1463 Davenport RoadToronto W02, Toronto, ON, M6H 2H6
1463 Davenport RoadToronto W02, Toronto, ON, M6H 2H6
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Listing History
Buy/sell history for 1463 Davenport Road, Toronto W02, ON M6H 2H6
| Date Start | Date End | Event | Price | MLS# |
|---|---|---|---|---|
0 Transactions by CPRB Agents
Top Agents in Toronto W02
Description
Rare investment opportunity offering a 4.88% cap rate with 32% upside in rents - acquire the Iron Factory Lofts, a boutique two-storey hard loft corner building in the heart of the Junction-Davenport neighbourhood. This 11,500 SF mixed-use property features 11 authentic loft-style residential units with soaring 14-foot ceilings, exposed industrial details, abundant natural light, and private terraces, plus one ground-floor commercial retail space. The property generates a Net Operating Income (NOI) of $254,000 (inclusive of management fees, repairs & maintenance, salaries, structural reserves, and appliance reserves). This investment provides stable in-place income with significant value-add rental upside.
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$5,200,000
List price