466 Roncesvalles Ave
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.
- Cosmetic upgrades over time
- 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