Turn-Key Triplex Renovation in Monarch Park – Episode #207

Turn-key triplexes in Toronto are very hard to come by. Especially ones that are finished with good quality, attract AAA tenants, and that actually cash flow positive.

The owners of this triplex located near Danforth and Monarch Park are spent close to $300,000 in renovations to create this luxury turn-key triplex that actually cash flows over $1000 / month!
This cash flow is calculated after refinancing and pulling out the renovations cost.

Contact me if you wish to get the detailed property analysis.

The finishes were selected with a purpose of attracting young professionals who love the trendy look of exposed brick walls, modern kitchens, rustic and durable floors, spa-like bathrooms, exposed wood beams, added storage space, and private outdoor space. Of course, the location is ideal being a short walk to Danforth, 2 subway stops, Monarch Park, great schools, and of course cafes and restaurants.

This will be an excellent long term investment for the owners.

If you would like to discuss how you can acquire a similar property feel free to contact me through my website: www.BeachInvesting.com

If you want to see other projects Brendan has been involved with here they are:

East York Modern Duplex Conversion After Renovations – Episode #200
Leslieville Luxury Duplex Generates $2000 of Monthly Cash Flow – Episode #196

How To Legalize Triplexes in Toronto – Episode #204

I just hosted a workshop on How To Legalize Triplexes In Toronto.  Fantastic topic with a ton of information.

I did not record the workshop so I will summarize briefly what we talked about and I encourage you viewers to contact me if you want to learn more.

We discussed the following:

  1. Why people want triplexes in Toronto
  2. Why triplexes are the next best investment model right now
  3. Multiple exit strategies
  4. Should you buy a turn-key triplex or create one
  5. How to increase your ROI
  6. Key things to know when creating a triplex

This workshop was over 4 hours in length and it could have easily lasted longer.

We had the following speakers:

Architect

Realtor

Mortgage Broker

Investor

Contractor

Insurance Broker

Everyone had valuable things to share and teach.  I learned a ton of things and we came up with a “one stop shop” solution for those of you who want a triplex but don’t have the time or expertise to create one.  If you are interested to learn more I encourage you to call me 416-885-2010 or contact me on my website: contact me

Oshawa Bungalow Converted Into Legal Duplex After Renovations – Episode #203

We are back in Oshawa with Chris Arnts and he has converted this bungalow into a legal duplex.

The original purchase price was $325,000 and the actual renovation budget spent was $155,000.  The actual rents achieved are: main floor $1690 and basement $1250 plus hydro.

Approximate monthly cash flow after all expenses with 20% down payment will be $700 (after refinancing).

Oshawa is a pretty hot market.  A good city to compare to Toronto for investment purposes.

Which market are you investing in?

Here is the before video: Oshawa Bungalow Before Renovations – Episode #202

 

Oshawa Bungalow Before Renovations – Episode #202

Today we decided to take a different stance and venture out to Oshawa to see if owner Chris Arnts can take his experience from the Toronto Beaches and utilize it in another city.  Oshawa is relatively more affordable where you can probably fetch more monthly cash flow and it is also going through positive growth.

Chris purchased this property for $325,000 and the anticipated renovation budget is $100,000 to convert this property into a legal duplex.  The estimated rents once it is all finished is $1600 for the main floor and $1200 for the basement.  This is the before video so lets see how it turns out.

There are pros and cons to investing in any city, town or neighbourhood.  It is important to learn what they are and decide which area you want to invest in.  I believe every area has potential to make money…you just need to figure out what that method is and whether it works for you.

Here is the after video: Oshawa Bungalow Converted Into Legal Duplex After Renovations – Episode #203