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. 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. Photos are virtually staged. Over $116K Net Operating Income. 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
$1,999,800
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
2-Storey
Area
Toronto W03
Sub-Area
Corso Italia-Davenport
County
Toronto
Bedrooms
4 + 3
Bathrooms
4
Floor Area
1500 - 2000 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
102.36
Lot Shape
Irregular
Lot Irregularities
Widens to 36.92' At Rear Laneway
Lot Size Units
Feet
Lot Width
23.29
Approx. Age
31 - 50 Years
MLS® Number
W12067114
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, Lighting, Patio
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
Property Features
Library, Place Of Worship, Public Transit, School
Heat Source
Electric
Heat Type
Heat Pump
Cooling Features
Wall Unit(s)
Construction Materials
Brick
Direction Faces
North
Foundation Details
Block
Garage Type
Detached
Kitchens Total
3
Pool Features
None
Roof
Asphalt Shingle
Security Features
Carbon Monoxide Detectors, Smoke Detector
View Type
City
Sewer
Sewer