This property checks so many boxes for a solid MLI Select investment. It's right in the heart of Little Italy—an area with strong rental demand and long-term growth. The main house is currently a triplex, but with a smart conversion, it can easily become a 4plex: three 850 sq ft 2-bed units and a 500 sq ft 1-bed with its own rooftop terrace. On top of that, there’s room to build a 1,200 sq ft laneway house, which adds serious value and density.

What really makes this exciting is the flexibility—it’s a blank slate with huge upside for someone ready to renovate and maximize the potential. For a first MLI Select project, this is exactly the kind of setup I look for: great location, solid bones, and a clear path to adding significant value.