$1,095,000

For sale

1259 Davenport Road, Toronto (Dovercourt-Wallace Emerson-Junction) - Single Family for Sale

1259 Davenport Road, Toronto (Dovercourt-Wallace Emerson-Junction), Ontario, M6H2H2

6 beds2 baths0 parking1,750 ft²14 × 77 ft (1,101 sq ft) lot sizeListed 44 days ago

Overview

This 6-bedroom, 2-bathroom home in Toronto is for sale offering roughly 1,750 sq ft of space. Listed at $1,095,000, it is attractively priced about 13% below the $1,259,000 median asking price in Toronto. It has been on the market 44 days, fresher than the Toronto average of 54 days.

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Description

A Two-Unit Property Opportunity in Toronto! Investors and house hackers, discover 1259 Davenport Rd, a substantial 3-storey freehold townhome offering over 2,000 sq. ft. of living space and the potential to generate approximately $6,000/month in rental income. This recently updated home features 5+1 bedrooms, 2 kitchens, multiple private decks and two separate basement entrances, creating an ideal setup for investors seeking strong income potential or buyers looking to house hack and significantly reduce their monthly cost of living. Live in one portion while generating rental income from the additional living spaces, or maximize the property's income potential as an investment. The standout feature is the spacious rooftop deck with unobstructed panoramic views of the downtown Toronto skyline and CN Tower. Ideally located just steps from the Geary Avenue revitalization and future Galleria on the Park, with Ossington, St. Clair West and Bloor all nearby, along with an incredible selection of restaurants, bars, breweries, entertainment and transit. A rare opportunity to secure a flexible, high-income property in one of Toronto's most dynamic and rapidly transforming neighbourhoods. (id:66096)

Property Details

MLS®: W13815862
Property Type: Single Family
Bedrooms: 6
Beds (above / below): 5 above · 1 below
Bathrooms: 2
Parking: 0
Interior Size: 1,750 ft²
Lot Size: 14 × 77 ft (1,101 sq ft)
Frontage: 14 ft
Storeys: 2
Basement: Finished, Full, Separate entrance, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Window air conditioner
Garage: No Garage
Ownership: Freehold
Property Tax: $4,253.05/yr
Listed: 44 days ago

Rooms

Main level

Living room: 2.91 x 3.79 meters
Kitchen: 3.09 x 4.18 meters
Bedroom: 3.04 x 3.04 meters

Second level

Kitchen: 3.01 x 2.59 meters
Bedroom: 4.07 x 3.43 meters
Bedroom: 2.45 x 3.73 meters

Third level

Bedroom: 3.98 x 3.53 meters
Bedroom: 3.98 x 3.05 meters

Basement

Bedroom: 3.78 x 3.23 meters

Features

Appliances: Washer, Dishwasher, Dryer, Microwave, Two stoves, Water Heater, Two Refrigerators
Foundation: Unknown
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

44d

Toronto (Dovercourt-Wallace Emerson-Junction) listings, avg age

54d

Price / ft²

$626

List price

$1.09M

Homes here sell faster than most markets

Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 6-bed single family in Toronto (Dovercourt-Wallace Emerson-Junction) has been listed for 44 days, which is 10 days fresher than the city average of 54. Act while there is still low competition.

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Listed by Rock Star Real Estate Inc., Brokerage · JOSHUA ARNETT

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M6H)

This home lists at $1,095,000, about 13.2× the local median household income of $83,000.

Carrying it typically needs a household income of about $213,892 (20% down, 25-yr amortization, stress-tested) — roughly 158% above the area median.

Median household income: $83,000
Population: 43,730
Median age: 38.4
Owner / renter: 49% / 52%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA M6H)

$1,095,000· $626/ft²

For sale

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Full Cost Breakdown

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Down Payment7.72% · $84,500.00

Min 7.72%50%

Mortgage payment$5,602/mo

↳ CMHC premium ($40,420 capitalized)

Property tax (est.)$354/mo

Total monthly$5,957

Cash Needed to Close

Down payment (7.72%)$84,500

Land transfer tax$36,750

Est. closing costs$5,785

Total cash needed$127,035

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