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Off Market: Junction Double Lot/Sever - 14 Plex
Recommended Purchase Price
$2,575,000
Lot Size
50 x 160
# of Units
14
Rentable Sqft
12,059
Why we love it.
This off-market exclusive is a double lot that can be severed into two multiplexes, for 14 total units. It sits on arguably the most sought-after, tree-lined street in The Junction. Projected rents total $43,936 a month.
The extra-deep 160-foot lot leaves room for premium additional parking. At a 5.95% cap rate, the CMHC-financed build generates $5,242 in monthly cashflow, creates $2,199,301 in equity, and projects $3,883,976 in profit over five years.
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
$43,936
Monthly Expenses + Vacancy
$10,136
Monthly Cashflow
$5,242
Yearly NOI
$405,599
After Renovation Value
$9,013,304
Capitalization Rate
5.95%
Equity Analysis
Project Cost
$6,814,003
Equity Created
$2,199,301
5 Year Profits
$3,883,976
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