38 Humberside Ave
High Park
Turn-key 3-storey detached with 4 self-contained units in sought after High Park North. Triple A location!! Contains above-average sized suites, lots of upgrades, lots of storage, finished basement with two entrances. Approximatley 4,297 sqft including basement.
- Approx. annual rental income: $107,000
- Approx. annual operating expenses: $16,000
- Cap rate: 4.8%
The Suites
1. Third Floor
- 1-bedroom + 1 bath
- 2 walk-out decks
- Large skylight in living room
- Current rent: $1,975 + hydro
2. Second Floor
- 3-bedroom + 1 bath
- Walk-out to deck
- Ensuite laundry
- Current rent: $2,625 all-inclusive
3. Main Floor
- 1-bedroom + 1 bath + solarium (ability to be a 2-bedroom unit)
- 10 ft ceilings
- Formerly rented at: $2,737 all-inclusive
4. Lower Floor
- Studio (can be converted to a 1-bedroom unit)
- 2 walkout entrances
- Current rent: $1,595 all-inclusive
Why this property is a good investment
- Closest major intersection: Bloor St W and Dundas St W
- Located in the sought after neighbourhood of High Park North and close to High Park, The Junction, Roncesvalles and Bloor West Village
- 10-minute walk to Dundas West subway station and 20-minute ride to downtown Toronto
- Near Dufferin Mall, Galleria Shopping Centre, UP Express Bloor Station, grocery stores, coffee shops and restaurants
- High demand rental area – young professionals who work downtown
- Four self-contained units provide extra rental income vs. one single-family residence
- Approx. 4,297 sqft of living space, including basement
- Walk Score of 82 – very walkable
- Transit Score of 89 – excellent transit
- Bike Score of 99 – biker’s paradise
1,899,000
Asking Price
Initial Investment
Monthly Rents
Monthly Expenses
Monthly Mortgage
Monthly Cashflow
ROI
Key Details
Status
Sold
Asking Price
1,899,000
Predicted Selling Price
1,899,000
Initial Investment
Monthly Rents
Monthly Expenses
Monthly Mortgage
Monthly Cashflow
ROI
VIP Property Analyzer
Initial Investment Required
$454,607
Monthly Rents
$8,933
Monthly Expenses
$ 1,325
Monthly Mortgage Payment
$ 5,615
Monthly Cashflow
= Rent - Expenses - Mortgage
$ 1,993
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
38 Humberside Ave