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Danforth - CMHC MLI Select 8Plex New Build

Recommended Purchase Price

$1,500,000

Lot Size

# of Units

Rentable Sqft

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Why we love it.

This is a solid play for anyone looking to build a purpose-built rental and take full advantage of CMHC MLI Select. It’s a 36x122 lot just steps from the Danforth that can be severed into two lots—giving you the opportunity to build two side-by-side 4plexes, for a total of 8 units. Each unit would be a well-sized 825 sq ft 2 bed, 2 bath layout that’s perfect for today’s renters.

What really makes this stand out is the location—you’re just a short walk to Coxwell Station and right near all the shops, restaurants, and energy along the Danforth. This is a rare chance to build scale in a high-demand, transit-connected neighborhood and create something with strong long-term upside.

BY THE NUMBERS

Financial projections.

Monthly Rental Income

$25,600

Monthly Expenses + Vacancy

Monthly Cashflow

Yearly NOI

After Renovation Value

$5,700,000

Capitalization Rate

5.9%

Equity Analysis

Project Cost

Equity Created

$1,644,177

5 Year Profits

$2,530,000

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