Unlock Your Investment Potential: 344 Shaw, Your CMHC MLI Select Opportunity in Little Italy

$1,899,000

4 Beds | 4 Baths | - SqFt

344 Shaw St, Toronto, ON M6J 2X3

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Are you on the lookout for a real estate investment opportunity that promises not only high returns but also a prime location? Look no further than 344 Shaw, a property that epitomizes the essence of a smart investment in the heart of Little Italy. Let's delve into why this property stands out as an amazing CMHC MLI Select investment opportunity.

Prime Location in Little Italy

Nestled on a spacious 21.5x120 lot, with its already developped 2.5 storey envelope, 344 Shaw is strategically located in the vibrant neighborhood of Little Italy. Surrounded by the city's best restaurants, trendy cafes, and eclectic shops, this property offers a lifestyle that attracts both tenants and investors alike. The location alone is a testament to its investment potential, ensuring a constant flow of interested renters.

Maximizing Potential with CMHC MLI Select

One of the standout features of 344 Shaw is its eligibility for CMHC MLI Select financing. This means you have the unique opportunity to transform this property into a lucrative investment with multiple units, maximizing your rental income.

In the main house, envision creating four distinct units that cater to different tenant needs:

• Basement Apartment: Though it needs underpinning, the basement can be transformed into a spacious 2-bedroom, 2-bathroom unit, making it an attractive living space for potential renters.

• Main Floor: Utilize the approximately 900 sqft main floor to craft another 2-bedroom, 2-bathroom unit, providing comfortable living spaces for residents.

• Second Floor: With just over 800 sqft, the second floor is perfect for yet another 2-bedroom, 2-bathroom unit, offering a cozy yet stylish residence.

• Third Floor: Transform this space into a charming 1-bedroom, 1-bathroom unit, spanning 500 sqft, complete with its private rooftop terrace, providing tenants with an unparalleled urban living experience.

Additionally, the property offers the opportunity to build a 1200 sqft, 2.5-bathroom laneway house, adding another desirable living space to attract potential tenants.

The Numbers At A Glance

• • $18,600 in monthly rents
  • After Reno Value of $4.0M
  • $2.675M  Mortgage @ 4.5% amortized over 40 years
  • Annual Cashflow of $47,500

Strong Rental Demand and Growth Potential

Little Italy is renowned for its strong rental demand, thanks to its bustling atmosphere and proximity to the city's cultural hotspots. With this demand comes excellent rental growth and low vacancy rates, ensuring a consistent stream of income for investors.

Imagine the prospect of owning a property where every inch is designed for maximum comfort, attracting tenants who value quality living in a lively neighborhood.

Final Thoughts

In conclusion, 344 Shaw is not just a property; it's a canvas of opportunity waiting to be painted with smart investments and strategic planning. With CMHC MLI Select financing at your disposal, this property can become a lucrative source of passive income. Don't miss your chance to be a part of Little Italy's thriving community. Reach out today, and let's transform this potential into a prosperous investment journey together.

Click Here to see the financials - CMHC MLI Select