1463 DAVENPORT ROAD|Toronto (Dovercourt-Wallace Emerson-Junction), Ontario M6H2H6

MLS Number: W12579000

Property Details: • Type: Multi-family • Ownership Type: N/A • Bedrooms: N/A • Bathrooms: 12 • Building Type: Multi-Family • Building Size: N/A sqft • Building Storeys: N/A • Building Amenities: N/A • Floor Area: N/A • Land Size: N/A • Land Frontage: N/A • Parking Type: N/A • Parking Spaces: N/A

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. (41718397)

Agent Information: • Agents: STEVEN LORENZI; JOSEF KHOUDATOV • Contact: 905-902-0452; 416-930-3890 • Brokerage: INTRUST COMMERCIAL REAL ESTATE BROKERAGE INC.; INTRUST COMMERCIAL REAL ESTATE BROKERAGE INC. • Website: http://www.intrustcre.com/; http://www.intrustcre.com/

Time on Realtor: N/A