top of page

Dovercourt Village - Option 2 - Triplex Reno + Laneway Build

Recommended Purchase Price

$1,500,000

Lot Size

# of Units

Rentable Sqft

02f70431-3d19-45da-9b15-a6e65da5042e.png

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

Monthly Expenses + Vacancy

Monthly Cashflow

Yearly NOI

After Renovation Value

$3,004,000

Capitalization Rate

5.8%

Equity Analysis

Project Cost

Equity Created

$1,824,000

5 Year Profits

$1,303,000

bottom of page