Emily (name changed to protect privacy) has been a Toronto homeowner for a decade, who’s invested any extra money she had in stocks.
Now, with $300,000 equity that she can refinance from her own home, she wanted to diversify her investments and looked into refinancing her home to invest in a rental property.
Despite hearing that Toronto real estate doesn’t cash flow (it’s true for Toronto condos), Emily discovered cash-flowing multiplexes after looking into the new missing-middle initiatives in Toronto.
Intrigued by this, she contacted us for help.
Emily knew what she wanted. She’s not a fan of renovations, and she’s not relying on rental income to support her lifestyle.
Her focus? A diverse portfolio with strong long-term growth, with at least slightly positive cash flows so she doesn’t have to dip into her pocket each month to support it.
The Investment
We scouted multiplex options, and Emily opted for a bigger, renovated semi-detached triplex, just 20 minutes from Downtown Toronto.
Why? The bigger multiplex helped generate better cash flows, and the gentrifying location kept the purchase price lower while giving it strong growth potential.
Here's a breakdown of the investment and monthly financials:
Numbers below are based on our best estimates. Feel free to change the numbers around to see how they impact investment returns.
Goals Achieved With The Toronto Turnkey Triplex
Emily made a few wise moves:
- First, she diversified her investment portfolio to reduce concentration risk.
- Second, she made better use of the equity sitting in her home by investing it.
- Finally, she invested the equity into a Toronto triplex that offers great long-term returns and brings in positive cash flows each month.