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Est. payment /mo
New
1463 Davenport RD Toronto W02, ON M6H 2H6
12 Baths
11,500 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 11,500 sqft
Municipality Toronto W02
Subdivision Dovercourt-Wallace Emerson-Junction
MLS Listing ID W13874648
Annual Tax Amount $27,237
Tax Year 2026
Property Sub-Type Investment
Property 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.
Location
Province ON
County Toronto
Community Toronto W02
Area Toronto
Zoning Residential
Interior
Cooling Partial
Exterior
Utilities Available Yes
Lot Frontage 79.0
Lot Depth 101.0
Others
ParcelsYN No
Listed by INTRUST COMMERCIAL REAL ESTATE BROKERAGE INC.