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Dovercourt - Wallace Emerson — 6 Plex + Laneway

Recommended Purchase Price

$1,150,000

Lot Size

25 x 124

# of Units

6 + Laneway

Rentable Sqft

5,839

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Why we love it.

This detached lot in Dovercourt - Wallace Emerson offers an ideal frontage and depth just steps from the subway station — a rare combination of purchase price, location, and proven rental demand that's hard to find this close to transit.

This 6-plex plus laneway suite pencils to a 5.77% cap rate, $190,307 in annual NOI, and $1,646 in monthly cashflow, building $1,147,004 in equity at completion on a projected ARV of $4,229,042 — a strong return on a sub-$1.2M purchase price.

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

$20,530

Monthly Expenses + Vacancy

$4,671

Monthly Cashflow

$1,646

Yearly NOI

$190,307

After Renovation Value

$4,229,042

Capitalization Rate

5.77%

Equity Analysis

Project Cost

$3,082,038

Equity Created

$1,147,004

5 Year Profits

$1,785,762

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