1250 Davenport RD Active Save Request In-Person Tour Request Virtual Tour
Toronto W03,ON M6H 2G9
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision Corso Italia-Davenport
MLS Listing ID W12173612
Style 2-Storey
Bedrooms 7
Building Age 31-50
Annual Tax Amount $5,972
Tax Year 2024
Property Sub-Type Triplex
Property Description
Welcome to 1250 Davenport Rd A Rare Turn-Key Investment Opportunity. Expertly rebuilt & re-imagined by Reve DVMT with permits in 2021, this legal triplex is designed to deliver low-maintenance, high-end living that attracts AAA tenants. Offering incredible versatility, it features two spacious 2-bedroom suites (both will be vacant on possession) & a 3-bedroom ground-level suite with a private walkout. Perfect for co-owners, multi-generational families or savvy investors. Each unit boasts separate entrances, private landscaped spaces, spacious units with great storage, upgraded kitchens & baths, high end & durable finishes, & dedicated meters for easy allocation of utility payments. Situated near vibrant Wychwood, Dovercourt, & Corso Italia neighbourhoods, residents will enjoy easy access to transit, parks, & local amenities. The property underwent a gut-to-bricks renovation, showcasing meticulous craftsmanship with all-new windows, doors, kitchens, baths, & a full overhaul of plumbing, electrical, & HVAC systems. Industrial steel-and-glass accents add a modern edge to its premium finishes. Additional highlights include: 3 laneway parking spaces & a 1-car garage for a total of 4 parking spaces. Zoning certificate in place to build a 3-level, 1,300+ sq. ft. laneway house. Rent potential: $129K gross/$116K net, based on historical performance, it is priced at an attractive 5% cap rate! Simply buy it & earn right away, no work to be done! AAA tenant in the lower unit. With the new major streets by-law permitting up to 6 stories & 10 units on Davenport, there is also exciting future development potential. Whether you're seeking a stable, low-maintenance income property, a great place to share with friends or family, or a growth-oriented investment, 1250 Davenport delivers. Don't miss this rare opportunity to own a meticulously designed, high-performing asset in one of Toronto's most dynamic neighbourhoods! *Note some photos virtually staged.
Location
Province ON
County Toronto
Community Corso Italia-Davenport
Area Toronto
Rooms
Family Room No
Basement Apartment
Kitchen 3
Separate Den/Office 3
Interior
Interior Features Accessory Apartment,Carpet Free,In-Law Capability,In-Law Suite,On Demand Water Heater,Primary Bedroom - Main Floor,Separate Heating Controls,Separate Hydro Meter,Water Heater Owned,Water Meter
Cooling Wall Unit(s)
Fireplace No
Heat Source Electric
Exterior
Exterior Feature Deck,Lighting,Patio
Parking Features Lane
Garage Spaces 1.0
Pool None
View City
Roof Type Asphalt Shingle
Lot Frontage 23.29
Lot Depth 102.36
Total Parking Spaces 4
Building
Unit Features Library,Place Of Worship,Public Transit,School
Foundation Block
Others
Security Features Carbon Monoxide Detectors,Smoke Detector