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$2,599,000

Est. payment - /mo

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4 Beds

4 Baths

Active

1250 Davenport RD Toronto W03, ON M6H 2G9

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Kenneth Yim

Keller Williams Referred Urban Realty

ken@broadviewavenue.ca +1(416) 651-5653

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2500-3000

Subdivision Corso Italia-Davenport

MLS Listing ID W11986178

Style 2-Storey

Bedrooms 4

Building Age 31-50

Annual Tax Amount $5,972

Tax Year 2024

Property Sub-Type Triplex

Lot Depth 103.26

Lot Front 23.29

Property Description

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!

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, Primary Bedroom - Main Floor, Separate Hydro Meter, Upgraded Insulation, Water Heater Owned

Cooling Wall Unit(s)

Fireplace No

Heat Source Electric

Exterior

Exterior Feature Deck, Landscaped, Lighting, Patio

Parking Features Lane

Garage Spaces 1.0

Pool None

View City

Roof Type Shingles

Lot Frontage 23.29

Lot Depth 103.26

Total Parking Spaces 4

Building

Unit Features Library,Park,Place Of Worship,Public Transit,School

Foundation Block

Listed by KELLER WILLIAMS PORTFOLIO REALTY

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Kenneth Yim

Broker of Record | License ID: 9524831

+1(416) 651-5653

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