view of front of house featuring stucco siding and a porch Features: gas meter, fence, lawn, porch

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entrance to property with stucco siding and covered porch

utilities featuring electric meter Features: electric meter

corridor featuring dark wood-style flooring and baseboards Features: range oven, hardwood floor

corridor with dark wood finished floors Features: hardwood floor

kitchen featuring stainless steel appliances, white cabinetry, backsplash, dark stone counters, and recessed lighting Features: white cabinets, backsplash, sink, natural light, range oven, stone countertops, dishwasher, vent, refrigerator, hardwood floor, microwave, shaker cabinets

spare room with dark wood-style flooring and a wall mounted air conditioner Features: hardwood floor, wall mounted ac

kitchen view of white cabinets, tasteful backsplash, and dark stone counters Features: white cabinets, sink, shaker cabinets, stone countertops, backsplash

kitchen with appliances with stainless steel finishes, white cabinets, dark wood-style floors, recessed lighting, and decorative backsplash Features: natural light, hardwood floor, laundry, dishwasher, sink, stone countertops, refrigerator, microwave, shaker cabinets, stacked washer dryer, range oven, backsplash, white cabinets

unfurnished living room featuring dark wood-type flooring, recessed lighting, and a wall unit AC Features: vent, range oven, hardwood floor, dishwasher, wall mounted ac, microwave

unfurnished bedroom with dark wood-type flooring and a closet Features: vent, hardwood floor, smoke carbon monoxide detector, natural light, closet

empty room with dark wood finished floors and a wall unit AC Features: hardwood floor, wall mounted ac, natural light

spare room with a wall mounted air conditioner, dark wood-style flooring, and recessed lighting Features: hardwood floor, natural light, wall mounted ac

unfurnished room featuring dark wood-type flooring and recessed lighting Features: hardwood floor, natural light

bathroom with shower / bath combination, light tile patterned floors, and vanity Features: sink, mirror, tile floor, vanity, combined bath shower, toilet

bathroom with double vanity and washtub / shower combination Features: toilet, dishwasher, sink, tile floor, mirror, vanity, combined bath shower, natural light

view of exterior entry with stucco siding Features: vent

kitchen featuring white cabinets, tasteful backsplash, freestanding refrigerator, a wall unit AC, and light marble finish flooring Features: refrigerator, smoke carbon monoxide detector, backsplash, white cabinets, raised cabinets, countertops, wall mounted ac

kitchen featuring stainless steel appliances, light marble finish flooring, white cabinetry, dark stone countertops, and backsplash Features: white cabinets, range oven, low ceiling, shaker cabinets, stone countertops, backsplash, microwave

kitchen with white cabinets, electric stove, stainless steel microwave, light marble finish flooring, and dark stone counters Features: backsplash, stone countertops, low ceiling, microwave, sink, white cabinets, raised cabinets, range oven

kitchen with white cabinetry, light marble finish floors, tasteful backsplash, stainless steel appliances, and stacked washer / dryer Features: sink, countertops, range oven, laundry, raised cabinets, wall mounted ac, refrigerator, backsplash, stacked washer dryer, microwave, white cabinets

unfurnished room with light marble finish floors, a wall mounted air conditioner, and recessed lighting Features: wall mounted ac

spare room featuring a wall mounted air conditioner, light marble finish floors, and recessed lighting Features: wall mounted ac

full bath with vanity, light tile patterned flooring, and a stall shower Features: mirror, tile floor, vanity, shower, sink

empty room with light marble finish floors and baseboards Features: wall mounted ac

laundry area featuring light marble finish flooring and stacked washer and clothes dryer Features: low ceiling, stacked washer dryer, laundry

kitchen view of stainless steel range with electric stovetop, white cabinetry, backsplash, and dark stone countertops Features: microwave, white cabinets, backsplash, raised cabinets, sink, range oven, stone countertops

kitchen featuring white cabinetry, stainless steel appliances, and light marble finish flooring Features: range oven, sink, refrigerator, raised cabinets, backsplash, stone countertops, smoke carbon monoxide detector, microwave, white cabinets, one wall kitchen

corridor featuring an upstairs landing and light colored carpet Features: laundry, carpet, separate washer dryer

washroom featuring stacked washer / drying machine and baseboards Features: stacked washer dryer, laundry, natural light, carpet, hardwood floor

spare room featuring dark wood-type flooring, an AC wall unit, and recessed lighting Features: wall mounted ac, natural light, vent, hardwood floor

spare room featuring recessed lighting and dark wood-style flooring Features: hardwood floor

unfurnished room featuring recessed lighting and dark wood-style floors Features: hardwood floor, natural light

unfurnished bedroom with dark wood-style flooring, a closet, and recessed lighting Features: closet, natural light, vent, hardwood floor

kitchen with white cabinetry, appliances with stainless steel finishes, decorative backsplash, dark wood-style floors, and recessed lighting Features: countertops, refrigerator, microwave, natural light, sink, hardwood floor, backsplash, shaker cabinets, white cabinets, range oven, dishwasher

bathroom with shower / tub combination, vanity, and light tile patterned flooring Features: sink, toilet, vanity, tile floor, combined bath shower

view of yard Features: water meter, lawn, fence, outdoor structure

rear view of property with a fenced backyard and stucco siding Features: lawn, fence

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For Sale - 6 Lapp Street, Toronto, Ontario

6 Lapp Street

Toronto , Ontario

7 5 $1,599,000

Est payment $7,926/mo

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Time on Jump 123 day

AI Summary *

Completely renovated duplex with three individual rental units for steady income.
Main and upper units leased at $3,300 and $3,200 per month.
Basement suite offers additional income of $1,450 per month.
Detached two-car garage allows potential for a laneway suite.
Convenient access to TTC and nearby amenities for easy renting.

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Down Payment:
$ 79,950 ( 5% )

First Time Buyer:
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New Build:
Yes No

Investor alert! Opportunity knocks for end users as well on this completely gutted, restored w/addition & newly renovated duplex w/a basement apt. Main & upper units currently leased at $3,300/mo & $3,200/mo respectively. Basement suite $1,450/mo. Gross annual income $95,400. 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 brand 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!

Listing IDW12483823

Address6 Lapp Street

CityToronto, Ontario

Price$1,599,000

Bed / Bath7 / 5 Full

Style2-Storey, Detached

ConstructionStucco (Plaster)

Land Size3000

TypeResidential

StatusFor Sale

Extras

Subtype DetachedIndoor Features Carpet Free, Auto Garage Door Remote, Separate Heating Controls, Separate Hydro Meter, Sump Pump, Upgraded InsulationOwnership FreeholdBasement ApartmentFoundation ConcreteHeating / Cooling Forced AirHeating Fuel OtherSewer Sewer

Market Info

Parking 2.00

Listing Agency:
EXP REALTY

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Listing Agency:
EXP REALTY

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For Sale - 6 Lapp Street, Toronto, Ontario

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