Legal Toronto Duplex with $7,500/month Cash Flow Potential – Renovate for Big Returns!
Under $1M: Huge Bargain For Legal Toronto Duplex
Add $60K For Easy Triplex Conversion
Massive Rents Close To $7,500 A Month
Why Do We Love This Opportunity?
Legal Duplex: Already set up as a legal duplex, making it an easy-to-manage rental property with a clear path to increased cash flow.
High Cash Flow Potential: With just $60K in renovations, the property can generate $7,500/month in rental income, creating strong and consistent cash flow.
Private Right of Way: The property offers a private right of way at the back, adding privacy and a potential premium for tenants.
Convenient Location: Just 2 minutes from the streetcar stop, offering easy access to transit for tenants.
Bargain Potential: The property has been sitting on the market for a while, offering a chance to negotiate a better price and increase your return on investment.
How Do You Make Money On An Investment Property?
There are four ways to make money with an investment property:
- Principal Paydown: Gradually Owning More of Your Property
- Cash Flows: Extra Cash in Your Pocket Each Month
- Long-Term Appreciation: A Growing Asset Over Time
- Value-Add Gain: Boosting Your Property’s Worth Through Smart Renovations
Principal Paydown
A part of every mortgage payment goes towards paying down your loan principal (so you owe less to the bank and own more of the investment property).
It’s like part of your rental income from your investment property goes into a forced savings plan that adds up over time, and this part boosts your total investment property returns.
Cash Flows
Cash flow is the extra money you might get each month you get after paying all the property bills and the mortgage.
We like to be smart about it, aiming for at least breaking even (net zero cash flows), so we don’t have to worry about covering monthly property payments (negative cash flows). The more money you make from your investment property, the better your cash flows can be, which can mean better overall real estate investment returns too.
This is the main deal for some real estate investors – those looking for financial freedom and a break from the 9-5 grind often work towards getting big cash flows from their rental properties.
Their goal? To have these real estate investments bring in enough income to eventually replace their day job pay.
Long-Term Appreciation
Over time, real estate tends to appreciate, despite short-term ups and downs.
In Toronto, entering the investment property market can be pricier, typically requiring a minimum of $250,000 of investment capital for a house (for a 20% downpayment and closing costs).
But if real estate investors can afford this, many are drawn to Toronto due to its strong and stable appreciation, averaging around 7% per year over the past two decades.
This consistent growth makes Toronto’s real estate means better returns and lower risk when you want to cash out and take profit.
While good rental income is always important, experienced real estate investors often prioritize better appreciation potential.
Why? When selling, only half of the capital gains are taxed, offering a better tax structure. And when you don’t want to sell your investment property, you can access the gains through mortgage refinancing without facing substantial transaction fees or paying taxes.
What's Happening In Toronto's Real Estate Market?
Value-Add Gain
Adding value to your investment property through renovations is called value-add gain, and it can be quite rewarding.
But here’s the thing – it’s not for everyone. It takes time, effort, and renovation risk.
The amount of value-add gain you get depends on the renovations you choose (aim for maximum return), the people you hire, and how well the project is managed (which gets better with experience).
What Toronto Real Estate Investment Is Right For You?
Check out our complete Toronto real estate investment guide for all the details and real-life examples. If you’re ready to dive in, just book a call with us!
What Do Our Clients Say?
Reena S.April 23, 2025.I had a 30-minute consultation call with Samantha, and I’m so glad I reached out. We’re looking to purchase a property in Toronto with the goal of generating income and long-term appreciation, and Samantha really understood the financial and strategic sides of that equation. She’s incredibly honest, knowledgeable, and clearly experienced when it comes to working with investors. I walked away with valuable insights that will definitely shape our next steps. Highly recommend!L F-HApril 21, 2025.Phil helped me with both a sale and a purchase and he was great with both! I was particularly impressed with his knowledge of the market, his good rapport with other agents (as well as potential buyers/sellers), and with his friendliness and accessibility to me during the whole process.Carlos GoulartApril 21, 2025.Dave was really helpful. He took his time to show me the property wich now my family and I call home. Really attentive during the showing and also with all the requests for be able to rent the unit. Will recommend Dave anytime!! 👌Effie BruntonApril 21, 2025.Working with Laryssa from Elevate was an incredible experience from start to finish. As first-time investment property buyers, we had a lot of questions—and Laryssa was there every step of the way with answers, guidance, and genuine support. She really listened to our needs and respected our budget, while helping us stay focused on our goals. Laryssa’s knowledge of the area was spot-on, and because she’s also an investor herself, she gave us real, practical advice that made a huge difference. She helped us understand what to look for in a solid income property, walked us through renovation budgets, and shared so much of her own experience to make sure we were making smart decisions. One thing we especially appreciated was that she was always available to answer any questions we had—no matter how silly we thought they were. She never made us feel anything but supported and informed, which gave us a lot of confidence as we navigated this new process. We’re so grateful to have had her in our corner and can confidently say we wouldn’t have found this property without her. If you’re looking for someone who truly cares, is incredibly knowledgeable, and brings a personal touch to the process, Laryssa and the Elevate team are who you want by your side. Highly recommend!DGustavo SanzApril 16, 2025.I appreciate the pretty good attention and all the support that Karina and Kate offered to me. thank you so much.Shing LeungApril 7, 2025.Spiro from Elevate helped me purchase my first rental property and the experience has been seamless and highly educational. He and the rest of the Elevate team do a fantastic job of demystifying the whole process and making it accessible to new investors. As an agent, Spiro is very professional and generous--never hesitating in sharing his time, real estate know-how, and his valuable network of contacts. The fact that he and the whole Elevate team are investors add a ton of credibility to their offerings. In a space that's normally driven by sensationalism and hype, Spiro's measured and practical approach is a breath of fresh air.
