113 Auburn Avenue
Corso Italia
Turn-Key Property with 3 Self-Contained Units
Why this property is a good investment
Opportunity
- Fully renovated with permits and completely turn-key; start collecting rent on day one
- Listed as a duplex on MPAC which will make mortgage qualification easier
- Three self-contained units provide extra rental income vs. one single-family residence rental
Location
- Closest major intersection: Lansdowne Ave and St. Clair Ave W
- 4-minute walk to the dedicated St Clair streetcar
- Located on a quiet side street in Corso Italia
- Grocery stores, trendy restaurants, coffee shops, bars, etc. along St. Clair Ave W
- Walk Score of 84 – very walkable
- Transit Score of 78 – excellent transit
- Bike Score of 70 – very bikeable
The Units
1. Upper Floor
- 1 bed + 1 bath
- Separately metered for gas and hydro
- Private laundry
- Current rent: $1,900/month
2. Main Floor
- 1 bed + 1 bath
- Separately metered for gas and hydro
- Private laundry
- Currently vacant
- Market rent: Approx. $1,700/month
3. Lower Floor
- 1 bed + 1 bath
- Separate entrance
- Current rent: $1,250/month
The Financials
- List price: $1,249,000
- Estimated selling price: $1,240,000
- No offer date!
Next Steps
Contact your Volition team member or send an email to info@volitionprop.com to discuss how this property fits into your real estate investing goals.
1,240,000
Asking Price
Initial Investment
Monthly Rents
Monthly Expenses
Monthly Mortgage
Monthly Cashflow
ROI
Key Details
Status
Sold
Asking Price
1,240,000
Predicted Selling Price
1,240,000
Initial Investment
Monthly Rents
Monthly Expenses
Monthly Mortgage
Monthly Cashflow
ROI
VIP Property Analyzer
Initial Investment Required
$294,140
Monthly Rents
$4,850
Monthly Expenses
$ 717
Monthly Mortgage Payment
$ 3,568
Monthly Cashflow
= Rent - Expenses - Mortgage
$ 565
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