216 Balsam Ave

The Beaches

Type of Property: 2.5 Storey Semi-Detached with 2 parking spots

  • Why this property is a good investment:
    • Closest major intersection:  Kingston & Woodbine
    • Located in the Beaches, one of the fastest growing neighborhoods in Toronto.
    • Transitioning & gentrifying area leads to huge potential in appreciation.
    • 3 mins walk from Kingston at Beech Ave bus and less than 30 mins ride to downtown Toronto.
    • Grocery store, trendy restaurants, coffee shops, bars, etc. along Kingston rd.
    • High Demand Rental Area – Young Professional (Millennial) who works in downtown.
    • Three self-contained units provide extra rental income vs. one single-family residence rental
    • Cosmetic renovations may be required in order to turn into strong long term hold.
    • Walk Score of 91: Walker’s Paradise
    • Transit Score of 92: Rider’s Paradise

1,190,000

Selling Price
Initial Investment
Monthly Rents
Monthly Expenses
Monthly Mortgage
Monthly Cashflow
ROI
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Key Details

Status
Sold
Asking Price
1,190,000
Selling Price
1,190,000
Initial Investment
Monthly Rents
Monthly Expenses
Monthly Mortgage
Monthly Cashflow
ROI

VIP Property Analyzer

Initial Investment Required

$281,965

Monthly Rents

$6,200

Monthly Expenses

$ 1,010

Monthly Mortgage Payment

$ 3,856

Monthly Cashflow

= Rent - Expenses - Mortgage

$ 1,334

Investment Analysis

Cash-on-Cash ROI

1 year Cashflow
Annualized Cash-on-Cash ROI

Equity-on-Cash ROI

1 year Mortgage Paydown
Annualized Equity-on-Cash ROI

Appreciation-on-Cash ROI

1 year Appreciation Return
Annualized Appreciation-on-Cash ROI

Total Annual Return

Total 1 year Profit
Total 1 year Annual ROI

Capitalization Rate

0%

Location

216 Balsam Ave, Toronto, ON M4E 3C5, Canada

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