Scarborough Townhouse Complex
Total Estimated Profit: $950,000
Cash on Cash return: 24%
Cap rate: 3.9%
The property consists of five townhouse units ( and one unbuilt unit) in need of minor upgrades to be in a rentable condition. We propose a hybrid approach where the units are rented for three to five years and sold thereafter. This will require the property to be transferred to a leasehold arrangement where each unit can be sold individually.