1250 Davenport Road, Toronto, ON M6H 2G9, Toronto W03, ON
Bed 7
Bath 4
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!
Property Highlights
For Sale
MLS NO.
W11986178
Type
Residential Freehold
Sub Type
Triplex
Bedrooms
7
Bathrooms
4
Parking
4.0
Garage
Yes
Complete Property Details
Property Type
Residential Freehold
Sub Type
Triplex
Transaction Type
For Sale
Status
Cancelled
Contract Status
Unavailable
MLS® Number
W11986178
Living Area Range
1500-2000
Total Bedrooms
7
Bedrooms Above Grade
4
Bedrooms Below Grade
3
Total Bathrooms
4
Total Kitchens
3
Kitchens Above Grade
2
Kitchens Below Grade
1
Rooms Above Grade
11
Rooms Below Grade
6
Interior Features
Accessory Apartment, Carpet Free, In-Law Capability, In-Law Suite, Primary Bedroom - Main Floor, Separate Hydro Meter, Upgraded Insulation, Water Heater Owned
Fireplace
No
Central Vacuum Yn
No
Construction
Brick
Roof
Shingles
Lot Width
23.29
Parking Features
Lane
Parking Total
4.0
Covered Spaces
1.0
Garage Type
Detached
Garage
Yes
Pool
None
Direction Facing
North
Cooling
Wall Unit(s)
Heat Source
Electric
Heat Type
Heat Pump
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
1250 Davenport Road, Toronto, ON M6H 2G9
City
Toronto W03
Neighbourhood
Corso Italia-Davenport
County / Region
Toronto
Province / State
ON
Postal Code
M6H 2G9
Cross Street
Davenport Rd and Dovercourt Rd
Directions
On Davenport Rd at Dovercourt
Country
CA
List Price
$2,599,000
Annual Taxes
$5,973
Tax Year
2024
Legal Description
PT LT 24-26 PL D1396 TORONTO AS IN CT896347; S/T & T/W CT896347; CITY OF TORONTO
Possession Type
Flexible
Possession Details
30-90 days
Listing Office
KELLER WILLIAMS PORTFOLIO REALTY
Board
Toronto Regional Real Estate Board
Original Entry
2025-02-24T21:04:25Z
Media Updated
2025-02-24T21:04:25Z
Photos Updated
2025-02-24T21:04:25Z
Last Modified
2025-04-07T18:53:29Z
System Modified
2025-10-12T08:52:55.348699Z
MLS Status
Terminated
Architectural Style
2-Storey
Basement
Apartment
Ddfyn
Yes
Expiration Date
2025-05-24
Foundation Details
Block
Heat Source Multi
Electric
Heat Type Multi
Heat Pump
Hstapplication
Included In
Occupant Type
Owner+Tenant
Originating System Id
A00001796
Parcel Number
212860591
Parking Spaces
3
Property Features
Library, Park, Place Of Worship, Public Transit, School
Public Remarks
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!
