Positive ROI hard to find in Toronto

[John Dare]

I want to buy my first property in Toronto (duplex/triplex house-hacking). When I crunch the numbers its hard to find positive ROI in reasonably central Toronto. Once I look outside Toronto I can find a good ROI.

Is there a tradeoff to make whereby buying inside Toronto provides a bad ROI but better property value appreciation, outside Toronto the ROI is good but the property value may grow at a slower rate?

I like in Toronto so would like to buy a Multi-Family home in Toronto to live in one unit and rent out other units, but finding a good ROI seems impossible in Toronto (unless I put a larger deposit down).

I would appreciate your thoughts and advice.

See a typical example below; $1.1m, 4 units, 20% deposit