213 Chisholm Ave
Asking Price: $999,000
Discover an outstanding investment opportunity in Toronto’s sought-after East York neighbourhood!
This impressive 3-unit detached house is ideally located just a 7-minute walk from the subway station. Not many homes in the core have a private drive and garage … but this one definitely does.
With a wider than average 25-foot frontage, this property holds immense potential for maximum returns through value-add work.
Get a deal on this house with low rents through house hacking – once you move it, you can effectively turn over existing tenants. Once you add in an extra bedroom, you can achieve an impressive cap rates and desirable positive cash flows!
Key Insights On This Property
Type
Detached
Total Rents*
$7,000
Cap Rate*
7.0%
Capital Needed*
$300K
Why We Love This Opportunity!
Amazing Rent Yields!
Turnkey Investment
The units are renovated and tenants, so you can start collecting rents on the first day of ownership.
Strong Growth Potential!
High growth potential being close to new condo developments in an up-and-coming community in core Toronto.
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Financial Projections
*Actual returns may vary depending on assumptions. Feel free to change the numbers around to see how they impact investment returns. Mortgage is based on a 20% downpayment and 30 year amortization. Cap rate is based on optimized rents at market value calculated as purchase price + renovations.
