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Recommended Purchase Price
$975,000
Lot Size
26.5 x 129.5
# of Units
6 + Garden Suite
Rentable Sqft
6,269
Why we love it.
A massive 27 x 130 foot detached lot for under $1 million in Oakwood Village, near excellent transit corridors. At $975,000, the site supports a 6-plex plus a garden suite, delivering 7 rentable units and 6,269 sq ft of space on a wide, deep lot.
The numbers back it up: a 5.95% cap rate, $182,373 in annual NOI, and $2,264 in monthly cashflow, building $985,443 in equity on a projected ARV of $4,052,726, plus a projected $1,662,054 profit over 5 years under CMHC financing.
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
$19,898
Monthly Expenses + Vacancy
$4,700
Monthly Cashflow
$2,264
Yearly NOI
$182,373
After Renovation Value
$4,052,726
Capitalization Rate
5.95%
Equity Analysis
Project Cost
$3,067,283
Equity Created
$985,443
5 Year Profits
$1,662,054
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