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Christie Pitts - CMHC MLI Select New Build 5Plex

List Price

$1,400,000

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Why we love it.

This is a great opportunity to tear down the existing structure and build something purpose-built from the ground up. The plan here is a 4-plex with 3 bed, 2 bath units around 1,050 sq ft each, plus a 1,300 sq ft laneway suite in the back — all designed to qualify for CMHC MLI Select.

You're steps from Ossington Station and Bloor West, in a neighbourhood that consistently rents well and keeps appreciating. Christie Pits is around the corner, and there’s no shortage of cafés, restaurants, and shops that make it easy to keep units filled.

The location supports the density, the build is clean and efficient, and the financing upside with MLI Select makes the numbers work a lot better than most projects right now.

BY THE NUMBERS

Financial projections.

Monthly Rental Income

$18,800

Yearly Cashflow

$30,200

Capitalization Rate

5.1%

This assumes an 80% LTV residential mortgage at 3.9% amortized over 30 years

Equity Post Renovation

$1,214,000

Post Renovation Value

$4,182,000

5 Year Profits

$1,315,000

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