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Recommended Purchase Price
$975,000
Lot Size
25 x 128
# of Units
6 + Laneway
Rentable Sqft
5,889
Why we love it.
This South Riverdale multiplex sits on a quality lot in one of Toronto's most stable, affluent rental pockets, with extraordinary transit access anchored by the Queen and Gerrard streetcars and the coming Ontario Line — quiet streets paired with a fast downtown commute.
This 6-plex plus laneway suite pencils to a 6.18% cap rate, $188,272 in annual NOI, and $2,402 in monthly cashflow, building $938,070 in equity on a projected ARV of $4,183,823 — one of the best cap rates we've underwritten all year.
BY THE NUMBERS
Financial projections.
The below financials, costs and cap rate reflect "builder" costs.
For using our turn-key building partner for a truly hands-off buy, design, and build experience contact us for details.
Monthly Rental Income
$20,581
Monthly Expenses + Vacancy
$4,891
Monthly Cashflow
$2,402
Yearly NOI
$188,272
After Renovation Value
$4,183,823
Capitalization Rate
6.18%
Equity Analysis
Project Cost
$2,902,140
Equity Created
$938,070
5 Year Profits
$1,763,851
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