46 Emerson Ave
Turn-Key Triplex
Luxurious turn-key detached home with 3 self-contained units and nearly 2,500 sqft. Featuring a sun-drenched upper floor with vaulted ceilings, exposed beams and 2 beds + 2 baths. The main floor boasts 2 beds + 2 baths + study. The lower floor has 1 bed + 1.5 baths + study and 7ft ceilings.
18 brand new appliances (3 stainless steel fridges, 3 stoves, 3 dishwashers, 3 microwave/hoods, 3 sets of stackable washer/dryers), 2 brand new separate HVAC systems, new owned hot water tank and 2 parking in rear via laneway.
Market rent supports approx. $98,4000 in annual gross income.
Why this property is a good investment:
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- Closest major intersection: Dufferin and Bloor
- Located in the vibrant neighbourhood of Dovercourt-Wallace Emerson, one of the fastest-growing neighbourhoods in Toronto
- Transitioning & gentrifying area leads to huge potential in appreciation
- 3-minute walk to Lansdowne subway station and less than a 15-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 (Millennials) who work downtown
- Three self-contained units provide extra rental income vs. one single-family residence rental
- Completely renovated, turn-key property
- Walk score of 85 – very walkable
- Transit score of 96 – rider’s paradise
The Suites
1. Upper Floor
- 2 bed + 2 bath
- 10ft vaulted ceiling in living area
- Ensuite laundry
- Market rent: Approx $3,000/month
2. Main Floor
- 2 bed + 2 bath + study
- Ensuite laundry
- Market rent: Approx $3,000/month
3. Lower Floor
- 1 bed + 1.5 Baths + Study
- 7ft ceiling
- Ensuite laundry
- Market rent: Approx $2,200/month
1,599,000
Key Details
VIP Property Analyzer
Initial Investment Required
$454,850
Monthly Rents
$8,200
Monthly Expenses
$ 981
Monthly Mortgage Payment
$ 4,728
Monthly Cashflow
= Rent - Expenses - Mortgage
$ 1,601
Investment Analysis
Cash-on-Cash ROI
Equity-on-Cash ROI
Appreciation-on-Cash ROI
Total Annual Return
Capitalization Rate
0%
Location
46 Emerson Avenue, Toronto, ON, Canada