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Recommended Purchase Price
$1,100,000
Lot Size
25 x 119
# of Units
6 + Garden Suite
Rentable Sqft
5,619
Why we love it.
It's hard to find this combination of entry price and location for a fully detached property. Ideally located between the trendy Dundas West and College strips, it sits less than a minute from the Dufferin bus line — Toronto's busiest route — and the Dundas and College streetcars.
Even on our conservative rental figures, the property delivers excellent returns: a 5.83% cap rate, $2,740 in projected monthly cashflow, and $917,963 in equity created at completion.
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
$19,967
Monthly Expenses + Vacancy
$4,571
Monthly Cashflow
$2,740
Yearly NOI
$184,753
After Renovation Value
$4,105,623
Capitalization Rate
5.83%
Equity Analysis
Project Cost
$3,187,659
Equity Created
$917,963
5 Year Profits
$1,572,046
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