841 Windermere: Your Path to Profitable Real Estate Investment
In the dynamic world of real estate investment, finding a property that promises both ease and profitability is a rare gem. Look no further than 841 Windermere, a two-storey semi-detached property with immense potential for investors seeking to make their mark in Toronto's lucrative market. With its prime location, existing structure, and laneway potential, this property offers an easy and profitable opportunity for first-time investors and seasoned professionals alike. In this blog, we'll explore why 841 Windermere is the perfect investment property poised to generate substantial returns.
Prime Location:
Location is key in real estate, and 841 Windermere boasts an enviable position just steps away from the Junction, High Park, and Bloor West Village. This prime location offers tenants access to a diverse range of amenities, including shops, restaurants, parks, and transit options. With its proximity to popular neighborhoods and lifestyle attractions, demand for rental properties in this area remains consistently high, ensuring a steady stream of tenants for the investment project.
Conversion Potential:
Currently functioning as a single-family home, 841 Windermere presents an exciting opportunity for conversion into a triplex. With its two-storey layout and existing separate entrance to the basement, the property is ripe for transformation. Each floor can be easily converted into a luxurious 1-bedroom, 1-bathroom unit, appealing to tenants seeking modern and attractive living spaces. This conversion not only maximizes rental income potential but also enhances the property's overall value.
Laneway House Opportunity:
The real opportunity at 841 Windermere lies in the potential to build a 1150 sqft laneway house with 3 bedrooms and 2.5 bathrooms, complete with parking. This additional dwelling adds significant value to the property, providing an additional source of rental income while maximizing land utilization. With laneway housing gaining popularity in Toronto's real estate market, investing in this project ensures long-term profitability and capital appreciation.
Diverse Tenant Appeal:
One of the key advantages of 841 Windermere is its appeal to a diverse range of tenants, each valuing different lifestyles and amenities. From young professionals drawn to the vibrant nightlife of the Junction to families seeking the tranquility of High Park and the community charm of Bloor West Village, this property caters to a wide demographic. This diverse appeal ensures sustained demand for rental units, providing investors with a reliable income stream.
Numbers At A Glance
- $11,800 in monthly rents
- After Reno Value of $2.575M
- $1.06M Mortgage @ 5.2% amortized over 30 years
- Annual Cashflow of $51,600
Final Thoughts:
In the realm of real estate investment, 841 Windermere stands as a beacon of opportunity for investors seeking profitability and ease. With its prime location, conversion potential, and laneway house opportunity, this property offers a straightforward path to success in Toronto's competitive market. Whether you're a first-time investor looking for an easy opportunity to make money or a seasoned professional seeking a profitable investment project, 841 Windermere provides the perfect canvas to realize your investment goals. Don't miss out on this golden opportunity to unlock the potential of real estate investment at 841 Windermere.
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