Property Profile: Wychwood
Investment Return - Cap Rate Post Renovation: 6.2%
Built in 1895 in Old Toronto, the Wychwood property sits right on top of the Toronto/Niagara escarpment overlooking the city. The property is in a perfect location for commuting into the downtown core and features a deck overlooking the Toronto skyline.
Highlights of the Wychwood property include, (i) 900 square foot basement with exposed bricks and a stone wall, (ii) designed and built three modern kitchens and bathrooms, (iii) designed and finished a third floor attic into a living area with a bump-out to a newly installed 256 square foot rooftop deck featuring a panoramic view of the city and (iv) new plumbing, hardwood and electrical work throughout, including separation of electrical meter services.