Volition Properties

466 Roncesvalles Ave

Roncesvalles

HIGHLIGHT

Great long-term buy and hold at 5% cap rate with Airbnb potential

 

ABOUT THE HOUSE

This is an MPAC Triplex in A+ neighborhood, which is close to transit, shops, and restaurants.

You can get good rental income with generous layouts on the main and second floors. The vacant basement unit was previously used for Airbnb and generated $1,800/month. We estimate the unfurnished market rent for this unit to be $1,600/month.

This property is ideal for both buy-and-hold investors and owner-occupiers. There are opportunities to make cosmetic upgrades and gradually increase rents over time to maximize the potential return on investment.

 

RENOVATIONS

  • Cosmetic upgrades over time

 

LOCATION

  • In the High Park-Swansea neighborhood.
  • Steps to TTC, Dundas West station, shops, restaurants and parks. Has excellent public transportation and is very bikeable.
  • Walk score – 91
  • Transit Score -99
  • Bike Score – 93
Property Features

Key Details

Status
Sold
Asking Price
1,299,900
Initial Investment
Monthly Rents
Monthly Expenses
Monthly Mortgage
Monthly Cashflow
ROI

1,295,000

Selling Price
Initial Investment
Monthly Rents
Monthly Expenses
Monthly Mortgage
Monthly Cashflow
ROI
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VIP Property Analyzer

Initial Investment Required

$308,726

Monthly Rents

$6,505

Monthly Expenses

$ 421

Monthly Mortgage Payment

$ 6,235

Monthly Cashflow

= Rent - Expenses - Mortgage

$ -151

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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