1250 Davenport Road in Toronto: Corso Italia-Davenport House for sale (Toronto W03) : MLS®# W12173612

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.

General Info:

Property Type:: Residential Freehold

Property Sub Type:: Triplex

Home Style:: 2-Storey

Approx. Age:: 31-50

Total Approx Floor Area:: 1500-2000

Depth:: 102'4"31.2 m

Frontage:: 23'3½"7.1 m

Lot Shape:: Irregular

Direction Faces:: North

Bedrooms:: 4+3

Bathrooms:: 4.0

Water supply:: Municipal

Kitchens:: 3

Kitchens in Basement:: 1

Bedrooms Above Grade:: 4

Bedrooms Below Grade:: 3

Kitchens Above Grade:: 2

Rooms Above Grade:: 11

Rooms Below Grade:: 6

Additional Info:

Heating type:: Heat Pump

Heating Fuel:: Electric

Foundation:: Block

Roof:: Asphalt Shingle

Basement:: Apartment

Fireplace/Stove:: No

Garage:: Detached

Garage Spaces:: 1.0

Parking Features:: Lane

Parking Spaces:: 3

Total Parking Spaces:: 4.0

Family Room:: No

Possession Details:: 30-90 days

Lot Irregularities:: Widens to 36.92' At Rear Laneway

Pool:: None

Financial Info:

HST Applicable To Sale Price:: Included In

Taxes:: $5,972.66 / 2024

Assessment:: $- / -

Listing Area:

Toronto W03

Listing Sub-Area:

Corso Italia-Davenport

County Or Parish:

Toronto

Property Features / Area Influences:

Library, Place Of Worship, Public Transit, School

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

Exterior Features:

Deck, Lighting, Patio

Security Features:

Carbon Monoxide Detectors, Smoke Detector

Inclusions:

Existing appliances: 3 sets of Samsung ranges, fridges, & stovetop microwave+vent fans, 3 Bosch dishwashers, 3 LG washers and LG dryers. Tankless hot water heater. All Electric Light Fixtures. Window coverings except those belonging to tenants.

Exclusions:

Any fixtures installed and/or owned by tenants

Exterior Finish:

Brick

View:

City

Room Information: