60 Lindsey Ave, Toronto

Little Portugal

Type of Property: 3 Story Detached with Double Detached Garage.

Why this property is a good investment:

  • Located in Little Portugal, one of the fastest growing neighbourhoods 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
  • 1 mins walk from College Streetcar and 15 mins ride to downtown Toronto.
  • Grocery store, trendy restaurants, coffee shops, bars, etc. along Dundas St West
  • High Demand Rental Area – Young Professional (Millennial) who works in downtown.
  • Five self-contained units provide extra rental income vs. one single-family residence rental
  • $200k Cosmetic renovations required in order to turn into strong long term hold.
  • Walk Score of 96:Walker’s Paradise
  • Transit Score of 96: Rider’s Paradise

1,480,000

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

Status
Sold
Asking Price
1,480,000
Offer Review Date
October 19, 2017
Initial Investment
Monthly Rents
Monthly Expenses
Monthly Mortgage
Monthly Cashflow
ROI

VIP Property Analyzer

Initial Investment Required

$352,580

Monthly Rents

$8,000

Monthly Expenses

$ 1,085

Monthly Mortgage Payment

$ 4,922

Monthly Cashflow

= Rent - Expenses - Mortgage

$ 1,843

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

60 Lindsey Ave, Toronto, ON, Canada

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