24 Units - Kitchener, ON

Return on Investment: 370%

Purchase Price: $1,900,000
Current Market Value: $2,800,000
Total Investment: $243,000 (reclaimed through re-fi)
Cash Flow: $5,000 per month
Mortgage Paydown: $4,500 per month

The Opportunity:  This property presented a number of positive features such as great location (near future LRT), solid building structure with desirable tenant features such as balconies, garages & storage.  As a result of poor management, rents were below market, expenses were high and there was a poor tenant profile.  All these issues presented significant upside potential.  All issues were addressed which led to significant forced appreciation in a very short period of time.  The final feature which made this an appealing investment was securing a VTB in the amount of $500,000 at 0% interest (no its not a typo :-))

12 Units - Oshawa, ON

Return on Investment: 104%

Purchase Price: $920,000
Current Market Value: $1,200,000
Total Investment: $270,000
Cash Flow: $2,900 per month
Mortgage Paydown: $1,500 per month

The Opportunity:  This property was very well maintained and had great curbside appeal in a town which has all metrics (unemployment, vacancy, GDP & pop. growth) moving in the right direction.  The cap on the property was a healthy 8% and had very attractive assumable financing of 3.48% for a term of 5 years.

9 Units - Kitchener, ON

Return on Investment: 636%

Purchase Price: $327,000
Current Market Value: $900,000
Total Investment: $90,000 (reclaimed through re-fi)
Cash Flow: $1,000 per month
Mortgage Paydown: $1,000 per month

The Opportunity:  This property presented an opportunity to purchase 9 units at a price of $36,000 per door in a quiet residential neighbourhood located close to downtown.  Both the property and the tenant profile required some work, however, with a modest amount of renovations and selective tenant screening, the property quickly realized its full potential. 

12 Units - Kitchener, ON

Return on Investment: 205%

Purchase Price: $770,000
Current Market Value: $1,200,000
Total Investment: $210,000 (reclaimed through re-fi)
Cash Flow: $1,500 per month
Mortgage Paydown: $3,000 per month

The Opportunity:  This property was located in a great residential neighbourhood walking distance to the regional mall.  Building was in great condition and rents were well below market.  Favorable financing was secured at prime +.50% which allowed for rapid mortgage paydown.

5 Units - Toronto, ON

Return on Investment: 785%

Purchase Price: $292,000
Sale Price: $920,000
Total Profit: $628,000

Initial Investment: $80,000

The Opportunity: This property was located in a downtown Toronto neighbourhood undergoing gentrification.  The property was well maintained with rents below market and a healthy market cap even with the sub market rents.

3 Units - Kitchener, ON

Return on Investment: 1,090%

Purchase Price: $182,000
Current Market Value: $400,000
Total Investment: $20,000 with CMHC (reclaimed through re-fi)
Cash Flow: $500 per month
Mortgage Paydown: $600 per month

The Opportunity: This property was well located and well built with the added benefit of a 2 car garage that has been rented out for storage.  The purchase of CMHC insurance allowed me to purchase this property at 90% LTV allowing for significant leverage and thus a superior Return on Investment.

12 Units - Oshawa, ON

Return on Investment: 233%

Purchase Price: $815.000
Current Market Value: $1,200,000
Total Investment: $165,000
Cash Flow: $2,000 per month
Mortgage Paydown: $1,250 per month

The Opportunity:  This property presented upside potential as it suffered from deferred maintenance and a poor tenant profile.  With limited capital improvements, and the eviction of trouble tenants, the property underwent a rapid transformation.  A favorable VTB was secured to make this an even more lucrative investment.

12 Units - Oshawa, ON

Return on Investment: 110%

Purchase Price: $1,070,000
Current Market Value: $1,300,000
Total Investment: $210,000
Cash Flow: $1,800 per month
Mortgage Paydown: $1,750 per month

The Opportunity:  This property was ideally situated in prime North Oshawa which is one of the fastest growing communities in Ontario.  This property required alot of work during the conditional period as a Phase II environmental discovered an underground oil tank.  It took a few months but the tank was eventually removed, the soil remediated and the deal closed.  The building itself had a good tenant profile but the rents were significantly undermarket.  Although each apartment had a separate hydro meter, the previous landlord included hyrdo in many of the rents.  Within 12 months 6 tenants moved out or were evicted and each unit was renovated.  Rents were raised significantly and the hydro was added on top of the rent.  Cash flow increased by $700/month and expenses decreased by $300/month.   CMHC insured the first mortgage at 2.58%.  The seller provided a 2nd mortgage secured against another property in the portfolio.  As a result only $210,000 was required for downpayment, closing costs and remidiation costs.