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    For Sale - 6 Lapp Street, Toronto, Ontario

    Est payment $7,534/mo
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    Views   2
    Time on Jump  14 day

    AI Summary *

    • Completely renovated duplex with strong rental income from three units.
    • Detached garage offers potential for a laneway suite with existing plans.
    • Each unit has separate entrances and in-suite laundry for tenant convenience.
    • Easy access to public transport and local amenities for residents.
    • High efficiency heating/cooling systems ensure lower utility costs for tenants.




    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 IDW12899108
    Address6 Lapp Street
    CityToronto, Ontario
    Price$1,569,000
    Bed / Bath7 / 5 Full
    Style2-Storey, Duplex
    ConstructionStucco (Plaster)
    TypeMulti-Family
    StatusFor Sale

    Subtype DuplexIndoor Features Carpet Free, Separate Heating Controls, Separate Hydro Meter, Sump Pump, Upgraded Insulation, Water Heater OwnedOwnership FreeholdBasement ApartmentFoundation Concrete BlockHeating / Cooling Forced AirHeating Fuel ElectricSewer Sewer

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    Listing Agency:  EXP REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    6 Lapp Street
    Toronto , Ontario
    7 5 $1,569,000
    Get more info