
73 Hocken Avenue, Toronto C02
Toronto C02
$1,140,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX HALLMARK REALTY LTD.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
3
Bathrooms
1
Days on Market
2
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Finished Basement
Rent Estimate
$3,150/mo
Estimated from market price-to-rent ratios
Remarks
Opportunity.Welcome to *73 Hocken Avenue*-an exceptional opportunity in the heart of prestigious Wychwood, one of Toronto's most sought-after neighbourhoods. Situated on a quiet, tree-lined street, this rare offering provides incredible flexibility for builders, investors, renovators, and end-users alike. Whether you're looking to thoughtfully renovate, build your dream home, or take advantage of the approved redevelopment plans, this property offers endless potential to bring your vision to life. Included are **approved architectural plans and building permits**, eliminating months of planning, approvals, delays, and carrying costs, allowing you to begin construction immediately should you choose. Choose between **two outstanding approved development options**: build a purpose-designed **3-unit multi-residential property** featuring 1+1 bedroom, 2-bedroom, and 3-bedroom suites, ideal for strong rental income and long-term appreciation; or construct an impressive **approximately 3,300 sq.ft. three-storey custom home** with 4 bed, 5 bath, soaring 10' ceilings, expansive principal rooms, multiple outdoor living spaces, and the potential for a *2-car garage with a laneway suite* for extended family, guest accommodations, or additional income. For buyers with a vision to renovate, this property also presents an exceptional opportunity to restore, expand, and personalize a home in one of Toronto's premier communities while benefiting from the long-term value Wychwood continues to offer. Enjoy everything Wychwood has to offer-steps to Wychwood Barns, Hillcrest Park, St. Clair West, top-rated schools, cafés, restaurants, shopping, TTC, and everyday amenities, all just minutes from downtown Toronto. Opportunities offering this level of flexibility, location, and future potential are exceptionally rare. Whether your goal is to renovate, build, invest, or create your forever home, **73 Hocken Avenue** is ready to make that vision a reality. *Property sold as Is*
MississaugaInvestor.ca
73 Hocken Avenue
Detached · 3bd/1ba · ~1,300 sqft
$1,140,000
Cash-Flow Report · July 31, 2026
Cap Rate
0.96%
Monthly Cash Flow
-$4,333/mo
Estimated Rent
$3,150/mo
Cash-on-Cash
-20.78%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,150 |
| Mortgage | −$5,247 |
| Property Tax | −$903 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$950 |
| Vacancy (5%) | −$158 |
| Cash Flow | -$4,333/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$37,800 |
| Vacancy (5%) | −$1,890 |
| Property Tax | −$10,830 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$11,400 |
| Annual NOI | $10,980 |
| Cap Rate | 0.96% |
Cash Required to Close
| Down Payment (20%) | $228,000 |
| Ontario Land Transfer Tax | $19,275 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $250,275 |
Assumptions: 20% down · 4.89% rate · 25yr amort · Canadian semi-annual compounding · $225/mo insurance · maintenance reserve = greater of 8% of rent or 1% of value/yr (condo fee replaces it) · 5% vacancy · rent estimated from neighbourhood MLS comps. All figures are estimates — verify with a licensed professional before making an investment decision.
Prepared by Hamza Nouman · RECO-registered Investor Specialist · 647-609-1289 · hamza@nouman.ca · MississaugaInvestor.ca
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