Welcome to 1250 Davenport Rd A Rare Turn-Key Investment Property, professionally rebuilt & re-imagined by Reve DVMT with permits in 2021. This detached 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 Village, and Corso Italia, tenants enjoy fast access to transit, parks & amenities. Upgraded with gutted-to-bricks interior+exterior reno, all-new windows+doors, kitchens & baths; full plumbing, electrical & HVAC overhaul; industrial steel+glass features. Includes 3 laneway parking spots, + a 1-car garage for total of 4 parking spaces. Upper Unit will be vacant as of July 1, Main Unit willing to stay to go on buyer preference. Lower Unit on lease until August 31 (AAA Tenant). Rent potential $129K gross $116K Net (based based on performance over past 2 years). Premium finishes, high-quality rent-able suites, and thoughtful design for seamless management and stable cash flow - an ideal, low-maintenance investment opportunity for the discerning buyer. Note: photos are virtually staged. Zoning certificate obtained for a 3-level, 1,300+ sq ft laneway house, 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! (id:4069)
Address
1250 DAVENPORT ROAD
List Price
$2,399,888
Property Type
Multi-family
Type of Dwelling
Triplex
Area
Ontario
Sub-Area
Toronto (corso Italia Davenport)
Bedrooms
7
Bathrooms
4
Floor Area
15,002,000 Sq. Ft.
Lot Size
23.3 x 102.4 FT ; Widens to 36.92' At Rear Laneway Sq. Ft.
MLS® Number
W12095540
Listing Brokerage
KELLER WILLIAMS PORTFOLIO REALTY
Basement Area
N/A
Postal Code
M6H2G9
Site Influences
Place of Worship, Public Transit, Schools, View
Features
Irregular lot size, Lane, Lighting, Carpet Free, In-Law Suite
Amenities
Separate Heating Controls, Separate Electricity Meters
