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Recommended Purchase Price

$950,000

Lot Size

# of Units

Rentable Sqft

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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

Monthly Expenses + Vacancy

Monthly Cashflow

Yearly NOI

After Renovation Value

$4,075,000

Capitalization Rate

5.5%

Equity Analysis

Project Cost

Equity Created

$1,403,000

5 Year Profits

$1,615,000

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