1042 Davenport Rd

GREAT RESIDENTIAL TRIPLEX! OVER 7% CAP RATE POTENTIAL. PERFECT FOR INVESTORS OR MULTI-GENERATIONAL LIVING. UPDATED/RENOVATED THROUGHOUT. EACH OF THE THREE UNITS IS A VERY SPACIOUS, SELF-CONTAINED 2-BEDROOM, 4 PC BATH WITH FULL KITCHEN APARTMENT. 2 NEW KITCHENS (UNIT #2 & UNIT#3). UNIT #1 KITCHEN WAS RENOVATED PREVIOUSLY AS WELL. FLOORING IS A COMBINATION OF HARDWOOD FLOORING, ENGINEERED HARDWOOD FLOORING AND VINYL WATERPROOF PLANK FLOORING. BATHROOMS HAVE ALL BEEN UPDATED. UPDATED WINDOWS. WATERPROOFING WAS DONE NOT LONG AGO ALONG THE BUILDING FRONT WALL. PORCH RAILING IS ALSO AN UPDATE, AS WELL AS, THE FRONT ENTRY PORCH ITSELF. SAFETY SENSOR LIGHTS ON THE COMMON STAIRWAYS/LANDINGS. TWO OVERSIZED SINGLE GARAGES AT THE REAR OF THE BUILDING. OUTDOOR REAR STORAGE SHED. ON SITE LAUNDRY ROOM WITH COIN OPERATED MACHINES FOR TENANTS CONVENIENCE ALSO ADD TO YOUR REVENUE STREAM. NEW RENTAL HIGH EFFICIENCY BOILER SYSTEM. SMOKE DETECTORS. MAIL IS DELIVERED INDEPENDENTLY TO EACH MAILBOX. ALL 3 UNITS ARE SEPARATELY METERED! IMPECCABLY KEPT AND FRESHLY PAINTED! DEDICATED PARKING FOR EACH UNIT PLUS GUEST PARKING AVAILABLE. CLOSE PROXIMITY TO ALL AMENITIES. QUICK ACCESS TO SUBWAY/PUBLIC TRANSPORTATION AND HIGHWAY. DON'T MISS THIS OPPORTUNITY TO INVEST IN A PROPERTY WITH CONSISTENT RENTAL DEMAND AND AN EXCELLENT LOCATION. IDEAL FOR TURNKEY INVESTORS OR END-USERS. SELLER IS MOTIVATED TO SELL. A RARELY AVAILABLE RESIDENTIAL MULTIPLEX. RESIDENTIAL FINANCING IS AN ADDED VALUE. A WONDERFUL CHANCE TO START OR EXPAND YOUR INVESTMENT PORTFOLIO. THE PROPERTY IS IN STELLAR CONDITION AND TRULY A REMARKABLE OPPORTUNITY FOR BUYERS.

GREAT INVESTMENT PROPERTY, STEPS FROM SCARBOROUGH HOSPITAL. THREE 3-BEDROOM APARTMENTS. HARDWOOD FLOORS THROUGHOUT, FIRE SAFETY DOORS, NEW ROOF (2021), COIN OPERATED WASHER AND DRYER. PARKING SPACE FOR 6 CARS. FEW MINUTES RIDE TO SCARBOROUGH TOWN CENTRE. TRIPLEX, CAN BE RENTED OUT AS RESIDENTIAL UNITS OR LIVE AND YOUR MORTGAGE IS PAID FOR BY YOUR TENANTS.

If you have a Good Vision then this is a Golden opportunity for you to own this large LEGAL triplex on a big 50x120 feet lot with 100% occupancy. Current Cap rate is 4.1 % but has a Potential to increase to 5.1%. The property has 3 bedroom apartments on main and upper levels with balconies and a 2 bedroom basement apartment. Located in the sought after "Sherway Gardens" community with easy access to parks, schools, Trillium Hospital, Humber College, Plazas, Grocery store, Banks, Highways & TTC. 15 mins from Toronto Downtown. This incredible, very well maintained property comes with lots of upgrades AC 2020, Furnace 2020, Windows 2012 & Floors 2019. Upgraded kitchens with quartz countertops, upgraded washrooms with glass standing showers. Don't miss this Opportunity!!

Apartment #1 Renovation 2023, New Energy Efficient Heating System with Nest Thermostat (2023), Roof Vent Guards (Raccoon intruder prevention) 2022, Attic Insulation 2022, New Roof 2020, Stair Treads, Risers & Stairwell Flooring 2019, Coin-operated Washer & Dryer 2019, Driveway Pavement Resurface2017, Waterproof Foundation Seal 2017, Apartment #2 & #3 Washrooms Renovated 2010, Exterior Shed2009. High Demand location for Tenants. Walking distance to T T C, Parks, Lake Ontario, Humber College & 24 Hour Rabba. Close To Hw427, Q E W, Gardiner Exp way, 12 Minute Drive To Downtown.

OFFERS ANYTIME! Fully vacant on closing!! Welcome to this impeccably crafted legal triplex with a gross rent of over $100k annually, each equipped with their own laundry areas. Long term or short term rental - this is the perfect investment opportunity. Built recently with adherence to updated building codes and permits, ensuring peace of mind for years to come. In the heart of the beaches, Strategically designed for maximum functionality and income potential, each unit has been renovated with superior craftsmanship, boasting top-quality finishes throughout. No expense has been spared, guaranteeing a residence that radiates both elegance and functionality. The property includes a detached double car garage, providing ample parking and storage space, and driveway parking. The property is equipped with two furnaces, two tankless hot water tanks, and two AC units, ensuring efficient climate control and comfort. The basement and main floor share one furnace and AC unit, while the upper unit has their own dedicated systems. 3 Hydro meters and 2 gas meters make this property very easy for a landlord to maintain. Don't miss this opportunity to own a turnkey investment property or a spacious residence with income potential in a prime location. Experience the epitome of modern living and investment convenience with this exceptional triplex. To be sold with 2 vacant units!