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!
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.
