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Recommended Purchase Price
$950,000
Lot Size
25 x 128
# of Units
6 + Laneway
Rentable Sqft
5,939
Why we love it.
Rare opportunity to purchase an ideal detached lot in one of Toronto's fastest-growing premium rental neighbourhoods. Geary Avenue and Dupont Street have seen some of the highest concentrations of new restaurants and luxury developments, including Galeria on the Park and The Dupont by Tridel.
This 6-plex plus laneway suite pencils to a 6.09% cap rate, $188,113 in annual NOI, and $2,357 in monthly cashflow, building $1,292,091 in equity at completion on a projected ARV of $4,180,284.
BY THE NUMBERS
Financial projections.
The below financials, costs and cap rate reflect "builder" costs.
For using our turn-key building partner for a truly hands-off buy, design, and build experience contact us for details.
Monthly Rental Income
$20,350
Monthly Expenses + Vacancy
$4,674
Monthly Cashflow
$2,357
Yearly NOI
$188,113
After Renovation Value
$4,180,284
Capitalization Rate
6.09%
Equity Analysis
Project Cost
$2,888,193
Equity Created
$1,292,091
5 Year Profits
$1,955,943
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