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! **** 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. (id:51532)
Tags
Property Summary
Property Type
Single Family
Building Type
Triplex
Storeys
2
Community Name
Corso Italia-Davenport
Land Size
23.29 x 103.26 FT ; Widens to 36.92' At Rear Laneway
Parking Type
Detached Garage
Building
Bedrooms
Above Grade
4
Below Grade
3
Bathrooms
Total
7
Interior Features
Appliances Included
Water Heater - Tankless, Water Heater, Water meter, Dishwasher, Dryer, Microwave, Range, Refrigerator, Stove, Washer, Window Coverings
Flooring
Vinyl
Basement Features
Apartment in basement, Walk out
Basement Type
N/A
Building Features
Features
Lane, Lighting, Paved yard, Carpet Free, In-Law Suite
Foundation Type
Block
Building Amenities
Separate Heating Controls, Separate Electricity Meters
