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The Beaches - MLI Select Double Lot 14 Plex

List Price

$2,750,000

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Why we love it.

This is an exceptionally rare opportunity to capitalize on the economies of scale offered by a double lot in the Beaches. Together, 9 and 11 Elmer provide more than 50 feet of frontage and 122 feet of depth—an unmatched footprint in this highly sought-after neighbourhood. With approvals to build 14 units, including two spacious 1,100 sq. ft. garden suites, the project is designed to generate over $42,000 in monthly rental income, combining strong cash flow with long-term equity growth.

BY THE NUMBERS

Financial projections.

Monthly Rental Income

$42,300

Yearly Cashflow

$122,028

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 - 3.7% rate amortized over 40 years.

Equity Post Renovation

$2,191,706

Post Renovation Value

$9,609,706

5 Year Profits

$3,947,222

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