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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

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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