$2,599,000Asking Price
1250 Davenport Road, Toronto, ON M6H 2G9
Regal Heights, Toronto
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!
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!
See MoreKey Info
- 2-Storey Triplex
- 4 Parking
- Detached Garage
- Davenport Rd and Dovercourt Rd
- 1500-2000 Approximate Sq Feet
- 31-50 Years Approximate Age
- No Ensuite Laundry
- HeatPump Electric Heating
Property
- Excludes: Heat, Hydro, Water, Cable TV, Central A/C, Common Elements, Building Insurance, Parking
- Taxes were $5,972 in 2024
- Possession: 30-90 days
Details
- Brick Exterior
- No Fireplace
- 3 + 1 Kitchens
- MLS #W11986178
- KELLER WILLIAMS PORTFOLIO REALTY
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Kitchen | Main | 13.81' x 11.94' | Quartz Counter, Stainless Steel Appliances, Walkout To Patio |
| 2 | Kitchen | Lower | 16.80' x 15.85' | Quartz Counter, Combined with Living, Walkout To Patio |
 | 1 3-Piece Bathroom | |||
| 1 3-Piece Bathroom | |||
| 1 3-Piece Bathroom on Main Floor | |||
| 1 3-Piece Bathroom on Lower | |||
Who lives here?
Regal Heights, Toronto is a central Toronto neighbourhood notable for its renters, university grads, executives, business, education, law & public sector and arts & culture professionals, salespeople and tradespeople. It has a higher than average population of immigrants from Portugal, and Italian, Spanish and Portuguese speakers. Residents tend to be younger with a significant number of adults aged 25 to 39, 25 to 39, 25 to 39 and 25 to 39 and seniors aged 65 to 69.
Families
Kids Per Family
1.1
kids per family
in the neighbourhood.
Gta (1.3)
Singles
49%
of residents are
single and loving it.
49% singles
Toronto (50%)Gta (45%)
Renters
55%
of residents
are renters.
55% renters
Toronto (47%)Gta (33%)
Education
55%
of residents are
university grads.
55% university grads
Toronto (48%)Gta (44%)
Income
Average Household Income
$145K
is the average household
income in the neighbourhood.
Gta ($135K)
Professions
Professions
| Sales | 17% |
| Business | 13% |
| Government | 11% |
| Management | 10% |
| Culture | 9% |
Immigrants
33%
of residents were
born outside of Canada.
33% immigrants
Toronto (48%)Gta (45%)
Birthplace - All
6.4% from Portugal
All-time
Birthplace - Recent
0.3% from Other South America
Recent
Foreign Languages
Foreign Languages
| Italian | 6% |
| Portuguese | 6% |
| Spanish | 6% |
| French | 2% |
| Tagalog | 1% |
Religions
Religions
| Christian | 60% |
| Jewish | 8% |
| Buddhist | 2% |
| Muslim | 1% |
| Hindu | 1% |
Social Housing
Social Housing Buildings
0
Social housing buildings
in the neighbourhood.
Shelters
Shelters
0
Homeless shelters in
the neighbourhood.
