DORSET PARK
The Backsplit
by the Park
82 Lochleven Road
Toronto ON
SOLD FIRM
Listed in collaboration with Stephanie Cluett-Eid
Semi-Detached Backsplit 5
5 Bedroom + 3 Bathroom
When opportunity knocks, you answer it.
Walking in for the first time, you’ll see what we mean.
Here is a home that works for many:
for the multi-generational family who wants their own space,
for the no-hassle investor supporting student housing,
for the investor who sees the potential of 3 separate units
Across 5 storeys, there are 2 floors with 2 bedrooms each with their own full bathrooms, and a top-floor 1 bedroom suite with a private balcony. (And it’s a big balcony.)
The Investor’s Lens
Scenario 1 >> Update to 3 units
Projected Rent* // $2,000/month (upper 1 bedroom unit), $2,500/month x 2 (main + lower 2 bedroom units)
Projected Cap Rate (year 1)* // 5.44%
Projected Cap Rate (year 5)* // 5.74%
Projected to Positive Cash Flow* // 1 year
Scenario 2 >> As-Is Rental A
Projected Rent* // $1,000/month x 5 bedrooms, $2,000/month (upper 1 bedroom unit)
Projected Cap Rate (year 1)* // 4.98%
Projected Cap Rate (year 5)* // 5.32%
Projected to Positive Cash Flow* // 3 years
Scenario 3 >> As-Is Rental B
Projected Rent* // $900/month x 5 bedrooms, $2,000/month (upper 1 bedroom unit)
Projected Cap Rate (year 1)* // 4.49%
Projected Cap Rate (year 5)* // 4.82%
Projected to Positive Cash Flow* // 5 year
How would you use it?
Welcome to 82 Lochleven Drive. Welcome to potential.
*Based on projected purchase price of $1,100,000 with 20% downpayment, 4.49% 5-year fixed mortgage 25-year amortization. Rental rates subject to market conditions & subject to change. Borrowing costs have been provided by DLC Mortgages & are subject to change.
The Property Details
Size // 5 Bedrooms + 3 Bath
Lot Size // 30 ft x 110 ft
Exterior // Siding
Closest Intersection // Kingston Road & Mason
Parking // 4 Private Drive
SQFT // 2,127 TOTAL SQFT (1,650 SQFT Above Grade)
Rental Items // Hot Water Heater
The Neighbourhood
Welcome to Scarborough Village.
Scarborough Village is one of the earliest settlements in Scarborough, home is the first post office in the area. Just south of the 401, connected to everything you need at your fingertips: 15 minutes to University of Toronto Scarborough & Centennial College, parks, community centres, shopping at Scarborough Town Centre, schools for young & old and more.