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List Price

$950,000

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Why we love it.

Here’s a great chance to take on a CMHC MLI Select project right in the heart of Pape Village. The property is steps from the upcoming Ontario Line station at Pape and Cosburn, with lots of great local spots—cafes, restaurants, and a strong neighbourhood feel.

This is a tear-down lot on a 25x150 foot piece of land, making it a solid fit for a 4-unit build in the main house (each planned as 3 beds, 2 baths) plus a 1,300 sq ft garden suite in the back.

Finding something under $1M in Toronto—especially with this lot size and location—isn’t easy. This one has strong potential for the right builder or investor.

BY THE NUMBERS

Financial projections.

Monthly Rental Income

$18,200

Yearly Cashflow

$38,400

Capitalization Rate

5.5%

Mortgage is a CMHC MLI Select loan at 4.0% amortized over 40 years

Equity Post Renovation

$1,403,000

Post Renovation Value

$4,075,000

5 Year Profits

$1,615,000

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