Volition Properties

465 Ashdale Ave

Greendwood-Coxwell

HIGHLIGHT

A great turnkey buy and hold property with garden suite and development potential

 

ABOUT THE HOUSE

This is one of those unicorns with a MPAC Triplex designation, which is great for mortgage qualification! The main and second floor units are vacant and move-in ready, with opportunities to do minor renovations to add value and boost rents. This is a turnkey property that you can place new tenants in at market rent or live in one unit and house hack!

You can also build a garden suite up to 1,290 sf (subject to confirmation via survey and additional research/permits via Toronto Parks and Forestry) on the huge lot (29′ x 127′) and/or add an extension to create two-bedroom layouts to add tremendous cashflow in a great area!

We also like that it has a detached garage with 2-car parking at rear to generate additional rent.

 

RENOVATIONS

No renovations required, but upgrades that can be made include:

  • Adding in-suite laundry to the main floor unit
  • Upgrading laundry facilities in second floor unit
  • Adding dishwashers to main and second floor units
  • Adding custom glass for shower in main floor bathroom
  • Updating kitchen cabinets and countertops over time

 

LOCATION

  • Steps to trendy Gerrard St. shops and restaurants, and both Greenwood and Coxwell TTC stations.
  • Walk score – 86
  • Transit Score – 77
  • Bike Score – 70
Property Features
  • House

Key Details

Status
Sold
Asking Price
1,379,000
Predicted Selling Price
1,250,000
Initial Investment
Monthly Rents
Monthly Expenses
Monthly Mortgage
Monthly Cashflow
ROI

1,220,000

Selling Price
Initial Investment
Monthly Rents
Monthly Expenses
Monthly Mortgage
Monthly Cashflow
ROI
Start investing now

VIP Property Analyzer

Initial Investment Required

$327,987

Monthly Rents

$5,055

Monthly Expenses

$ 980

Monthly Mortgage Payment

$ 6,614

Monthly Cashflow

= Rent - Expenses - Mortgage

$ -2,539

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

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