Kiril Nikolaev

Portfolio Overview

Real assets built with patience, sweat equity, and investor-grade discipline.

These transactions chart my path from a first two-unit conversion in Brampton to more sophisticated BRRRR executions. Every project refined my underwriting, renovation management, and tenant relations playbooks while compounding capital for the next opportunity.

Years Active

9

Investing since 2016 with consistent deal flow in Ontario.

Units Transacted

7

Purchased, renovated, or managed across duplex and triplex projects.

Capital Deployed

$1.55M+

Across purchases and renovation budgets using a mix of savings and financing.

Buy & Hold

Brampton Two-Unit Conversion

Brampton, Ontario

Purchased

October 2016

$497,000

Renovation

$5,000 minor refresh

Exit

Refinanced and held for long-term cash flow

  • Originally a single-family home—added a self-contained basement apartment to boost rental income.
  • Stabilized quickly with reliable tenants attracted by the refreshed interiors.
  • Early proof-of-concept that thoughtful layout changes and strong screening can create durable income.

Property Photos

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Brampton open living and dining area

Buy & Hold

St. Catharines Two-Unit Hold

St. Catharines, Ontario

Purchased

June 2017

$305,000

Renovation

$40,000 prior to sale

Exit

Sold June 2025 for $535,000

  • Purchased with two existing suites that provided immediate cash flow.
  • Managed tenant turnovers over several years before investing in targeted upgrades ahead of sale.
  • Exited in 2025 to recycle capital into larger projects while capturing appreciation.

Before Photos

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St. Catharines house

After Photos

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St. Catharines house after renovations

Fix & Flip

Pickering Flip

Pickering, Ontario

Purchased

October 2019

$643,500

Renovation

$60,000 full interior overhaul

Exit

Sold December 2020 for $823,000

  • Converted the basement into a self-contained unit while modernizing the main floor living areas.
  • Managed design and most of the renovation work personally with part-time contractors and family support.
  • Achieved a clean exit inside 14 months while living on-site—a true hands-on project.

Before Photos

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Pickering living room before renovation

After Photos

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Pickering exterior after renovation

BRRRR / Value-Add

Oshawa Triplex Conversion

Oshawa, Ontario

Purchased

May 2021

$608,000

Renovation

$200,000 extensive rebuild

Exit

Refinanced and held for long-term cash flow

  • Acquired as a legal duplex and executed a conversion to a fully-legal triplex.
  • Upgraded mechanicals, fire separation, and finishes to support three high-quality units.
  • Working closely with contractors and the city to navigate complex approvals and maximize refinancability.

Before Photos

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Oshawa kitchen before renovation

After Photos

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Oshawa renovated kitchen

What's next

I am actively sourcing the next repositioning opportunity—ideally a small to medium multifamily asset in Ohio or a resilient Midwest market with solid fundamentals. I will be launching a fund soon and I am also open to joint ventures where I can bring underwriting, permitting know-how, contractor, and value-add oversight to the table. Reach out if you would like to receive deal memos as they come together.