1259 Davenport Road, Toronto, ON
Dovercourt-Wallace Emerson-Junction, Toronto · MLS® W13815862
About this home
In short
- A Two-Unit Property Opportunity in Toronto.
- Investors and house hackers, discover 1259 Davenport Rd, a substantial 3-storey freehold townhome offering over 2,000 sq. ft. of living space and the potential to...
- This recently updated home features 5+1 bedrooms, 2 kitchens, multiple private decks and two separate basement entrances, creating an ideal setup for investors...
A Two-Unit Property Opportunity in Toronto! Investors and house hackers, discover 1259 Davenport Rd, a substantial 3-storey freehold townhome offering over 2,000 sq. ft. of living space and the potential to generate approximately $6,000/month in rental income. This recently updated home features 5+1 bedrooms, 2 kitchens, multiple private decks and two separate basement entrances, creating an ideal setup for investors seeking strong income potential or buyers looking to house hack and significantly reduce their monthly cost of living. Live in one portion while generating rental income from the additional living spaces, or maximize the property's income potential as an investment. The standout feature is the spacious rooftop deck with unobstructed panoramic views of the downtown Toronto skyline and CN Tower. Ideally located just steps from the Geary Avenue revitalization and future Galleria on the Park, with Ossington, St. Clair West and Bloor all nearby, along with an incredible selection of restaurants, bars, breweries, entertainment and transit. A rare opportunity to secure a flexible, high-income property in one of Toronto's most dynamic and rapidly transforming neighbourhoods.
Key facts
- Property type
- Townhouse, 2 1/2 Storey
- MLS®
- W13815862
- Bedrooms
- 5+1 (6 total)
- Bathrooms
- 2
- Size
- 1500-2000 sq ft
- Lot
- 14.33 × 77 ft
- Cross streets
- Dufferin & Davenport
- Parking
- 0 parking
- Basement
- Full, Finished, Separate Entrance
- Heating
- Forced Air
- A/C
- Window Unit(s)
- Exterior
- Brick
- Foundation
- Unknown
- Roof
- Asphalt Shingle, Other
- Sewer
- Sewer
- Property tax
- $4,253 / 2025
- Days on market
- 27
- Listing brokerage
- Rock Star Real Estate Inc., Brokerage
Rooms
Listed at $1,095,000. Going by how homes in Dovercourt-Wallace Emerson-Junction and the wider GTA have actually closed against their asking prices (about 99%, 5 local closings in 90 days), the likely sale price is near $1.09M, if it sells. A realistic range is $1.02M to $1.22M.
Independent value check: $948K. Without looking at the asking price, our model values the home itself about 13% below the ask (homes like it typically land between $888K and $993K).
Why $948K. The typical townhouse sold in Dovercourt-Wallace Emerson-Junction over the past year went for about $1.11M (32 sales). What sets this one apart:
- ▼ Lowers it stronglyIts tax bill, which follows the city's own assessment, is $4,253 a year; the typical home sold here pays about $5,200.
- ▲ Raises itIt is 1,500 to 2,000 sq ft; the typical home sold here is 1,100 to 1,500.
- ▼ Lowers it0 garage and 0 total parking spaces, against 1 and 1 typically.
Total price vs nearby homes. Likely closing about $1.09M, from 5 recent closings in this pocket.
The market behind the math:
About 5.4 months of inventory: 9 townhouse homes for sale in the area against 5 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $626/sqft against an area asking average of $700/sqft.
- Separate-entrance basement apartment features. A finished 1 bed basement apartment with a separate entrance. A self-contained space for extended family, guests or potential income. Basements do rent in Dovercourt-Wallace Emerson-Junction: 6 of the 57 detached leases here lately were basement units, around $2,025 a month. That makes the suite real income. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the City of Toronto.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood.
It never sees the asking price. The 5 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.10M. Condition and finishes remain an in-person call.
Schools & getting aroundcatchment and transit
The assigned public school is Regal Road Junior Public School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($626/sqft) is below the area, so you are paying for extra space rather than a premium.
There were not many closely comparable homes right in Dovercourt-Wallace Emerson-Junction, so I widened the search to the surrounding area.
Based on 5 comparable homes that sold in Dovercourt-Wallace Emerson-Junction over the past two years, from 68 closings there.
For sale
For sale
For sale
For sale
For sale
For sale
For sale
For saleNothing closely matching this home is listed nearby right now, so these are the nearest townhouse listings on the market. Homes like this one have recently closed around $948K, which is where my estimate comes from.
Per square foot, these ask about $717/sqft; this home lists at $626/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesSold price trend
Median sold price for townhouses in Toronto: $1.06M in September 2026, down 3% from a year ago, on 900 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month. Toronto as a whole: the neighbourhood alone has too few closings for a line of its own.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.05M | 84 |
| November 2025 | $1.04M | 75 |
| December 2025 | $1.05M | 55 |
| January 2026 | $1.04M | 38 |
| February 2026 | $1.17M | 53 |
| March 2026 | $1.09M | 86 |
| April 2026 | $1.22M | 95 |
| May 2026 | $1.10M | 88 |
| June 2026 | $1.05M | 97 |
| July 2026 | $960K | 91 |
| August 2026 | $995K | 47 |
| September 2026 | $1.06M | 91 |
Neighbourhood & location
Dovercourt-Wallace Emerson-Junction, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Also nearby: 12 more schools within 2.5 km
Not the assigned catchment: schools a family here could reach, with EQAO results where published.
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 19, 2026); conventional rates run a little higher.
Mortgage amount $876,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,844
- Property tax
- $354
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,198
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $18,375
- Toronto municipal land transfer tax
- $18,375
- Estimated closing costs
- $36,750
Plus your down payment of $219,000. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $290,613
- Principal paid down
- $107,031
- Interest paid
- $183,582
- Balance remaining
- $768,969
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
The suite is real income here: basements rent in Dovercourt-Wallace Emerson-Junction (6 of 57 recent detached leases were basement units, around $2,025 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $2,025 a month on top of the upper floors. Permitted use is worth confirming with the city.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersThe last 26 whole-home leases in Dovercourt-Wallace Emerson-Junction signed at a median of $4,373 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,595. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of Rock Star Real Estate Inc., Brokerage. MLS®/PropTx.