I'm estimating $436/m positive cash flow on these homes.Scroll down for the Pro-forma for details.
NOTE: There are only 7 homes left and prices will be increasing very soon. Don't delay
Semi-detached and townhouses that can be offered as single-family OR you have the option of adding a legal secondary suite.2 separate and self-contained units with their own entrances, their own kitchens, their own laundry.These homes are freehold, in the city of Toronto, and they will cash flow!So what made me buy this investment?✅Brand New Construction with full Tarion Warranty ✅Freehold Home in the city of Toronto proper ✅Great Transit Location - TTC Bus (0 minutes), GO Train (5 mins), LRT Subway (10 mins), ✅Turnkey secondary suite was done by the builder (don't have to touch a hammer) ✅Cash flow positive =NO BRAINER!!
Location Highlights:In terms of location, this is 1780 Lawrence Avenue West (Lawrence and Black Creek Drive) in North York.Just a short walk to the GO /UP Express station at Weston that takes you to Union station in 15 mins or Pearson Airport in just 8 minutes!The new Eglinton LRT-Subway will open soon and the Mount Dennis Transit Hub is just minutes away too.If you drive you are on the 401 or 400 in just 2 minutes from this spot.Think of the possibilitiesBuy for yourself and use the whole homeBuy for yourself and rent out 1 unit, live in the otherBuy for yourself - live in one unit, parents or grand parents in the other unitBuy for investment and rent out both units long term rentalsBuy for investment and do Airbnb furnished units.Important point: these homes are pre-construction which means NO RENT CONTROL!!
How rare is this?Where can you find a freehold home in the city of Toronto right now that gives you positive cash flow?Add to this fact that it's brand new construction, and the entire community is on a ravine, makes this an incredibly rare opportunity!The builder is Fernbrook Homes - they have built thousands of homes.Check out the floor plan to see how the 2 units would work in the RIVER model:
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