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!
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.
City: Toronto
Neighborhood: Corso Italia-Davenport
Located at 1250 Davenport Rd , this Toronto house went off the market on null. This house's size is 1500-2000 Sqft. It has 4 bedrooms and 4 bathrooms. The property includes the following rooms: Kitchen, Living, Primary, 2nd Br, Kitchen, Living, Primary, 2nd Br, Kitchen, Living, Primary, 2nd Br, 3rd Br. This property comes with 4 parking spots. 1250 Davenport Rd, Toronto is situated in the Corso Italia-Davenport neighbourhood.
MLS#: W11986178 · $2,599,000 · 4 bedroom house in Corso Italia-Davenport, Toronto