Dovercourt Village - Option 1 - MLI Select New Build
List Price
$1,500,000

Why we love it.
This detached property on a 25x125 lot in Dovercourt Village is a prime opportunity to leverage the CMHC MLI Select program. With zoning that allows for a brand-new sixplex spanning roughly 5,000 square feet of livable space, the design offers four well-laid-out one-bedroom units on the main and lower levels, along with two impressive two-storey units on the second and third floors, each featuring three bedrooms and two and a half baths.
Adding to the value, the lot also supports a 1,300 square foot laneway house with three bedrooms, two and a half baths, and dedicated parking. The location is outstanding — steps to Ossington Station, Bloor West, and surrounded by some of Toronto’s best restaurants, shops, and everyday amenities, with easy transit access throughout the city.
For an investor, this is a project that combines scale, location, and financing efficiency — a rare chance to create a high-demand rental property in one of Toronto’s most desirable neighbourhoods.
BY THE NUMBERS
Financial projections.
Monthly Rental Income
$22,750
Yearly Cashflow
$67,600
Capitalization Rate
5.4%
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 - 4.0% rate amortized over 40 years.