Volition Properties

79 Hillingdon Ave

Woodbine Corridor

HIGHLIGHT

Perfect house hack in a great neighbourhoodwith parking and access to TTC

 

ABOUT THE HOUSE

This is a prime example of the duplex house hack strategy presented in our first Meetup of the year! It is one of those unicorns with a MPAC Duplex designation, which is great to boost your mortgage qualification!This is a turnkey property without any renovations needed and including parking at rear. Tenants are on month-to-month leases, so you can have income right away on day 1.You also have the flexibility to live in one unit based on income and lifestyle requirements to minimize your cost of living, then reset to market rents over time or house hack.

 

RENOVATIONS

  • No renovations required!

 

LOCATION

  • In a family friendly neighborhood. Steps to TTC (Coxwell Station), parks, restaurants, shops, schools, the Beach, hwy’s.
  • A Walker’s Paradise, so daily errands do not require a car.
  • Walk score – 92
  • Transit Score – 81
  • Bike Score – 83
Property Features

Key Details

Status
Sold
Asking Price
999,000
Predicted Selling Price
1,100,000
Initial Investment
Monthly Rents
Monthly Expenses
Monthly Mortgage
Monthly Cashflow
ROI

1,075,000

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

VIP Property Analyzer

Initial Investment Required

$235,457

Monthly Rents

$4,100

Monthly Expenses

$ 349

Monthly Mortgage Payment

$ 4,792

Monthly Cashflow

= Rent - Expenses - Mortgage

$ -1,041

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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