46 Emerson Ave

Dovercourt-Wallace-Emerson

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.

Photos here.

Why this property is a good investment:

    • 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

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

Status
Available
Asking Price
1,599,000
Predicted Selling Price
1,900,000
Offer Review Date
December 16, 2020
Initial Investment
Monthly Rents
Monthly Expenses
Monthly Mortgage
Monthly Cashflow
ROI

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

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

46 Emerson Avenue, Toronto, ON, Canada

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