Palmerston - CMHC MLI Select 7plex - New Build
List Price
$1,425,000

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.