1281 Davenport Road
Dovercourt-Wallace Emerson-Junction, Toronto
$1,099,901
This well-located detached property offers a fantastic mixed-use investment with a ground-floor convenience store and a spacious 3-bedroom apartment upstairs. The current owners are retiring, presenting a rare chance to acquire a turnkey business with residential income in one. The property sold "As is, Where is".Property can be handed over empty at closing.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 1500-2000 sq. ft. |
| Property Tax | $8,607 |
| Lot Size | 26.19 ft x 66.03 ft |
| mls© Number | W13702334 |
| Listed By | HOMELIFE LANDMARK REALTY INC. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $5,630
- Property tax
- $717
- Heat allowance
- $150
- Housing costs
- $6,497 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$200,000
gross annual household income
- Payment at 4%
- $4,629 / mo
- Cash down
- $219,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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