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Christopher Marinakos

cmarinakos@royallepage.ca +1(705) 305-9946

$ 2,399,888

Est. payment -/mo

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Active

1250 Davenport RD Toronto W03, ON M6H 2G9

7 Beds

4 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500-2000

Subdivision Corso Italia-Davenport

MLS Listing ID W12095540

Style 2-Storey

Bedrooms 7

Building Age 31-50

Annual Tax Amount $5,972

Tax Year 2024

Property Sub-Type Triplex

Property Description

Welcome to 1250 Davenport Rd A Rare Turn-Key Investment Property, professionally rebuilt & re-imagined by Reve DVMT with permits in 2021. This detached 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 Village, and Corso Italia, tenants enjoy fast access to transit, parks & amenities. Upgraded with gutted-to-bricks interior+exterior reno, all-new windows+doors, kitchens & baths; full plumbing, electrical & HVAC overhaul; industrial steel+glass features. Includes 3 laneway parking spots, + a 1-car garage for total of 4 parking spaces. Upper Unit will be vacant as of July 1, Main Unit willing to stay to go on buyer preference. Lower Unit on lease until August 31 (AAA Tenant). Rent potential $129K gross $116K Net (based based on performance over past 2 years). Premium finishes, high-quality rent-able suites, and thoughtful design for seamless management and stable cash flow - an ideal, low-maintenance investment opportunity for the discerning buyer. Note: photos are virtually staged. Zoning certificate obtained for a 3-level, 1,300+ sq ft laneway house, 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!

Location

Province ON

County Toronto

Community Corso Italia-Davenport

Area Toronto

Rooms

Family Room No

Basement Apartment

Kitchen 3

Separate Den/Office 3

Interior

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

Cooling Wall Unit(s)

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.

Exterior

Exterior Feature Deck, Lighting, Patio

Parking Features Lane

Garage Spaces 1.0

Pool None

View City

Roof Type Asphalt Shingle

Lot Frontage 23.29

Lot Depth 102.36

Total Parking Spaces 4

Building

Foundation Block

Others

Senior Community Yes

Security Features Carbon Monoxide Detectors,Smoke Detector

Listed by KELLER WILLIAMS PORTFOLIO REALTY

Christopher Marinakos

Agent

+1(705) 305-9946

Christopher Marinakos

1250 Davenport RD Toronto W03, ON M6H 2G9

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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1250 Davenport RD