Roncesvalles - CMHC MLI Select 5plex New Build
List Price
$1,300,000

Why we love it.
This is a rare chance to own a massive 25x148 lot in one of Toronto’s most desirable neighbourhoods—Roncesvalles. For me, the best move here is to tear down the existing structure and build a brand new 3-storey 4plex with spacious 1,100 sq ft 3 bed, 2 bath units, plus a 1,300 sq ft garden suite in the backyard. With CMHC MLI Select, it’s a perfect setup to create a high-performing rental property.
The location is a huge draw—you’re just steps from both the Queen and King streetcars, and right near all the great shops, cafés, and restaurants on Roncy. And the view? You should be able to see the lake from the top floor. This is the kind of project that’s exciting from both a design and investment perspective.
BY THE NUMBERS
Financial projections.
Monthly Rental Income
$20,000
Yearly Cashflow
$45,479
Capitalization Rate
5.5%
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 - 3.8% rate amortized over 40 years.