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    For Sale - 6 Lapp Street, Toronto, Ontario

    Est payment $7,198/mo
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    Time on Jump  1 days




    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!
    Listing IDW13706704
    Address6 Lapp Street
    CityToronto, Ontario
    Price$1,499,000
    Bed / Bath7 / 5 Full
    Style2-Storey, Duplex
    ConstructionStucco (Plaster)
    TypeMulti-Family
    StatusFor Sale

    Subtype DuplexIndoor Features Auto Garage Door Remote, Carpet Free, Primary Bedroom - Main Floor, Sump Pump, Separate Hydro Meter, Separate Heating ControlsOwnership FreeholdBasement ApartmentFoundation Concrete BlockHeating / Cooling Forced AirHeating Fuel ElectricSewer Sewer

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    Listing Agency:  THE REALTY FIRM INC.

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    6 Lapp Street
    Toronto , Ontario
    7 5 $1,499,000
    Get more info