Newly renovated Duplex featuring 3 x 1-bedroom units in the highly sought-after CorsoItalia-Davenport neighbourhood with stunning city views! This turnkey investment offers three bright, spacious units, all leased to excellent tenants (young professionals) with strong financials and great ROI - an ideal opportunity for investors seeking solid income and long-term growth. Recent Upgrades: New furnace (2025) - Roof (2014) - 25-year shingles, 15-year labour warranty (transferable to new owner); Water heater owned. Unit Features : Second Floor - Leased in 2021 - Elevated perch with views and abundant natural light.Main Floor - Leased in 2025 - Bright 1-bedroom with exclusive access to a 3-level backyard oasis with multiple terraces, fire pit (closed) , and breathtaking city views from the top of the back yard .Ground Floor - Leased in 2025 - 1-bedroom + den with parking. All units comes with Ensuite Laundry. Steps to public transit, shops, cafes, and restaurants -only 15 minutes to Downtown Toronto.Very motivated seller, and great opportunity for investors. Financials available upon request.
Address
1516 Davenport Road
List Price
$899,000
MLS® Status
New
Expiration Date
2026-02-28
Property Type
Residential Freehold
Type of Dwelling
Semi-Detached
Style of Home
2-Storey
Transaction Type
Sale
Area
Toronto W03
Sub-Area
Corso Italia-Davenport
Region
Toronto
Bedrooms
3 + 1
Bedrooms (Total)
4
Rooms Above Grade
12
Rooms Below Grade
1
Bathrooms
3
Floor Area
1500-2000 Sq. Ft.
Lot Size Source
GeoWarehouse
Lot Depth
100
Lot Size Units
Feet
Lot Width
24.17
Parcel Number
213150183
Occupant Type
Tenant
Cross Street
Davenport Rd / Lansdowne Ave.
MLS® Number
W12503360
Listing Brokerage
ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Basement Area
Apartment, Separate Entrance
Postal Code
M6H 2H8
Posession Details
All units tenanted, 2 leased in 2025, 1 month to month lease in 2020
Parking
Available, Boulevard, Front Yard Parking, Private
Parking Places (Total)
1
Parking Spaces
1
Tax Amount
$4,600.00
Tax Year
2025
Interior Features
Primary Bedroom - Main Floor, Storage
Central Vacuum
No
Family Room
Yes
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Gas
Heat Type
Heat Pump
Cooling Features
Central Air
Construction Materials
Aluminum Siding, Brick
Direction Faces
North
Fireplace
No
Foundation Details
Unknown
Garage
No
Garage Type
None
Kitchens Total
3
Kitchens Above Grade
3
Pool Features
None
Roof
Unknown
Tax Legal Description
PT LT 199-200 PL 1360 TORONTO AS IN CA724274; S/T & T/W CA724274; CITY OF TORONTO
Waterfront
No
Sewer
Sewer