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Palmerston - CMHC MLI Select 7plex - New Build

List Price

$1,425,000

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Why we love it.

This is a prime redevelopment opportunity on Dovercourt, just steps from Bloor and Ossington Station. Perfect for a CMHC MLI Select project, you can build 6 units in the main house — 4 one-bedroom units plus 2 spacious two-bed, two-bath units — all as of right.

The laneway house adds even more value, offering a large two-bed, two-bath layout. The location couldn’t be better: surrounded by retail, transit, shopping, and restaurants, in one of the most desirable pockets of the city. It’s a ready-to-go project in a high-demand area with strong long-term upside.

BY THE NUMBERS

Financial projections.

Monthly Rental Income

$20,600

Yearly Cashflow

$44,000

Capitalization Rate

5.4%

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 - 4.0% rate amortized over 40 years.

Equity Post Renovation

$1,594,028

Post Renovation Value

$4,560,000

5 Year Profits

$1,742,000

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