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Key Facts
Key facts for 1463 Davenport Road
Property Type
Commercial
Parking
Outside/Surface
MLS #
W12490262
Size
-
Basement
-
Listed on
2025-10-30
Lot size
79 x 101.0
Tax
$27,237.40 /yr
Days on Market
0
Approximate Age
-
Maintenance Fee
-
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.
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