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List Price

$1,300,000

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Why we love it.

This is a prime tear-down opportunity in the heart of Humewood — right at Bathurst and St. Clair. You're steps from the subway, the streetcar, and surrounded by great restaurants, shops, and cafés.

The lot is 25x130 with laneway access and ready for a smart redevelopment: a 4-plex in the main house with four spacious 3-bed, 2-bath units (~1,100 sq ft each), plus a 1,300 sq ft 3-bed, 2.5-bath laneway house. It’s a perfect fit for the CMHC MLI Select program, making it an excellent option for investors looking to add high-demand rental stock in a high-growth area of midtown.

BY THE NUMBERS

Financial projections.

Monthly Rental Income

$19,600

Yearly Cashflow

$36,750

Capitalization Rate

5.31%

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.

Equity Post Renovation

$1,418,000

Post Renovation Value

$4,380,000

5 Year Profits

$1,596,000

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