1250 Davenport Rd
Corso Italia-Davenport, Toronto, M6H 2G9
FOR SALE
$2,699,900
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4 + 3
BEDROOMS4
BATHROOMS2 + 1
KITCHENS11 + 6
ROOMSW10428642
MLSIDContact Us
Property Description
Welcome to 1250 Davenport Rd A Rare Turn-Key Investment Professionally rebuilt & reimagined withpermits in 2021, this legal triplex was crafted for low-maintenance & high-end living to attract AAAtenants. Offered at a 4% cap rate, it offers two spacious 2-bedroom suites & a 3-bedroom ground-levelsuite with private walkout. Each unit includes separate entrances, private landscaped spaces & tenant-paidutilities via dedicated meters. Situated near Wychwood, Dovercourt, and Corso Italia, tenants enjoy fastaccess to transit, parks & amenities. Upgraded with gutted-to-bricks interior+exterior reno with all-newwindows+doors, kitchens & baths, & full plumbing, electrical & HVAC overhaul & Industrial steel+glassfeatures. Includes 3 laneway parking spots, a 1-car garage, & zoning certificate for a 3-level, 1,300+ sq ftlaneway house. Upper & lower units are leased to AAA tenants paying market rents, and owner-occupiedunit can be leased at market rate. Dont miss this unique investment!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-11-07 | 2024-11-18 | 11 | $2,799,900 | - | Terminated |
| 2021-03-12 | 2021-03-16 | 3 | $975,000 | $1,271,000 | Sold |
Extras
This property is turn-key with premium finishes, high-quality tenants, and thoughtful design for seamlessmanagement and stable cash flow. An ideal, low-maintenance investment opportunity for the discerningbuyer.
Nearby Intersections
St Clair & Dufferin (38)
Property Features
Library, Park, Place Of Worship, Public Transit, School
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Property Details
Street
Community
City
Property Type
Triplex, 2-Storey
Lot Size
23' x 103'
Lot Irregularities
Widens to 36.92' At Rear Laneway
Fronting
North
Taxes
$5,973 (2024)
Basement
Apartment
Exterior
Brick
Heat Type
Heat Pump
Heat Source
Electric
Air Conditioning
Wall Unit
Water
Municipal
Parking Spaces
3
Driveway
Lane
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | 2nd | 21.06' x 14.67' | W/O To Patio, Quartz Counter, Stainless Steel Appl |
| Living | 2nd | 21.06' x 14.67' | Combined W/Kitchen, Window, Closet |
| Br | 2nd | 13.02' x 12.53' | Large Window, 3 Pc Ensuite, South View |
| 2nd Br | 2nd | 8.60' x 9.32' | Skylight, Closet, Vinyl Floor |
| Kitchen | Main | 11.94' x 13.81' | W/O To Patio, Quartz Counter, Stainless Steel Appl |
| Living | Main | 14.34' x 16.01' | Large Window, Closet, Pot Lights |
| Br | Main | 11.38' x 9.12' | Pot Lights, Large Closet, Large Window |
| 2nd Br | Main | 9.42' x 8.83' | Vinyl Floor, Closet, Window |
| Kitchen | Lower | 15.85' x 16.80' | Combined W/Living, W/O To Patio, Quartz Counter |
| Br | Lower | 12.96' x 11.91' | Window, Closet, Vinyl Floor |
| 2nd Br | Lower | 7.84' x 12.96' | Vinyl Floor, Window |
| 3rd Br | Lower | 8.63' x 8.66' | Vinyl Floor, Window |
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Toronto Market Statistics
Toronto Price Trend
1250 Davenport Rd is a 4-bedroom 4-bathroom home listed for sale at $2,699,900, which is $795,843 (41.8%) higher than the average sold price of $1,904,057 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 4 bedroom home in Toronto declined by $84,958 (4.3%) compared to the previous 30 day period (September 21 - October 20) and down $159,815 (7.7%) from the same time one year ago.Inventory Change
There were 546 4-bedroom homes listed in Toronto over the last 30 days (October 21 - November 19), which is down 22.7% compared with the previous 30 day period (September 21 - October 20) and up 20.3% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Toronto typically sold ($35,760) (1.9%) below asking price over the last 30 days (October 21 - November 19), which represents a $7,729 decrease compared to the previous 30 day period (September 21 - October 20) and ($76,652) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 4-bedroom homes in Toronto over the last 30 days (October 21 - November 19) stood at 54.6%, up from 40.1% over the previous 30 days (September 21 - October 20) and up from 47.6% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 4-bathroom home in Toronto stood at 22 days when successfully sold over the last 30 days (October 21 - November 19), compared to 50 days before being removed from the market upon being suspended or terminated.Listing contracted with Keller Williams Portfolio Realty
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