As rent in Toronto skyrockets, getting in on the landlord game might not be such a bad idea. 

But it can be a risky choice, you can invest in a not-so-great building, you can have less than ideal tenants, there can be unexpected maintenance costs, and the list goes on. 

However, if you get it right it could be a very profitable investment. 

A living room in one of the units. 

And this purpose built 12-unit apartment building could be that golden ticket. 

New flooring has been installed in most of the units. 

Listed for $5,199,900, 2901 St. Clair Ave. E has a lot to offer including almost $250,000 a year in gross income and a four per cent capitalization rate (AKA cap rate).

One of the unrenovated units is vacant. 

For the uninitiated, a cap rate is an estimated rate of return on commercial real estate properties. A four per cent cap rate is considered to be lower risk. 

New stainless steel appliances in a renovated kitchen. 

Some other things that definitely lower your risk as a landlord is the fact that 10 out of 12 units have been gutted and fully renovated.

The building has a Viessmann boiler and the furnace is from 2002. 

They have new kitchens, bathrooms, floors, windows, appliances, plumbing, wiring and air conditioning. 

There are six parking places.

Realtor Errol Paulicpulle told blogTO that the common areas have also been upgraded and there's a 9,000-square-foot, three-car garage. 

Another unit. 

So it's a pretty sweet deal, especially when you learn tenants pay hydro. 

The building offers two two-bedroom units, nine one-bedroom units and one bachelor unit. 

"As the listing agent, I also offer potential purchasers property management and rental services making this ideal for an investor who wants a turn-key, 'hassle free' investment," added Paulicpulle.

The building has a bus stop steps down the road and is a six-minute ride to Warden station. 

And when it comes to making money, low-risk and hassle-free is the dream in our humble opinion.