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!
Property Type:
Residential Freehold
Property Sub Type:
Triplex
Home Style:
2-Storey
Approx. Age:
31-50
Total Approx Floor Area:
1500-2000
Depth:
102'4"31.2 m
Frontage:
23'3½"7.1 m
Lot Shape:
Irregular
Direction Faces:
North
Bedrooms:
4+3
Bathrooms:
4.0
Water supply:
Municipal
Kitchens:
3
Kitchens in Basement:
1
Bedrooms Above Grade:
4
Bedrooms Below Grade:
3
Kitchens Above Grade:
2
Rooms Above Grade:
11
Rooms Below Grade:
6
Ensuite Laundry:
No
Heating type:
Heat Pump
Heating Fuel:
Electric
Foundation:
Block
Roof:
Asphalt Shingle
Basement:
Apartment
Fireplace/Stove:
No
Garage:
Detached
Garage Spaces:
1.0
Parking Features:
Lane
Parking Spaces:
3
Total Parking Spaces:
4.0
Family Room:
No
Possession Details:
30-90 days
Lot Irregularities:
Widens to 36.92' At Rear Laneway
Pool:
None
Link:
No
HST Applicable To Sale Price:
Included In
Taxes:
$5,972.66 /
2024
Assessment:
$- /
-
Toronto W03
Corso Italia-Davenport
Toronto
Library, Place Of Worship, Public Transit, School
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
Deck, Lighting, Patio
Carbon Monoxide Detectors, Smoke Detector
None
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.
Any fixtures installed and/or owned by tenants
Brick
City
Floor
Type
Size
Other
Second
Kitchen
9'6"2.90 m × 7'11"2.41 m
Quartz Counter, Stainless Steel Appl, W/O To Patio
Second
Living Room
9'6"2.90 m × 7'11"2.41 m
Combined w/Kitchen, Window, Closet
Second
Primary Bedroom
11'1"3.38 m × 9'10"3.00 m
Large Window, 3 Pc Ensuite, South View
Second
Bedroom 2
9'2.74 m × 7'2"2.18 m
Skylight, Closet, Vinyl Floor
Main
Kitchen
8'4"2.54 m × 5'9"1.75 m
Quartz Counter, Stainless Steel Appl, W/O To Patio
Data was last updated May 9, 2025 at 01:15 PM (UTC)
Area Statistics
Listings on market:
10
Avg list price:
$1,489,450
Min list price:
$998,000
Max list price:
$2,399,888
Avg days on market:
60
Min days on market:
10
Max days on market:
682
These statistics are generated based on the current listing's property type
and located in
Toronto W03. Average values are
derived using median calculations.
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.