Finally a real value add deal! Vacant multi residential corner building at Davenport Rd and Perth Ave, delivered with vacant possession. Last operated as approximately nine self contained residential units and still assessed by MPAC as multi residential with seven or more units.
Interior demolition is mostly complete: approximately 6,900 SF above grade over two and a half storeys plus a 2,000 SF walkout lower level, roughly 8,900 SF of standing structure, on a 5,522 SF corner lot with approximately 60 ft of frontage on Davenport and 88.1 ft of depth along Perth. Detached, with window openings on every elevation and separate entrances at the front, the rear and the lower level. Five parking spaces.
The buyer sets the unit count, the layout and the finish. Designated Mixed Use Areas and zoned CR 1.5 (c1.0; r1.5) SS2. Davenport Rd is among the corridors addressed by the City's 2025 Avenues amendments and the site falls within the major streets and missing middle framework.
No planning application has been made and no planner's opinion obtained; all permissions to be verified with the City. Offered unpriced with an offer date; the $1 list price is a system placeholder only. Sold as is, where is, including all contents.
The building is an active construction site and entry is at the visitor's own risk. Seller reserves the right to review a pre-emptive offer. SHOWINGS AND SAFETY.
Accompanied showings only, by appointment with the listing agent. The building is an active construction site with the interior demolished to the structure. Expect uneven and open floor areas, floor openings, exposed framing and wiring, protruding nails, glass and construction debris throughout, and limited lighting.
