List Price
$1,600,000

Why we love it.
This is a fantastic opportunity to take full advantage of the CMHC MLI Select program in one of Toronto’s most desirable pockets. Sitting on a 24x130 lot on Delaware Avenue, just steps from Bickford Park, you’re surrounded by great transit, shops, retail, and some of the best nightlife in the city.
The property can support 7 units as of right — including four 1-bed, 1-bath suites of nearly 600 sq ft each, plus two spacious upper units at ~1,300 sq ft with 3 beds and 2.5 baths. To top it off, you also get a private laneway house — another ~1,300 sq ft, 3-bed, 2.5-bath unit with parking.
For investors, this is the type of project that checks all the boxes: location, scale, and long-term upside. With MLI Select financing in play, the numbers make even more sense — a solid, profitable build in a high-demand neighbourhood.
BY THE NUMBERS
Financial projections.
Monthly Rental Income
$22,750
Yearly Cashflow
$67,640
Capitalization Rate
5.4%
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 - 4.0% rate amortized over 40 years.