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Oakwood Village - CMHC MLI Select New Build 4Plex + Garden Suite

List Price

$849,000

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Why we love it.

Discover the potential of this rare under-$850K lot in the rapidly evolving Oakwood Village neighborhood. Ideal for redevelopment, this property presents a unique opportunity to build a brand-new 4plex, complete with a spacious garden suite—perfectly suited for a CMHC MLI Select project. Plans envision four well-designed 2-bedroom, 2-bathroom units, each approximately 900 sq ft, plus a nearly 1,000 sq ft garden suite in the backyard. With demand growing in this vibrant area, this is a prime chance for investors to create a purpose-built rental tailored to their vision. Whether you're looking to generate strong rental income or build long-term equity, this lot is a blank canvas with immense upside.

BY THE NUMBERS

Financial projections.

Monthly Rental Income

$17,300

Yearly Cashflow

$27,292

Capitalization Rate

5.82%

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 - 3.8% rate amortized over 40 years.

Equity Post Renovation

$1,064,903

Post Renovation Value

$3,800,000

5 Year Profits

$1,697,000

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