More Photos

×

    For Sale - 6 Lapp Street, Toronto, Ontario

    Est payment $7,342/mo
    Get pre-qualified
    Views   1
    Time on Jump  27 day

    AI Summary *

    • Completely renovated duplex with two leased upper units and a basement apartment.
    • Potential for additional income with a detached garage for a laneway suite.
    • Separate entrances and in-suite laundry for all units ensure tenant privacy.
    • Great location near public transit and local amenities for easy rentals.
    • Strong gross annual income with high-cap rate and low expenses.




    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 IDW13207998
    Address6 Lapp Street
    CityToronto, Ontario
    Price$1,529,000
    Bed / Bath7 / 5 Full
    Style2-Storey, Duplex
    ConstructionStucco (Plaster)
    TypeMulti-Family
    StatusFor Sale

    Subtype DuplexIndoor Features Carpet FreeOwnership FreeholdBasement ApartmentFoundation Concrete BlockHeating / Cooling Forced AirHeating Fuel ElectricSewer Sewer

    Parking 2.00
    ASAP

    Thu

    25

    Jun

    Fri

    26

    Jun

    Sat

    27

    Jun

    Sun

    28

    Jun

    Mon

    29

    Jun

    Tue

    30

    Jun

    Wed

    1

    Jul

    Thu

    2

    Jul

    Fri

    3

    Jul

    Sat

    4

    Jul

    Sun

    5

    Jul

    Mon

    6

    Jul

    Tue

    7

    Jul

    Wed

    8

    Jul

    Thu

    9

    Jul

    Fri

    10

    Jul

    Sat

    11

    Jul

    Sun

    12

    Jul

    Mon

    13

    Jul

    Tue

    14

    Jul

    Wed

    15

    Jul

    Thu

    16

    Jul

    Fri

    17

    Jul

    Sat

    18

    Jul

    Sun

    19

    Jul

    Mon

    20

    Jul

    Tue

    21

    Jul

    Wed

    22

    Jul

    Thu

    23

    Jul

    By clicking “Get pre-qualified” and/or 'Submit' you are expressly consenting, in writing, to receive telemarketing and other messages, including artificial or prerecorded voices, via automated calls or texts from jumprealty.ca and up.mortgages at the number you provided above. This consent is not required to purchase any good or service. Message and data rates may apply, frequency varies. Text HELP for help or STOP to cancel. More details in Terms of Use and Privacy Policy.

    Listing Agency:  OAK AND KEY REAL ESTATE BROKERAGE, INC.

    * 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.

    Hospital
    Parks
    Schools
    Place of Worship
    Please select an amenity above to view a list.

    Recommended Properties

    179 Dublin Street
    Peterborough, Ontario.
    4 Beds | 1 Baths
    $420,000
    503 Bay Street
    South Bruce Peninsula, Onta…
    2 Beds | 1 Baths
    $449,000
    128 Moores Beach Road
    Georgina, Ontario.
    5 Beds | 2 Baths
    $1,049,000
    7497 Cavan Road
    Hamilton Township, Ontario.
    3 Beds | 1 Baths
    $549,900
    703 Reverie Private
    Stittsville - Munster - Ric…
    2 Beds | 3 Baths
    $575,000
    46 Dougherty Court
    Hamilton, Ontario.
    5 Beds | 3 Baths
    $1,699,900
    414 John Street
    Hamilton, Ontario.
    3 Beds | 3 Baths
    $1,149,000
    745 Eastdale Court
    Peterborough, Ontario.
    4 Beds | 2 Baths
    $499,000
    1196 Ravenscliffe Road
    Huntsville, Ontario.
    7 Beds | 6 Baths
    $1,299,900
    Loading...
    6 Lapp Street
    Toronto , Ontario
    7 5 $1,529,000
    Get more info