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 | $26,000 | $27,000 | $29,000 | $30,000 | $32,000 | $33,000 | $35,000 | $37,000 | $39,000 | $41,000 | $329,000 |
| rent income | - | - | $891 | $11,000 | $11,000 | $12,000 | $12,000 | $13,000 | $13,000 | $14,000 | $86,000 |
| mortgage principal reduction | - | - | $502 | $6,000 | $6,000 | $7,000 | $7,000 | $7,000 | $8,000 | $8,000 | $51,000 |
| deposit interest | $3,000 | $4,000 | $3,000 | - | - | - | - | - | - | - | $11,000 |
| gst hst rebate | - | - | - | $24,000 | - | - | - | - | - | - | $24,000 |
| total income return | $29,000 | $31,000 | $34,000 | $71,000 | $49,000 | $52,000 | $54,000 | $57,000 | $60,000 | $63,000 | $501,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $75,000 | - | $25,000 | - | - | - | - | - | - | - | $100,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | $47,000 | - | - | - | - | - | - | - | $47,000 |
| operating expense | - | - | $426 | $5,000 | $5,000 | $5,000 | $5,000 | $6,000 | $6,000 | $6,000 | $39,000 |
| mortgage payment | - | - | $2,000 | $25,000 | $25,000 | $25,000 | $25,000 | $25,000 | $25,000 | $25,000 | $177,000 |
| total expense investment | $75,000 | - | $74,000 | $30,000 | $30,000 | $30,000 | $30,000 | $31,000 | $31,000 | $31,000 | $363,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$45,753 | $31,000 | -$40,861 | $41,000 | $19,000 | $22,000 | $24,000 | $27,000 | $29,000 | $32,000 | $138,000 |
| cumulative roi | $39 | $81 | $67 | $99 | $110 | $120 | $130 | $139 | $148 | $157 | $1,000 |
1989 Condos
Address: Burlington, Ontario
Price Range: $392,000 - $1,017,000
Avail. suites: 44
1—3 bd
444—1144 SqFt