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Palmerston - CMHC MLI Select 7plex - New Build
Recommended Purchase Price
$1,425,000
Lot Size
# of Units
Rentable Sqft

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
Monthly Expenses + Vacancy
Monthly Cashflow
Yearly NOI
After Renovation Value
$4,560,000
Capitalization Rate
5.4%
Equity Analysis
Project Cost
Equity Created
$1,594,028
5 Year Profits
$1,742,000
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