Investors Corner

Valuable Resources For Real Estate Investors Of All Levels

Get a free consultation

We breakdown the four major sections of a multifamily conversion project; from the point of your accepted offer to handing the keys over to your new tenants!

 

Join our monthly Investors Mastermind Meetup!
www.meetup.com/Volition

Contact us to start or improve your real estate investing journey! 
info@volitionprop.com
1-833-416-BRRR (2777)

 

Congratulations to our client on their first investment property!

Here are three reasons why this property is a great investment:

  • Location, location, location – mere steps to the subway.
  • Outdoor space – especially important during COVID, this sets the units apart from other rentals on the market.
  • Three separate turnkey units – ready, set, rent!

Looking to start or improve your investment journey?

We can help you too, get in touch!

info@volitionprop.com
1-833-416-BRRR (2777)

 

 

We may be biased, but we believe investor agents make the best “normal” agents.
Here are some questions we can help you answer when you make what is likely THE BIGGEST PURCHASE OF YOUR LIFE!
  • Does this property hold to long term appreciation fundamentals?
  • Does it require construction? How much are those things going to cost?
  • Can I have a secondary suite to help with cash flow? How much are rents? What tenant profiles will I get?
  • How can my primary residence help me qualify for investment properties in the future? HELOC? Secondary suites?
Looking for your next home? We can help, get in touch!
info@volitionprop.com
1-833-416-BRRR (2777)

19 Battenberg Avenue
List price: $1,399,000
Closest Intersection: Queen and Coxwell

Bedrooms: 3+1
Bathrooms: 3

Beautifully Renovated Semi Walking Distance To The Beaches. Open Concept Main Floor With Hardwood, Powder Room And A Stunning Kitchen W/ Waterfall Counter! Upper Level Has A Beautiful Master With En Suite, Vaulted Ceilings And Double Closets. Bright Bedrooms, A 4 Piece Bath And Laundry Complete This Level. Beautiful Backyard Perfect For Entertaining.

Get in touch for more information, or to book a viewing!

 

 

53 Eversfield Rd.
List Price: $999,999
Closest Major Intersection: Dufferin & St. Clair Ave W

About the Property

  • Detached 2-storey
  • Full basement with walkout
  • Lot: 25 x 125.58 ft
  • Front pad parking
  • Forced air + A/C
  • Owned on-demand hot water tank
  • Appliances: Stainless steel range, dishwasher, fridge (2013)
  • New washer and dryer in basement
  • 7ft basement ceiling
  • New furnace
  • Roof (2010)
  • Spray foam insulation in basement
  • LED lighting on the main floor
  • Vinyl flooring throughout main and basement
  • Includes all ELFs and window coverings
  • See photos here

Why this is a good investment:

Multiple Strategies

  • Owner Occupied
    • Use a stepping stone approach to build equity and get help paying your mortgage!
    • Create a basement suite to live in, and rent out the main unit
    • Transition to the main unit and use the basement suite as a mortgage helper
    • Add additional value down the road by creating a laneway suite
  • Investment Property
    • Estimated net positive cashflow post duplex conversion: $418*
    • Estimate net positive cashflow + mortgage pay down post duplex conversion: $2,042**
  • Future potential
    • Potential to build a 1,300 sqft, 3-bedroom laneway house

Location

  • Address: 53 Eversfield Road
  • Located on a side street in Corso Italia
  • Short 4-minute walk to Dufferin St. and bus
  • 15-minute walk to the dedicated streetcar line on St. Claire Ave
  • 78 Transit Score: Excellent Transit
  • Grocery store, trendy restaurants, coffee shops, bars, etc. along St. Clair Ave W

Finacials

  • List price: $999,999
  • Approx. initial investment (20% down + closing costs): $235,000
  • Approx. renovation for legal duplex: $100,000
  • Approx. cost for laneway house: $400,000
  • Estimated duplex rental income:
    • Upper: $3,200
    • Lower: $1,400
  • Estimate laneway suite rental income: $3,400

How Volition Can Help

  • An exclusive listing means you get in before anyone else
  • We can advise on the ROI of doing key targeted renovations
  • We have a team of Interior Designers, Project Managers, Architects, Engineers, and Contractors that can handle everything for you
  • We can walk you through the process of getting the right tenants in place, or take care of the whole process from start to finish
GET IN TOUCH FOR MORE INFO OR TO BOOK A VIEWING!
*Based on the current rental market in the same area as the property of interest
**Based on a 20% downpayment and 2% mortgage rate

Do you know how to protect yourself as a landlord?
Do you know what it takes to avoid “professional” and “predatory” tenants?
Did you know that the Ontario Landlord Tenant Board laws heavily favours the tenants?

Tenants have always been one of, if not THE BIGGEST risks to your real estate investing business. Mix in a global pandemic resulting in people losing their jobs, and a backlog of cases at the Landlord and Tenant Board (LTB) and things are even more skewed against landlords.

Learn from the incredible Veteran Landlord Legal Representative, Steven J. Smith, in this important session about how to protect yourself with full knowledge of the Residential Tenancies Act (RTA), and what is going on in our COVID impacted world.

