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$516,990

1.0 Beds

1 Bath

476 sqft

1989 Condos - 1b_b_tower_1
1989 Appleby Line

Burlington ON, L7L 6K3

MLS® # PB1171-1B_B_TOWER_1
1b_B_Tower_1 - 1989 Condos by Latch Developments

Property Features:

  • Bedrooms: 1.0
  • Bathrooms: 1.0
  • Floor Space (approx): 476

This listing content provided by Brokers PlaybookTM

Potential Investment Performance

Cumulative ROI

88.9%

Cumulative Market Appreciation

$142,834

Net Operating Income in Year 5

$7,425

Cash on Cash Return in Year 5

-14.4%

Assumptions

The information below is based on user inputs and general assumptions for informational purposes only. The outputs are not legal, financial, investment, or other advice. Review all fields for accuracy and consult an agent for guidance.

Mortgage Calculator

Mortgage
Purchase Price
$
Down Payment
%
$103,398
Mortgage Amount $413,592
Mortgage Payment
%
$2,145

Cash Flow Calculator

monthly
yearly
Income
Gross Rental Income
Powered By
$
Vacancy Rate
%
$
Other
$
Gross Operating Income $928
Operating Expenses
Management Fees
%
$
Property Tax
$
Repair Reserve
%
$
Insurance
$
Condo/Strata Fees
$
Total Operating Expenses $443
Net Operating Income $485
Debt Service
Mortgage Payment $2,145
Net Cash Flow -$1,660

Acquistion Costs

Deposit $103,396
Land Transfer Tax $6,814
Legal Fees $1,500
Adjustments $0
Development Charges $15,000
Down Payment Balance $2
Total Acquisition Costs $126,712

Deposit Schedule

With the Offer $5,000
Deposit @ 30 days $20,849
Deposit @ 0 days $25,849
Deposit @ 0 days $25,849
Due on Occupancy $25,849
Total Deposit $103,396
Closing Date Sep 1, 2028

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Deposits $77,547 - - $25,849 - - - - - -
Closing Costs - - - $23,316 - - - - - -
Mortgage Paydown - - - $3,717$6,613$6,931$7,264$7,613$7,979$8,363
Total $77,547$0$0$52,882$6,613$6,931$7,264$7,613$7,979$8,363
Cash Invested $77,547$77,547$77,547$130,429$137,042$143,974$151,239$158,852$166,832$175,196
Rental Cash Flows
Rent and other income - - - $6,497$11,417$11,908$12,420$12,954$13,511$14,093
Operating Expenses - - - -$3,102-$5,393-$5,525-$5,661-$5,801-$5,944-$6,092
Mortgage Payment - - - -$15,021-$25,751-$25,751-$25,751-$25,751-$25,751-$25,751
Net Cash Flow - - - -$11,626-$19,727-$19,368-$18,992-$18,597-$18,184-$17,750
Returns
Property Price Appreciation $25,849$27,141$28,499$29,924$31,420$32,991$34,640$36,372$38,191$40,101
Mortgage Paydown - - - $3,717$6,613$6,931$7,264$7,613$7,979$8,363
Net Cash Flow - - - -$11,626-$19,727-$19,368-$18,992-$18,597-$18,184-$17,750
Total Return $25,849$27,141$28,499$22,014$18,306$20,554$22,913$25,388$27,987$30,713
Cumulative Return $25,849$52,991$81,490$103,505$121,811$142,365$165,278$190,667$218,654$249,368
Investment Metrics
Cumulative ROI 33.3% 68.3% 105.1% 79.4% 88.9% 98.9% 109.3% 120.0% 131.1% 142.3%
Cash On Cash - - - -8.9% -14.4% -13.5% -12.6% -11.7% -10.9% -10.1%

Location of 1b_b_tower_1-1989 Appleby Line, Burlington, ON, L7L 6K3

Demographic Information of 1b_b_tower_1-1989 Appleby Line, Burlington, ON, L7L 6K3

Life Stage

Young Families

Employment Type

Mixed

Average Household Income

$148,644.18

Average Number of Children

1.64

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

9.42 %

High school certificate or equivalent

28.87 %

Apprenticeship trade certificate/diploma

3.61 %

College/non-university certificate

21.09 %

University certificate (below bachelor)

4.49 %

University Degree

32.52 %

Commuter

Travel To Work

By Car

87.23 %

By Public Transit

6.18 %

By Walking

1.38 %

By Bicycle

0.09 %

By Other Methods

5.12 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

41.3 %

Houses

58.7 %

Own Vs. Rent