Investment Spotlight: 126 Glenholme – Your Gateway to Smart Real Estate Success

$1,099,000

4 Beds | 4 Baths | - SqFt

126 Glenholme Ave, Toronto, ON M6E 3C3

Active

Are you on the lookout for a real estate investment opportunity that combines affordability, potential for growth, and immediate cash flow? Look no further than 126 Glenholme – a hidden gem in a great neighborhood, presenting a rare chance to own an existing fourplex with immense potential. Let's delve into why this property is more than just a listing; it's a pathway to long-term investment success.

Reasonable Price, Endless Potential

Priced at a reasonable $1.1 million, 126 Glenholme is a unique opportunity to secure a well-maintained fourplex in a desirable neighborhood. The initial listing price may provide some room for negotiation, allowing you to secure a solid investment at an even more attractive rate. In the competitive Toronto real estate market, such opportunities are rare, making this property stand out as a golden chance for savvy investors.

Cosmetic Updates for Immediate Returns

While the property is in good overall condition, there's room for improvement. The slightly dated appearance and below-market rents create an ideal scenario for a quick cosmetic update as tenants rotate out. A modest investment in modernizing the units can substantially boost rental income, enhancing the property's overall value.

Unlocking Hidden Value with a Garden Suite

But that's not all – the real magic lies in the potential for a 900 sqft, 2-bedroom garden suite in the backyard. This addition not only expands the property's footprint but also opens up an avenue for additional rental income. In a city where space is a premium, this garden suite presents a unique opportunity to capitalize on the demand for modern, independent living spaces.

The Numbers Tell a Story of Potential

Investing in 126 Glenholme comes with a calculated financial strategy. With only a 20% down payment, there may be a small initial negative cash flow of approximately $750 per month. However, the prospect of boosting rents to market rates and adding the garden suite can result in a potential annual revenue of $76,000, turning the initial cash flow concerns into a long-term gain.

Long-Term Upside That Can't Be Ignored

126 Glenholme isn't just an investment; it's a journey towards long-term financial growth. The potential for market rents and the addition of the garden suite position this property as a solid income generator with significant upside potential. Despite a minor initial cash flow dip, the promise of future gains makes this property an opportunity you simply can't afford to overlook.

The Numbers At A Glance

• • $5,500 in Current Monthly Rents
  • $12,800 in Projected Monthly Rents
  • -9,500 in Current Annual Cashflow
  • $76,300 in Projected Annual Cashflow

* Assumes a 20% downpayment and a 30 year mortgage at 5.8%

Final Thoughts:

In conclusion, 126 Glenholme is not just a fourplex; it's a strategic move towards a prosperous real estate investment. With the potential for updates, added rental income, and a strategic garden suite addition, this property offers a unique combination of immediate returns and long-term value. Don't miss your chance – contact us today and secure your place in the future of smart real estate investment at 126 Glenholme.

Click Here to see the financials - Current

Click Here to see the financials - Market and Improved