1250 Davenport Road, Toronto (Corso Italia-Davenport), Ontario M6H 2G9 (28367425)
$2,299,888
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. (id:59911)
Property Details
| MLS® Number | W12173612 |
| Property Type | Multi-family |
| Neigbourhood | Corso Italia-Davenport |
| Community Name | Corso Italia-Davenport |
| Amenities Near By | Place Of Worship, Public Transit, Schools |
| Features | Irregular Lot Size, Lane, Lighting, Carpet Free, In-law Suite |
| Parking Space Total | 4 |
| Structure | Deck, Patio(s) |
| View Type | City View |
Building
| Bathroom Total | 4 |
| Bedrooms Above Ground | 4 |
| Bedrooms Below Ground | 3 |
| Bedrooms Total | 7 |
| Age | 31 To 50 Years |
| Amenities | Separate Heating Controls, Separate Electricity Meters |
| Appliances | Water Heater - Tankless, Water Heater, Water Meter, Dishwasher, Dryer, Microwave, Range, Stove, Washer, Window Coverings, Refrigerator |
| Basement Features | Apartment In Basement |
| Basement Type | N/a |
| Cooling Type | Wall Unit |
| Exterior Finish | Brick |
| Fire Protection | Smoke Detectors |
| Flooring Type | Vinyl |
| Foundation Type | Block |
| Heating Fuel | Electric |
| Heating Type | Heat Pump |
| Stories Total | 2 |
| Size Interior | 1,500 - 2,000 Ft2 |
| Type | Triplex |
| Utility Water | Municipal Water |
Parking
| Detached Garage | |
| Garage |
Land
| Acreage | No |
| Land Amenities | Place Of Worship, Public Transit, Schools |
| Sewer | Sanitary Sewer |
| Size Depth | 102 Ft ,4 In |
| Size Frontage | 23 Ft ,3 In |
| Size Irregular | 23.3 X 102.4 Ft ; Widens To 36.92' At Rear Laneway |
| Size Total Text | 23.3 X 102.4 Ft ; Widens To 36.92' At Rear Laneway |
Utilities
| Cable | Available |
| Electricity | Installed |
| Sewer | Installed |
Interested in 1250 Davenport Road, Toronto, Ontario M6H 2G9?
Paul King
Salesperson
3284 Yonge Street #100
Toronto, Ontario M4N 3M7
(416) 864-3888
(416) 864-3859
HTTP://www.kwportfolio.ca