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Christie Pitts - Triplex Reno + Laneway Build
Recommended Purchase Price
$1,100,000
Lot Size
# of Units
Rentable Sqft

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
Monthly Expenses + Vacancy
Monthly Cashflow
Yearly NOI
After Renovation Value
$2,400,000
Capitalization Rate
6.5%
Equity Analysis
Project Cost
Equity Created
$1,500,000
5 Year Profits
$1,277,000
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