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
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Key Details

Status
Available
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

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