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, ON M6H 2H6
| Date Start | Date End | Event | Price | MLS# |
|---|---|---|---|---|
0 Transactions by CPRB Agents
Top Agents in Toronto W02
Description
5.6% CAP RATE | 15% RENTAL UPSIDE | VTB AVAILABLE! 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 $252,000, inclusive of management fees, repairs & maintenance, payroll, structural reserves and appliance reserves. With 7 of the 11 residential units leased below market, this investment provides stable in-place income with meaningful value-add rental upside.
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$4,499,000
List price