Danforth - CMHC MLI Select 8Plex New Build
List Price
$1,500,000
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
Yearly Cashflow
$43,500
Capitalization Rate
5.9%
This assumes a CMHC MLI Select mortgage refinance at the end of construction to pull out all cash and loans invested into the project. Mortgage Terms - 3.8% rate amortized over 40 years.