390 Davenport Road

**Fantastic Investment Opportunity Awaits**! Nestled in the heart of Toronto's prestigious Casa Loma neighbourhood, this remarkable Multi-Family Home for sale in Toronto at 390 Davenport Road, Toronto, presents a unique blend of character, functionality, and investment potential. This rare multiplex, boasting a charming brick exterior, is a true gem in the area, offering an impressive total of 11 rooms and an additional 5 rooms, making it an ideal choice for those looking to invest in a property with substantial rental income.

The property features four self-contained units, each with its own distinct appeal. Among these, you will find two spacious 2-bedroom, 2-bathroom suites designed for comfortable living, perfect for families or individuals seeking a bit more space. Additionally, there is a well-appointed 1-bedroom, 1-bathroom unit that is ideal for professionals or couples looking for a cosy yet functional living space. Lastly, the charming studio unit offers a perfect opportunity for short-term rentals or supplementary income, making this Multi-Family Home for sale in Toronto an attractive investment for savvy buyers.

Located at 390 Davenport Road, Toronto, this property is not just about the living spaces; it also comes with a double car garage, providing ample parking and convenience. The stunning private patio off the upper unit is an inviting feature, perfect for enjoying morning coffee or hosting evening gatherings with friends. The fully fenced yard enhances the sense of privacy and serenity, which is a rare find in such a central location.

One of the standout features of this Multi-Family Home for sale in Toronto is the thoughtful renovations that have been completed over the years. Modern touches have been added while maintaining the integrity of the original structure, significantly improving daily livability. Each unit is separately metered for hydro, simplifying management and tenant responsibility, making it an ideal choice for both first-time investors and seasoned property owners.

The property is situated on a generous lot measuring 38 X 116 feet, providing plenty of outdoor space for residents to enjoy. Although there is no swimming pool, the ample yard space allows for various outdoor activities and relaxation. The building is equipped with wall unit air conditioning, ensuring comfort during the warmer months, while the water heating system provides a reliable source of warmth throughout the colder seasons.

As for amenities, this Multi-Family Home for sale in Toronto is conveniently located just steps away from the iconic Casa Loma Castle, a landmark that adds to the charm of the neighbourhood. Residents will also benefit from easy access to public transport, making commuting a breeze. The area is home to top-rated schools and vibrant local amenities, ensuring that everything you need is within reach.

Moreover, the property is unfurnished, allowing new owners to personalise each unit according to their taste and style. The absence of a central vacuum system and family room does not detract from the overall appeal of this property; instead, it provides a blank canvas for potential buyers to create their ideal living spaces.

In summary, this Multi-Family Home for sale in Toronto at 390 Davenport Road, Toronto, is a fantastic investment opportunity that combines character, functionality, and potential rental income. With its prime location in Casa Loma, impressive features, and well-maintained units, this property is not just a house; it's a chance to own a piece of Toronto's architectural legacy while maximising flexibility and long-term returns. Don’t miss out on this rare opportunity to invest in a property that truly has it all!

Casa Loma is a picturesque neighbourhood in Toronto, renowned for its stunning architectural gem, Casa Loma itself—a grand castle that offers a glimpse into the city’s history and charm. Nestled amidst lush gardens and tree-lined streets, this area boasts a unique blend of residential homes, ranging from elegant mansions to quaint cottages, creating a tranquil suburban atmosphere while remaining conveniently close to the vibrant pulse of downtown Toronto. Residents enjoy easy access to local parks, boutique shops, and a variety of dining options, all set against the backdrop of the castle’s majestic towers. With its rich heritage and serene environment, Casa Loma is an enchanting place to call home.

Schools in the Neighbourhood

This property is conveniently located near several reputable schools, making it an ideal choice for families. Within a short distance, you'll find Huron Street Junior Public School, just 0.7 km away, offering grades JK to 6 with a solid rating of 7.2. Jesse Ketchum Junior and Senior Public School, located 1.1 km away, provides education from JK to 8 and boasts a higher rating of 7.8. For secondary education, Harbord Collegiate Institute is 2.0 km from the property, with an impressive rating of 8.8, serving grades 9 to 12. Additionally, Holy Rosary Catholic School, 1.2 km away, offers a strong curriculum in both English and French for grades JK to 8, rated at 8.7. Other nearby options include St. Joseph's College School and Marshall McLuhan Catholic Secondary School, both offering quality education for older students. Overall, the area is rich in educational resources, with a variety of public and Catholic schools that cater to different language preferences and grade levels, ensuring that your children have access to excellent learning environments.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 1,118 residents, with an average household size of 1.7 individuals. The demographic profile reveals an average age of 42.8 years, indicating a mature community. The average household income stands at an impressive $166,000, although 15.5% of the population is classified as low-income. The real estate market reflects high property values, with an average price of $1,264,000. A significant portion of the population is single, comprising 53.92%, while households with children account for 21.82%. The community is notably diverse, with 27.43% of residents being immigrants. Renters make up 43.08% of the housing market, and condos represent a substantial 51.54% of the available properties. Education levels are high, with 77.23% of residents holding a college or university degree. However, a notable 32.18% of the population is not actively participating in the labor force. Overall, this area presents a blend of affluence, diversity, and educational attainment, making it an attractive location for potential homebuyers and investors alike.