477 Delaware Ave

Dovercourt-Wallace-Emerson

Type of Property: 3 Story Detached with 2 parking

  • Why this property is a good investment:
    • Closest major intersection:  Ossington Ave & Dupont St
    • Located in Dovercourt-Wallace Emerson-Junction, one of the fastest growing neighborhoods in Toronto.
    • Transitioning & gentrifying area leads to huge potential in appreciation.
    • https://www.thestar.com/news/gta/2016/09/13/the-hidden-pockets-in-toronto-where-gentrification-is-really-happening.html
    • 4 mins walk from  Ossington Ave at Dupont Stl Ave streetcar and less than 30 mins ride to downtown Toronto.
    • Grocery store, trendy restaurants, coffee shops, bars, etc. along Dupont St
    • 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 89: Very Walkable
    • Transit Score of 85: Excellent Transit

1200000

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

Status
Sold
Asking Price
1200000
Initial Investment
Monthly Rents
Monthly Expenses
Monthly Mortgage
Monthly Cashflow
ROI

VIP Property Analyzer

Initial Investment Required

$284,400

Monthly Rents

$7,700

Monthly Expenses

$ 1,030

Monthly Mortgage Payment

$ 4,284

Monthly Cashflow

= Rent - Expenses - Mortgage

$ 2,386

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

477 Delaware Avenue, Toronto, ON, Canada

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