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Bickford Park - Triplex + Laneway Build

List Price

$1,700,000

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Why we love it.

This is a rare investment opportunity — a large, detached existing triplex just steps from Bickford Park and the Bloor subway line. Each of the three units is a well-laid-out 2 bed, 1 bath, with the main and basement units already tenanted, providing immediate cash flow. The vacant upper unit offers a perfect value-add opportunity — a quick ‘lipstick’ renovation can easily push rents to market value. But the real upside? The potential to build a 1300 sq ft laneway house, unlocking even more income and truly maximizing this property’s rental performance. Location, cash flow, and future potential — this one checks all the boxes.

BY THE NUMBERS

Financial projections.

Monthly Rental Income

$13,318

Yearly Cashflow

$50,746

Capitalization Rate

5.75%

This assumes an 80% LTV residential mortgage at 4% amortized over 30 years

Equity Post Renovation

$1,493,470

Post Renovation Value

$2,750,000

5 Year Profits

$1,234,038

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