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Danforth - CMHC MLI Select 8Plex New Build
Recommended Purchase Price
$1,500,000
Lot Size
# of Units
Rentable Sqft

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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