Midtown Toronto Detached Under $900K Detached Near Eglinton And Dufferin
This detached near Eglinton and Dufferin is asking under $900,000 and is fully vacant. With $150,000 in renovations it converts to three units producing $7,000 per month in gross rent. The seller has come down from $1,100,000 over the past year and is now more aligned with the market so we think mid-$800s could be achievable.
Why This Toronto Income Property Works So Well
Rare Price for a Midtown Detached
Detached houses in Toronto rarely trade under $900K. The seller dropped from $1.1M over the past year and is motivated.
The Lift and the Cash Flow
$150K in renos converts this to three units at $7,000/month gross rent and $150K+ in value-add lift.
Vacant, Ready to Go
Fully vacant means no tenant complications and construction starts on closing day.
Garden Suite Potential
The lot allows for a garden suite, which would add a fourth unit – with even higher rental income potential.
🧠 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.
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💵 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.
