top of page

Roncesvalles - CMHC MLI Select 10plex New Build

Recommended Purchase Price

$2,500,000

Lot Size

# of Units

Rentable Sqft

02f70431-3d19-45da-9b15-a6e65da5042e.png

Why we love it.

Situated just steps from Roncesvalles, this 50x120 lot presents an exceptional opportunity for development. The property is ideally suited for severance to construct two fourplexes, each featuring versatile 1,050 sqft units that can be configured as 3-bedroom or 2-bedroom layouts with 2 bathrooms. Additionally, a spacious 1,300 sqft laneway house with 3 bedrooms and 2.5 bathrooms can also be built on each lot. This prime location offers tenants easy access to both the Queen and King streetcars, ensuring excellent connectivity. With strong demand for luxury rentals in the area, this property is a highly attractive investment with significant potential for long-term returns.

BY THE NUMBERS

Financial projections.

Monthly Rental Income

$39,900

Monthly Expenses + Vacancy

Monthly Cashflow

Yearly NOI

After Renovation Value

$7,850,000

Capitalization Rate

6.2%

Equity Analysis

Project Cost

Equity Created

$1,691,000

5 Year Profits

$3,442,000

bottom of page