533 Crawford St
Little Italy
Little Italy Property with 3 Self-Contained Units and Laneway potential!
Why this property is a good investment:
Opportunity
- Renovations are required to make this property a strong long-term hold
- Multiple self-contained units provide extra rental income vs. one single-family residence
- Listed as 3 self-contained units on MPAC which will make mortgage qualification easier
- Qualifies for laneway housing
Location
- Closest major intersection: Harbord St and Ossington Ave
- The location doesn’t get any better than this – hip west end Little Italy
- 11-minute walk to Christie subway station and less than 10-minute ride to downtown
- Near Christie Pits Park, Bloor St W, transit, schools, grocery stores, LCBO, coffee shops and restaurants
- High demand rental area – young professionals who work downtown
- Walk Score of 92 – walker’s paradise
- Transit Score of 95 – rider’s paradise
The Units – After renovations
1. Second and Third Floor
- 3-bed + 2-bath
- Walk-out to two decks
- After reno estimated rent: $3,500
2. Main Floor
- 1-bedroom + 1-bath
- Walk-out to backyard
- After reno estimated rent: $2,200
3. Lower Floor
- 1-bedroom + 1-bath
- Separate entrance
- After reno estimated rent: $1,600
The Financials
List price: $1,499,900
Offer date: Monday, May 3
Offer date: Monday, May 3
Estimated selling price: $1,800,000
Total cash to close (down payment + closing costs): $430,000
Total cash to close (down payment + closing costs): $430,000
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Estimated renovation costs: $250,000 – $300,000
Rents after reno: $7,300
After reno cashflow: $1,207
Rents after reno: $7,300
After reno cashflow: $1,207
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Estimated laneway house costs: $350,000 for a 700sqft laneway
Rents with laneway: $9,800
Cashflow with laneway: $3,707
Rents with laneway: $9,800
Cashflow with laneway: $3,707
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*Based on a 20% downpayment and 2% mortgage rate
Next Steps
Get in touch with your Volition team member or email us at info@volitionprop.com to discuss how this property fits into your real estate investing goals!
1,800,000
Asking Price
Initial Investment
Monthly Rents
Monthly Expenses
Monthly Mortgage
Monthly Cashflow
ROI
Key Details
Status
Available
Asking Price
1,800,000
Predicted Selling Price
1,800,000
Initial Investment
Monthly Rents
Monthly Expenses
Monthly Mortgage
Monthly Cashflow
ROI
VIP Property Analyzer
Initial Investment Required
$430,500
Monthly Rents
$7,300
Monthly Expenses
$ 770
Monthly Mortgage Payment
$ 5,323
Monthly Cashflow
= Rent - Expenses - Mortgage
$ 1,207
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
533 Crawford Ave, Toronto