Property Profile: Dovercourt Village
Investment Return - Cap Rate Post Renovation: 6.0%
Alliance purchased this detached property with lane access in the very up-and-coming Dovercourt village. Upon taking possession, management introduced a number of improvements to maximize rental income, including new bathrooms, new roof, renovated kitchens and built a beautiful rooftop deck on the third floor. All updates and renovations were complete in one month.
An important hallmark of the Dovercourt property is its location near many amenities, including close proximity to the Bloor subway line resulting in greater rental demand, rental rates and long-term capital appreciation.