654 St Clarens Ave
Asking Price: $799,000
Unlock the potential of this remarkable property, offering a perfect blend of high rental yields, versatile options, and strong growth potential!
By converting this single family home into 3 units (basement plumbing is roughed in already), you get impressive rent yields surpassing market cap rates. There are so many possibilities for this investment like house-hacking, multi-generational living, and a major rent bump when you turn over tenants and get a big rent bump with more units.
Situated in a thriving community next to the Galleria On The Park master-planned community in Toronto, this property presents a prime investment opportunity with great appreciation prospects!
Key Insights On This Property
Type
Semi-Detached
Total Rents*
$6,700
Cap Rate*
7.4%
Capital Needed*
$286K
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.
Blank Canvas Of Options
Tenanted and ready to collect rents on Day 1. It can also be converted into a multiplex for house-hacking, multi-gen living or improved rents.
Strong Growth Potential!
High growth potential being close to the Galleria On The Park master-planned 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.
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