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Bickford Park - Existing Triplex + Laneway Build

List Price

$1,700,000

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Why we love it.

This is a rare, turn-key, vacant triplex in one of the most desirable pockets of the city—Bickford Park. The main house is a solid 3-storey setup featuring two 2-bed, 1-bath suites and a spacious 3-bed, 2-bath, two-storey unit. Everything’s ready to go, so you can lease it out at market rents right away.

What makes this even better is the laneway potential—you can build up to 1,440 sq ft, which comfortably fits a 3-bed, 2.5-bath suite. You're just steps from Ossington Station, Bloor West, great parks, and a ton of shops and restaurants.

This is an ideal property for both new and experienced investors: strong cash flow from day one, and a clear path to supercharge returns by adding the laneway house. Deals like this don’t come up often in neighborhoods this central and in-demand.

BY THE NUMBERS

Financial projections.

Monthly Rental Income

$14,000

Yearly Cashflow

$56,500

Capitalization Rate

5.9%

This assumes an 80% LTV residential mortgage at 4.1% amortized over 30 years

Equity Post Renovation

$1,664,000

Post Renovation Value

$3,000,000

5 Year Profits

$1,402,000

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