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Little Portugal - Triplex + Laneway Build

Recommended Purchase Price

$1,600,000

Lot Size

# of Units

Rentable Sqft

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Why we love it.

This is a great opportunity to pick up a well-maintained triplex in Little Portugal that’s basically ready to go. The main house is in very good condition, and while you could do some light updates, it’s totally rentable as-is—which is perfect for newer investors looking for a low-lift start. Plus, there’s the option to build a 1,300 sq ft laneway house down the line for added rental income and long-term upside.

The location is another big win—close to transit, tons of restaurants, shops, Dufferin Mall, and even Little Italy. This kind of flexibility—rent it now, add value later—is exactly what makes a property like this appealing from both a cash flow and growth perspective.

BY THE NUMBERS

Financial projections.

Monthly Rental Income

$14,800

Monthly Expenses + Vacancy

Monthly Cashflow

Yearly NOI

After Renovation Value

$3,030,000

Capitalization Rate

6.5%

Equity Analysis

Project Cost

Equity Created

$1,775,000

5 Year Profits

$1,560,000

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