Toronto W02, ON M6H 2H6,1463 Davenport RD
Toronto W02, ON M6H 2H6,1463 Davenport RD
Toronto W02, ON M6H 2H6,1463 Davenport RD
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$4,999,999
Est. payment /mo
12 Baths

UPDATED:

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Municipality Toronto W02

Subdivision Dovercourt-Wallace Emerson-Junction

MLS Listing ID W12579000

Annual Tax Amount $27,237

Tax Year 2025

Property Sub-Type Investment

Property Description

Rare investment opportunity offering a 5.1% cap rate with 32% upside in rents. 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 $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.

Location

State ON

County Toronto

Community Dovercourt-Wallace Emerson-Junction

Area Toronto

Zoning Residential

Interior

Cooling Partial

Exterior

Utilities Available Yes

Lot Frontage 79.0

Lot Depth 101.0

Others

ParcelsYN No

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Listed by INTRUST COMMERCIAL REAL ESTATE BROKERAGE INC.

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Jacqui VandenHeuvel

Jacqui VandenHeuvel

+1(905) 926-4399

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