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List Price
$1,500,000
Why we love it.
563 Ossington is a standout investment opportunity in the heart of Bickford Park. With the potential to build a 5-unit property and qualify for CMHC’s MLI Select program, this one offers strong financial upside. The home can be easily converted into a 4plex, plus there’s room to add a spacious 1,300 sq ft laneway suite. Surrounded by parks, top-tier restaurants, transit, and local shops, the area commands premium rents—making this a high-demand, high-return project for any serious investor.
BY THE NUMBERS
Financial projections.
Monthly Rental Income
$16,900
Yearly Cashflow
$38,583
Capitalization Rate
6.3%
This assumes a CMHC MLI Select mortgage refinance at the end of construction to pull out all cash and loans invested into the project. Mortgage Terms - 3.8% rate amortized over 40 years.
Equity Post Renovation
$1,285,290
Post Renovation Value
$3,750,000
5 Year Profits
$1,920,000
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