You’ll also hear some stories about the good, the bad and the ugly side of tenant management, as well as what we can learn from each scenario. When we spoke with Steven, he had a whopping 350 cases on his desk – his time is incredibly valuable, you do not want to miss this session!

About the Speaker

Steven J. Smith owner of Handsmith Advocate & Paralegal is Licensed by the Law Society of Ontario, has been in practice for 25 years with the last 20 years dedicated to Residential Tenancy Law which is his primary area of practice. Steven is exclusively a Landlord Representative providing representation throughout Southern Ontario. Many Law firms and Real Estate Brokerages will immediately refer you to Steven when they hear it is a Landlord & Tenant issue you are dealing with whether it be trying to evict a Tenant or responding to a Tenant claim against you. Steven’s firm has always had an educational approach assisting Clients in correcting defective processes that they may be engaging which is often the root of many of the problems Landlord’s face. Steven’s educational approach extends to doing sessions for Landlord Groups and also for Real Estate Brokerages in aid of overcoming the significant deficiency of most of the Real Estate community in their understanding and working knowledge of how the process works and how the Law is applied.

Steven has an RTA Landlord package that corrects the deficiencies in the Standardized lease (the package retails for $80.00 inclusive of HST) and recently has developed a strategy for purchase and sale cases that is exclusive to his firm and deals with the delay getting a hearing in a timely manner.

Watch the presentation here:

 

Toronto Market Updates – November 2020

 

 

Volition is bringing back our REI Coffeehouse Chat!

Based on feedback from our clients and investors, you want MORE!

  • More networking
  • More Q&A time
  • More learning
  • More community
  • More like-minded people
  • More engagement…

And that a Meetup once a month isn’t enough! Volition’s mandate has always been to remove obstacles and roadblocks… and now the REI Coffeehouse will solve this problem!

Why did we call this a “Coffeehouse Chat”? Because the format is simple. No format. No presentation. No script.

Just an informal 1-hour Zoom call that you’ll actually want to join. Real people with real problems, and maybe the occasional guest speaker.

Send in your questions beforehand to info@volitionprop.com, and then we’ll chat about them and answer your questions with everyone else on the line… others may even jump in with their own input or experiences. Even if you don’t have a specific question, join anyway it’s FREE and a great opportunity to connect with other Toronto investors!

This month we talked about:

  • Learning the leasing process
  • The complexities of choosing the best layout for a basement apartment… unsurprisingly, it depends!!
  • Reviewing market updates
  • JVs

Watch the full recording below!

Nothing is certain in life but death, taxes, and not having enough cash to fund your next deal…but what if there was a way to borrow from yourself??

Join us and guest speaker Mary Sun to learn about the basics and beyond of Life Insurance for sophisticated real estate investors. At the VERY LEAST you should be protecting your assets. But we never stop at the very least.

If used correctly, life insurance can be an effective tool to accelerate you to achieving your goals – ACCESS TO CASH AND CAPITAL, LEVERAGE TO FUND YOUR NEXT PROPERTY, AND TAX-EXEMPT INVESTMENT GROWTH!

As a sophisticated investor, you need to be identifying and mitigating risk and thinking strategically. When it comes to life insurance, this is not as simple as having a basic policy. Mary will use an investor-focused lens and walk through strategies and case studies including:

• Importance of estate planning
• Tools available to protect estate value
• Asset and family protection
• Real estate investor’s liability exposure
• Insurance ownership: Personal vs. Corporate

About Mary

Mary holds a CPA (Chartered Professional Accountant) designation and is an MBA graduate from Schulich School of Business, York University. Mary has 10+ years of experience in the financial service industry and is with Sun Life Financial as an advisor. Mary uses her in-depth knowledge in insurance, investments and taxation to help clients reach their financial goals through effective insurance and financial planning. Mary is known for her professionalism, her value-added advice and her ability to build strong and long-lasting client relationships.

 

Access the slides and presentation below!

 

Attention aspiring investors! Ming takes us on a property tour and shares the details of why it works and what needs to change to make it a strong long-term hold.

While it’s not a straight investment property, it is set up well to help subsidize cost of living, or as a first rental property to get in and build equity.

Why It Works!

– Location: Located in East York in the Blake-Jones neighbourhood the property is 10-minutes from the subway. The area attracts a good tenant profile, allows for good rents, and has quick access to public transit, which is key!
– Ceiling Height: The ceiling heights are excellent which means no underpinning required.
– Not Turnkey: This was advantageous because it didn’t come with a turnkey price tag.
– Layout: The property is already subdivided and offers two units with their own separate entrances.

What It Needs!

– A whole new kitchen
– New flooring
– Updated exterior and new railings
– Back deck to create more outdoor space
– Landscaping and a fence to close off the yard

Want to learn more about investing in Toronto?
Volition offers a free Advisory Session – email us at info@volitionprop.com to get started!

 

Start Reaching Your Financial Dreams

Whether you’re a first time investor or a seasoned pro, our experts can help!