3-Unit Detached Near Eglinton LRT With Positive Cash Flow After a $25K Conversion
Detached house at Rogers and Caledonia, steps from the new Caledonia LRT station. Two units as-is. A straightforward $25,000 kitchen addition on the second floor creates a third unit and meaningfully changes the income profile. Minimal work. No offer date.
After conversion:
- Top floor 1-bed projected rent: $1,700/month
- Main floor 1-bed projected rent: $2,000/month
- Basement 1-bed current rent: $1,500/month (tenanted)
- 3 parking spots at rear
- Garden suite potential (tree to work around)
Why This Toronto Income Property Works So Well
Transit-driven location
Close to the new Caledonia LRT / Proposed Go Station. This is major transit hub with significant development already underway nearby.
Strong positive cash flow
The conversion costs $25,000 and takes about two weeks. Positive cash flow from day one once stabilised.
Low Execution Risk
No major structural work. You’re adding one kitchen and closing off one doorway. The property is move-in ready as-is. Capital goes in, units lease up fast.
Optional Future Upside
Lot may support a garden suite at the rear. Mutual drive already provides rear access. Treat it as upside, not a given.
🧠 See The Numbers For Yourself
Use our interactive calculator to adjust rent, mortgage rate, and capital to see how this fits your plan.
Actual returns may vary depending on assumptions. Read our definitions and assumptions.
Ready to see if this deal actually fits your investment plan?
We’ll help you assess whether it aligns with your goals, capital, and financing capacity, walk you through strategy options, and arrange an in-person tour if it makes sense. If it looks like the right move, we’ll help you act quickly and structure the offer to your advantage.
Fill out the form and we’ll connect to discuss next steps.
💵 How Do You Actually Make Money With a Toronto Investment Property?
Traditional investments like GICs, bonds, and dividend stocks might feel safe, but they typically deliver 3–5% returns — and that’s before inflation takes a bite.
This property delivers 9.5% cash-on-cash return and over 15% income return, driven by strong rents and positive cash flow using leverage. That’s the power real estate has over passive investing.
Instead of waiting for the market to hand you returns, you use rental income and financing to create them. Real estate doesn’t just protect capital — it builds it.
Equity Gains
Every month your tenants pay rent, a portion of that pays down your mortgage. That means your loan shrinks, your ownership grows, and your equity builds—automatically.
It’s like a built-in savings plan, growing quietly in the background while your property works for you.
Monthly Cash Flow
Cash flow is the income left over after all bills and mortgage payments.
Some investors are OK with breakeven returns. But if you’re in it for financial freedom, we aim for strong positive cash flow that puts money in your pocket month after month.
This is your path to replacing your 9-to-5—with rental income instead of a paycheque.
Long-Term Market Appreciation
Toronto real estate values don’t move in a straight line, but they’ve trended up over time—averaging 7% annually over the past 20 years.
That’s why investors with capital choose Toronto over riskier markets:
- ✔️ Stronger appreciation potential
- ✔️ Better mortgage terms
- ✔️ Lower long-term risk
Even better, you can tap that appreciation without selling—just refinance, pull out equity, and reinvest with zero capital gains tax.
This consistent growth makes Toronto’s real estate means better returns and lower risk when you want to cash out and take profit.
What's Happening In Toronto's Real Estate Market?
Value-Add Gain
Want to take it up a notch? Renovations can force up your property’s value fast.
But let’s be real—value-add isn’t passive.
You’ll need:
- Smart reno strategy (focus on what boosts rents)
- A good contractor
- Project management skills
Done right, it can mean tens or even hundreds of thousands in added value.
What Toronto Real Estate Investment Is Right For You?
Whether you want turnkey cash flow or a hands-on value-add project, we’ll show you what fits your goals and budget.
