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Christie Pitts - Triplex Reno + Laneway Build

List Price

$1,100,000

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Why we love it.

This triplex on Ossington, right by Christie Pits, is full of potential. It’s a classic 2.5-storey home that’s ready for a refresh, with solid bones and a layout that makes sense. The basement and main floor each offer ~650 sq ft 1-bedroom units, while the upper 2nd/3rd floor unit is a spacious 3-bed, 2-bath spread over 1,000 sq ft.

There’s also room to add a 990 sq ft 2-bed, 2-bath laneway house in the back — a big value-add. You're close to major development along Dupont (like Galleria), and just a 10-minute walk to Ossington Station and Bloor. With a straightforward reno and at a strong price point, this one's a great opportunity for long-term upside.

BY THE NUMBERS

Financial projections.

Monthly Rental Income

$12,000

Yearly Cashflow

$60,000

Capitalization Rate

6.5%

This assumes an 80% LTV residential mortgage at 4.25% amortized over 30 years

Equity Post Renovation

$1,500,000

Post Renovation Value

$2,400,000

5 Year Profits

$1,277,000

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