Welcome to 1250 Davenport Rd A Rare Turn-Key Investment Professionally rebuilt & reimagined by Reve DVMT with permits in 2021, this legal triplex was crafted for low-maintenance & high-end living to attract AAA tenants. Offered at a 4.5% cap rate, it offers two spacious 2-bedroom suites & a 3-bedroom ground-level suite with private walkout. Each unit includes separate entrances, private landscaped spaces & tenant-paid utilities via dedicated meters. Situated near Wychwood, Dovercourt, and Corso Italia, tenants enjoy fast access to transit, parks & amenities. Upgraded with gutted-to-bricks interior+exterior reno with all-new windows+doors, kitchens & baths, & full plumbing, electrical & HVAC overhaul & Industrial steel+glass features. Includes 3 laneway parking spots, a 1-car garage, & zoning certificate for a 3-level, 1,300+ sq ft laneway house. Upper & lower units are leased to AAA tenants paying market rents, and owner-occupied unit can be leased at market rate. Premium finishes, high-quality tenants, and thoughtful design for seamless management and stable cash flow - an ideal, low-maintenance investment opportunity for the discerning buyer. And with the new major streets by-law allowing for up to 6 stories and 10 units on Davenport, there is plenty of future development opportunity. Don't miss this unique investment!
Address
1250 Davenport Road
List Price
$2,599,000
Property Type
Residential Freehold
Type of Dwelling
Triplex
Style of Home
2-Storey
Area
Toronto W03
Sub-Area
Corso Italia-Davenport
County
Toronto
Bedrooms
4 + 3
Bathrooms
4
Floor Area
2500 - 3000 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
103.26
Lot Shape
Pie
Lot Irregularities
Widens to 36.92' At Rear Laneway
Lot Size Units
Feet
Lot Width
23.29
Approx. Age
31 - 50 Years
MLS® Number
W11986178
Listing Brokerage
KELLER WILLIAMS PORTFOLIO REALTY
Basement Area
Apartment
Postal Code
M6H 2G9
Parking
Lane
Parking Places (Total)
4
Tax Amount
$5,972.66
Tax Year
2024
Exterior Features
Deck, Landscaped, Lighting, Patio
Interior Features
Accessory Apartment, Carpet Free, In-Law Capability, In-Law Suite, Primary Bedroom - Main Floor, Separate Hydro Meter, Upgraded Insulation, Water Heater Owned
Property Features
Library, Park, Place Of Worship, Public Transit, School
Heat Source
Electric
Heat Type
Heat Pump
Cooling
Wall Unit(s)
Construction Materials
Brick
Direction Faces
North
Foundation Details
Block
Garage Type
Detached
Kitchens Total
3
Pool Features
None
Roof
Shingles
View
City
Sewer
Sewer