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Kensington Market - Triplex Renovation + Laneway Build

List Price

$1,200,000

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Why we love it.

This is a great opportunity to start fresh with a blank canvas in one of Toronto’s most vibrant neighbourhoods. Right in the heart of Kensington Market, you’re steps from transit, shops, restaurants, and cafés — everything a tenant or end-user would want.

The existing semi-detached triplex offers about 900 sq ft per floor, giving you room to design spacious 2 bed, 2 bath units on each level. On top of that, there’s potential to add an 1,100 sq ft laneway house with a parking pad in the back.

It’s definitely not a plug-and-play project, but for the right investor, this could be a very rewarding one — both creatively and financially.

BY THE NUMBERS

Financial projections.

Monthly Rental Income

$14,000

Yearly Cashflow

$80,100

Capitalization Rate

5.8%

This assumes an 80% LTV residential mortgage at 4.1% amortized over 30 years

Equity Post Renovation

$2,070,000

Post Renovation Value

$3,010,000

5 Year Profits

$1,706,000

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