Trinity Bellwoods - CMHC MLI Select 7plex New Build
List Price
$1,525,000
Why we love it.
This is a rare chance to build a large 7-plex in one of Toronto’s most coveted neighbourhoods — Palmerston Avenue, just steps from Trinity Bellwoods Park. You’re right in the heart of West Queen West, surrounded by some of the city’s best shops, restaurants, and nightlife.
The property is perfectly positioned to take advantage of both the CMHC MLI Select program and Toronto’s new 6-plex zoning rules. The plan allows for 4 spacious one-bed, one-bath units, 2 large two-bed, two-bath units, and a luxurious three-bed, 2.5-bath laneway suite.
It’s a high-demand, high-rent location with huge upside — a rock-solid investment you don’t want to miss.
BY THE NUMBERS
Financial projections.
Monthly Rental Income
$21,400
Yearly Cashflow
$52,900
Capitalization Rate
5.2%
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 - 4.0% rate amortized over 40 years.