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$ 5,200,000
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
Price per Sqft $452
Subdivision Dovercourt-Wallace Emerson-Junction
MLS Listing ID W12490262
Annual Tax Amount $27,237
Tax Year 2025
Property Sub-Type Investment
Property 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.
Location
Province 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
Virtual Tour https://unbranded.youriguide.com/1463_davenport_rd_toronto_on/
Listed by INTRUST COMMERCIAL REAL ESTATE BROKERAGE INC.