1297 DAVENPORT ROAD, Toronto (Dovercourt-Wallace Emerson-Junction), Ontario, M6H2H3

Property Description

This fully renovated semi offers layered income potential in a transit-connected location investors actively pursue. The thoughtfully designed 3-bedroom main and upper level features a modern kitchen with quartz counters and clean contemporary finishes, while the self-contained lower-level suite includes a separate entrance, full kitchen, and bath - ideal for dual rental streams or owner-occupancy with income support. The layout is configured for maximum flexibility, allowing you to lease both units for optimized cash flow, live in one while offsetting your mortgage, or hold as a scalable long-term portfolio addition. Laneway housing potential introduces a compelling value-add component - an opportunity to increase density and future returns in a city actively embracing gentle intensification. Strong rental demand supported by proximity to TTC, major routes, and everyday amenities drives stable occupancy and long-term appreciation. With performance metrics competitive within the area, this asset positions strategically from both a cap-rate and equity-growth perspectives. Location. Income. Expansion potential. An intelligent acquisition in today's Toronto market - appealing to first-time buyers, seasoned investors, and forward-thinking developers alike. (id:64974)

Quick Facts

• Property Type: Townhouse (Freehold)
• Bedrooms: 4 (3 above, 1 below)
• Bathrooms: 3 (1 half)
• Ownership: Freehold
• Attached: Yes
• Parking: 2 spaces (No Garage)
• Frontage: 17 ft (5.1 m)

Costs

• Annual Taxes: $4,624.00

Listing Provided by: FOREST HILL REAL ESTATE INC.
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.