Roncesvalles - CMHC MLI Select 10plex New Build
List Price
$2,500,000

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
Yearly Cashflow
$78,000
Capitalization Rate
6.2%
This assumes a CMHC MLI Select mortgage refinance at the end of construction to pull out all cash and loans invested into the project. Mortgage Terms - 3.7% rate amortized over 40 years.