598 Lauder Ave
Asking Price: $1,800,000
Welcome to an exceptional turnkey investment opportunity in the up-and-coming Oakwood Village, situated in core Toronto.
This is a fully renovated detached legal triplex, ready to collect rents on day 1. There are 4 hydro meters and 4 gas meters (tenants pay their own utilities) – that’s a few less things to worry about!
Score a great deal on this home by house-hacking to swap out low existing rents. Add in extra bedrooms to further bump up rents. All of this translates into an amazing 5.7% optimized cap rate and over $500 of positive cash flows each month!
Key Insights On This Property
Type
Triplex
Total Rents*
$9,800
Cap Rate*
5.7%
Capital Needed*
$450K
Why We Love This Opportunity!
Amazing Rent Yields!
Very high rental cap rate when you optimize the home with upgrades and market rents vs. 4.8% market cap rate.
Newly Renovated!
The newly renovated space looks amazing, and the best part is you won’t need to do any of the work yourself.
Strong Growth Potential!
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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.
