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1169 DAVENPORT ROAD, Toronto (Wychwood) — listed at $2,995,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
Newly built, thoughtfully designed residence offering a turnkey income fourplex offering an attractive projected cap rate of approximately 5%. Gross Rent (Est.) is $177,600 per annum, and Net Operating Income is approximately $154,554 per annum. Property is over 4,400 sq ft., comprised of four spacious, two-story townhome-style suites. Each suite features 2 bedrooms and 2 to 3 bathrooms, carefully laid out to maximize both functionality and comfort. The interiors are finished with contemporary design elements throughout, highlighted by sleek kitchens equipped with stainless steel appliances, stone countertops, and generous cabinetry. Bright and airy principal rooms are complemented by large windows and elevated ceiling heights, creating a warm, inviting living environment across all units. Three units have balconies and patios with gas connections for BBQs. The lower level is enhanced with radiant-heated polished concrete floors, delivering both modern appeal and year-round comfort. Additional features include in-suite laundry, electric fireplaces, efficient forced-air heating, and central air conditioning, ensuring convenience and ease of living for both owners and tenants. Located within the prestigious Wychwood / Hillcrest enclave, this address offers a refined urban lifestyle defined by character, culture, and convenience. Situated steps from transit along Davenport and near Ossington, the property offers easy access to surrounding neighbourhoods, parks, and local amenities, earning the area a reputation as a"Walker's Paradise. Just minutes from St. Clair Avenue West, residents enjoy easy access to shops, cafes, restaurants, and everyday essentials, along with convenient TTC transit connections to downtown Toronto and surrounding neighbourhoods. (id:60164)
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
What's the parking situation?+
This property includes 2 spaces.
What makes this a luxury property?+
At $2,995,000, standout features include 1892 sq ft. In this price range, expect higher-end finishes — verify during a showing.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $15,964, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Is 1169 DAVENPORT ROAD a good fit for a growing family?+
With 8 bedrooms and 2 bathrooms (1892 sq ft), there's room for kids plus a guest room or home office.
Is there air conditioning?+
Yes — fully air conditioned cooling is in place.
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