$3,499,999Asking Price
531 Delaware Avenue N, Toronto C02, ON M6H 2V3
Davenport, Toronto
Prime downtown Toronto investment awaits in this well maintained 6-plex featuring four spacious two bedroom two bathroom units with separate in suite laundry and smart functional layouts that attract reliable tenants plus a versatile laneway house offering bonus living space for additional income or flexible use for a total of 6 legal units. Built in 2022 this property is NOT subject to rent control, delivering an impressive over 5 percent cap rate with all professional AAA tenants in place for a true set it and forget it stabilized asset that generates strong predictable cash flow. Underwriting documents, detailed financials, rent rolls, and supporting supplements are available for review. This rare opportunity in one of the city's most desirable urban cores won't last, don't let it pass you by!
Prime downtown Toronto investment awaits in this well maintained 6-plex featuring four spacious two bedroom two bathroom units with separate in suite laundry and smart functional layouts that attract reliable tenants plus a versatile laneway house offering bonus living space for additional income or flexible use for a total of 6 legal units. Built in 2022 this property is NOT subject to rent control, delivering an impressive over 5 percent cap rate with all professional AAA tenants in place for a true set it and forget it stabilized asset that generates strong predictable cash flow. Underwriting documents, detailed financials, rent rolls, and supporting supplements are available for review. This rare opportunity in one of the city's most desirable urban cores won't last, don't let it pass you by!
See MoreKey Info
- 3-Storey Multiplex
- 1 Parking
- No Garage
- Dovercourt Rd / Dupont St
- 3500-5000 Approximate Sq Feet
- No Ensuite Laundry
- Forced Air Gas Heating
- Central Air
Property
- Excludes: Heat, Hydro, Water, Cable TV, Central A/C, Common Elements, Building Insurance, Parking
- Taxes were $14,678 in 2025
Details
- No Fireplace
- 6 Kitchens
- MLS #C12843388
- Royal Lepage Real Estate Associates
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Kitchen | Main | 6.99' x 13.98' | |
 | 10 Bathrooms | |||
How Far is Too Far?
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Who lives here?
Davenport, Toronto is a central Toronto neighbourhood notable for its singles, executives, education, law & public sector professionals, salespeople and tradespeople. It has a higher than average population of immigrants from Portugal, and Portuguese speakers. Residents tend to be older with a significant number of adults aged 25 to 44 and seniors aged 85 & above.
Families
Kids Per Family
1.1
kids per family
in the neighbourhood.
Gta ({{ '1.29999995231628' | number: 1 }})
Singles
51%
of residents are
single and loving it.
51% singles
Toronto (50%)Gta ({{ '44.8800010681152' | number: 0 }}%)
Renters
42%
of residents
are renters.
42% renters
Toronto (47%)Gta ({{ '33.0200004577637' | number: 0 }}%)
Education
42%
of residents are
university grads.
42% university grads
Toronto (48%)Gta ({{ '43.6699981689453' | number: 0 }}%)
Income
Average Household Income
$116K
is the average household
income in the neighbourhood.
Gta ({{ '135056.828125' | minifiedCurrency }})
Professions
Professions
| Sales | 17% |
| Business | 11% |
| Government | 10% |
| Trades | 9% |
| Management | 7% |
Immigrants
42%
of residents were
born outside of Canada.
42% immigrants
Toronto (48%)Gta ({{ '45.4300003051758' | number: 0 }}%)
Birthplace - All
11.7% from Portugal
All-time
Birthplace - Recent
0.4% from Brazil
Recent
Foreign Languages
Foreign Languages
| Portuguese | 18% |
| Spanish | 4% |
| Cantonese | 4% |
| Italian | 3% |
| Vietnamese | 2% |
Religions
Religions
| Christian | 63% |
| Buddhist | 4% |
| Muslim | 3% |
| Jewish | 2% |
| Hindu | 2% |
Social Housing
Social Housing Buildings
13
Social housing buildings
in the neighbourhood.
Shelters
Shelters
0
Homeless shelters in
the neighbourhood.
