Dovercourt Village - Option 2 - Triplex Reno + Laneway Build
List Price
$1,500,000

Why we love it.
This is a fantastic opportunity in the heart of Dovercourt Village. Sitting on a 25x125 lot, this three-storey detached property is currently set up as a triplex and is ready for a thoughtful update. The existing layout offers a two-bedroom unit in the basement, another two-bedroom unit on the main floor, and a spacious three-bedroom, two-bath unit spread across the second and third floors.
On top of that, the property allows for the addition of a 1,300 square foot laneway house with three bedrooms and two and a half baths — a major value add. The location couldn’t be better, just steps from Ossington Subway Station, Bloor Street West, and surrounded by some of the best restaurants, shops, and amenities in the city.
For an investor, this property offers both strong rental income potential and long-term upside in a rapidly appreciating neighbourhood.
BY THE NUMBERS
Financial projections.
Monthly Rental Income
$14,600
Yearly Cashflow
$71,800
Capitalization Rate
5.8%
This assumes an 80% LTV residential mortgage at 4.29% amortized over 30 years