1250 Davenport Road, Toronto, M6H 2G9
7 Bedrooms | 4 Bathrooms | 1500-2000 SQ FT
Status: For Sale | 17 days on the market
$1,999,800
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About This Home
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. 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. Photos are virtually staged. Over $116K Net Operating Income. 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!
More Details
- Type: Residential
- Cooling: Wall Unit(s)
- Parking Space(s): 3