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
ROOMSW11908863
MLSIDContact Us
Property Description
Welcome to 1250 Davenport Rd A Rare Turn-Key Investment Professionally rebuilt & reimagined with permits in 2021, this legal triplex was crafted for low-maintenance & high-end living to attract AAA tenants. Offered at a 4.3% 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. Dont miss this unique investment!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-11-18 | 2024-12-23 | 35 | $2,699,900 | - | Terminated |
| 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 seamless management and stable cash flowan ideal, low-maintenance investment opportunity for the discerning buyer.
Nearby Intersections
St Clair & Dufferin (24)
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, W/O
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' | Closet, Combined W/Kitchen, Window |
| Prim Bdrm | 2nd | 13.02' x 12.53' | 3 Pc Ensuite, Large Window, South View |
| 2nd Br | 2nd | 8.60' x 9.32' | Closet, Skylight, 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 |
| Prim Bdrm | 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' | Quartz Counter, Combined W/Living, W/O To Patio |
| Prim Bdrm | 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 $1,108,384 (69.6%) higher than the average sold price of $1,591,516 in the last 30 days (December 18 - January 16). During the last 30 days the average sold price for a 4 bedroom home in Toronto declined by $319,576 (16.7%) compared to the previous 30 day period (November 18 - December 17) and down $91,149 (5.4%) from the same time one year ago.Inventory Change
There were 227 4-bedroom homes listed in Toronto over the last 30 days (December 18 - January 16), which is down 21.5% compared with the previous 30 day period (November 18 - December 17) and up 72.0% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Toronto typically sold ($29,679) (1.9%) below asking price over the last 30 days (December 18 - January 16), which represents a $7,645 increase compared to the previous 30 day period (November 18 - December 17) and ($81,790) 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 (December 18 - January 16) stood at 53.7%, down from 77.9% over the previous 30 days (November 18 - December 17) and down from 72.7% 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 40 days when successfully sold over the last 30 days (December 18 - January 16), compared to 78 days before being removed from the market upon being suspended or terminated.Listing contracted with Keller Williams Portfolio Realty
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Start Building Equity Now. Introducing 50 Rose Ave, An Opportunity To Purchase A Key Piece Of Toronto Real Estate, Live In A Spacious And Bright Main Level Unit, And Offset Some Expenses By Renting Out Other Two Units. Over 3,600 Sq Ft Above Grade Living Space Across The Three Units, And An Additional 1,500+ In The Unfinished Basement Offering Immense Opportunity. Main Floor Is Currently Owner Occupied, 2nd Floor Pays $3,200/Mth, 3rd Floor Pays $2,300/Mth. Schools/Universities,Hospitals, And Tons Of Popular City Hotspots Just Around The Corner, They Aren't Making Anymore Real Estate Like This!
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