$1,499,000
Available - For Sale
Listing ID: W13706704
6 Lapp Street , Toronto, M6N 3W6, Toronto
| Investor Alert! Opportunity Knocks for End Users as well on this completely Gutted, Restored w/Addition & Recently Renovated Duplex w/a Basement Apt. Main & Upper Large 3 Bedroom Units Currently Leased at $3,300/mo & $3,000/month Respectively. Basement Suite $1,400/mo. Garage space $225/mo. Gross Annual Income $95k approx Expenses @ 6% approx.(Property Taxes & Insurance) & Tenants Pay Own Utilities. Working at a 5.6% CAP Rate! A Detached 2 Car Garage gives you the opportunity to Build a Laneway Suite(Owner has Drawings/Plans). Everything is 2 Years New Inside and Out! All New Stucco Exterior! All Units have their own Private Separate Entrances & In-Suite Laundry. The Main Floor Apartment is a New 892 sq ft - 3 Bedroom - 1.5 Baths with 2 Separate Entrances & access to Private Yard. The Upper Apartment is a new 889 sq ft - 3 Bedroom - 1.5 Baths. The Basement Apartment is a renovated 1 Bedroom -1 Bath Suite. Each Apartment has it's Own High Efficient Heating/Cooling Mini-Split Systems Separately Metered so each Tenant Pays their Own Per Use Hydro Bills! Water Utility is divided 3 ways (40-40-20). Detached 2 Car Garage Parking w/Laneway Access. The Property is Easy to Rent with TTC access a very short walk to St Clair West Streetcar which go direct to St Clair West & Yonge Subway Lines. A short drive to Highways 401/400. Walk to theStockyards Mall and Local Shops, Restaurants, Enjoy all Corso Italia & Junction Neighbourhood Amenities. Fantastic Opportunity to Grow your Real Estate Portfolio with a Legal Duplex w/3units & a Great R.O.I. Everything is Brand Spanking New Inside & Out! |
| Price | $1,499,000 |
| Taxes: | $6221.00 |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 6 Lapp Street , Toronto, M6N 3W6, Toronto |
| Directions/Cross Streets: | Keele St & St Clair Ave West |
| Rooms: | 10 |
| Rooms +: | 3 |
| Bedrooms: | 6 |
| Bedrooms +: | 1 |
| Family Room: | F |
| Basement: | Apartment |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Second | Great Roo | 15.58 | 14.1 | Hardwood Floor, Open Concept, Pot Lights |
| Room 2 | Second | Kitchen | 15.58 | 14.1 | Hardwood Floor, Modern Kitchen, Granite Counters |
| Room 3 | Second | Primary B | 11.71 | 10.63 | 2 Pc Ensuite, Hardwood Floor, Pot Lights |
| Room 4 | Second | Bedroom 2 | 15.38 | 9.02 | Hardwood Floor, Closet, Large Window |
| Room 5 | Second | Bedroom 3 | 10.99 | 10 | Hardwood Floor, Closet, Window |
| Room 6 | Main | Great Roo | 17.97 | 16.01 | Hardwood Floor, Open Concept, Pot Lights |
| Room 7 | Main | Kitchen | 17.97 | 16.01 | Hardwood Floor, Modern Kitchen, Stainless Steel Appl |
| Room 8 | Main | Primary B | 12 | 10.2 | Hardwood Floor, 2 Pc Ensuite, Large Window |
| Room 9 | Main | Bedroom 2 | 14.01 | 8.99 | Hardwood Floor, Closet, Large Window |
| Room 10 | Main | Bedroom 3 | 10 | 9.18 | Hardwood Floor, Closet, Pot Lights |
| Room 11 | Basement | Kitchen | 13.81 | 9.18 | Breakfast Bar, Ceramic Floor, Modern Kitchen |
| Room 12 | Basement | Bedroom | 10 | 9.02 | Large Window, Pot Lights, Ceramic Floor |
| Room 13 | Basement | Den | 8.2 | 8.2 | Open Concept, Combined w/Kitchen, Pot Lights |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 5 | Main |
| Washroom Type 2 | 2 | Main |
| Washroom Type 3 | 4 | Second |
| Washroom Type 4 | 2 | Second |
| Washroom Type 5 | 3 | Basement |
| Total Area: | 0.00 |
| Property Type: | Duplex |
| Style: | 2-Storey |
| Exterior: | Stucco (Plaster) |
| Garage Type: | Detached |
| (Parking/)Drive: | Lane |
| Drive Parking Spaces: | 0 |
| Park #1 | |
| Parking Type: | Lane |
| Park #2 | |
| Parking Type: | Lane |
| Pool: | None |
| Approximatly Square Footage: | 1500-2000 |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Forced Air |
| Central Air Conditioning: | Wall Unit(s |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Sewer |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| THE REALTY FIRM INC. |
|
|
Lynn Tribbling
Sales Representative
Dir:
416-252-2221
Bus:
416-383-9525
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At a Glance:
| Type: | Freehold - Duplex |
| Area: | Toronto |
| Municipality: | Toronto W03 |
| Neighbourhood: | Rockcliffe-Smythe |
| Style: | 2-Storey |
| Tax: | $6,221 |
| Beds: | 6+1 |
| Baths: | 5 |
| Fireplace: | N |
| Pool: | None |
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