This is for educational purposes only; it does not guarantee future performance or serve as financial or tax advice.
Why Toronto Multiplexes Are Outperforming in 2025
The days of passive investing are gone—at least if you’re looking for solid cash flow in Toronto.
In 2025, turnkey multiplexes are quietly delivering some of the best income returns we’ve seen in years, and most people don’t even realize it.
The New Math: 17%+ Income Returns Without Lifting a Hammer
A $1.05M legal triplex in Toronto right now can pull in $7,400/month in rent. After expenses and mortgage, that’s around $2,300 in monthly cash flow.
With 20% down, your first-year cash-on-cash return is 11%. Add in principal paydown, and your total income return jumps to 17.3%—and that’s with zero renovations.
Why These Returns Beat GICs, Bonds, and Stocks
Most “safe” investments like GICs and bonds are stuck at 3–5%. Even dividend stocks rarely top 4%. Multiplexes win here because:
- You’re earning income on the full property value—not just your down payment.
- Rents cover your mortgage, which builds equity.
- You keep all the upside if the market recovers.
Prices Are Down, But Freeholds Are Holding
Yes, Toronto prices fell sharply in 2022—but they’ve held steady since.
Freeholds in good neighbourhoods aren’t dropping like condos. Sellers aren’t distressed, and high construction costs are putting a floor under resale prices.
Rates Are Down. Zoning Just Got Easier.
Interest rates have already dropped, and we’re expecting more cuts this year.
On top of that, the city just passed major zoning changes. Think sixplexes, fewer permits, and lower development charges. It’s never been easier—or more profitable—to invest in low-rise housing.
Example Deal: What It Looks Like in Real Life
Here’s what one of our real deals looks like:
- Purchase Price: $1,049,000
- Capital Needed: ~$250,000
- Monthly Rent: $7,400
- Monthly Cash Flow: ~$2,300
- Annual Cash-on-Cash Return: 11%
- Total Year One Income Return: 17.3%
No renos. Vacant possession. Tenants paying rent day one.
Unlike typical stock market investing, Toronto real estate uses leverage to your advantage. Your mortgage covers 80%, but your rental income pays off the debt—and puts money in your pocket. That’s how income returns end up so high.
Ready to Get Started?
We’re a real estate brokerage that works with investors across Toronto. Whether you’re looking for a hands-off turnkey triplex or a project with upside, we’ll help you:
- Shortlist the best deals
- Break down the numbers
- Guide you from offer to lease-up
Want to see what’s possible for you? Book a strategy session with us here.
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!
Amy BarbosaAugust 1, 2025.David is the pure form of a professional, he takes his time and works for both sides, when most people only work for the obligation, the client. I could tell the landlord has had excellent success with him as he was able to make the transaction so smooth. Every "t" crossed and every "i" dotted. As only a tenant, I would recommend David to homeowner friends and tenants alike. David, thank you and all the best to you always. I would say hope to work together soon, but I will be at the place you helped me a get for a long to come. With gratitudeJo Luong-FinneyJuly 23, 2025.Working with Nick has been great! Nick is very open and honest and we felt very comfortable working with him after our first meeting. He was also very accommodating with our crazy work schedule and made the search for our new place a lot easier. We look forward to working with Nick in the future when we are ready for our first forever home.Nick d'HalluinJune 24, 2025.Laryssa at Elevate Realty went above and beyond for our real estate transaction. With their investor focused lens on real estate, they were able to help with finding a property, lining up contractors and developing a plan to maximize cash flow and returns. Will definitely use them again to help expand our real estate portfolioCameron RooneyJune 12, 2025.Kate made the process of finalizing my new rental smooth, straightforward, and simple. She helped connect me with the new landlord and current tenants to coordinate my move promptly on a quick turnaround, finding my new apartment wouldn’t have been as easy without her help!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!! 👌
