Homes for sale - 1250 DAVENPORT ROAD, Toronto (corso Italia-davenpo...

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Roshan Basnet

realtorbasnet@gmail.com +1(647) 818-7373

$ 2,299,888

Est. payment | -/mo

7 Beds

4 Baths

1,500 SqFt

Save

$ 2,299,888

Est. payment | -/mo

Save

7 Beds

4 Baths

1,500 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,500 sqft

Price per Sqft $1,533

Subdivision Corso Italia-Davenport

MLS® Listing ID W12173612

Bedrooms 7

Source Toronto Regional Real Estate Board

Property Description

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. (id:24570)

Location

Province ON

Rooms

Kitchen 3.0

Extra Room 1 Second level 4.47 m X 6.42 m Kitchen

Extra Room 2 Second level 4.47 m X 6.42 m Living room

Extra Room 3 Second level 3.82 m X 3.97 m Primary Bedroom

Extra Room 4 Second level 2.84 m X 2.62 m Bedroom 2

Extra Room 5 Lower level 3.63 m X 3.95 m Primary Bedroom

Extra Room 6 Lower level 3.95 m X 2.39 m Bedroom 2

Interior

Heating Heat Pump

Cooling Wall unit

Flooring Vinyl

Exterior

Parking Features Yes

View Y/N Yes

View City view

Total Parking Spaces 4

Private Pool No

Building

Story 2

Sewer Sanitary sewer

Listed by KELLER WILLIAMS PORTFOLIO REALTY

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(647) 818-7373

realtorbasnet@gmail.com

4145 North Service Rd Unit: Q 2nd Floor L7L 6A3, Burlington, ON, Canada

1250 DAVENPORT ROAD Toronto (corso Italia-davenport), ON M6H2G9