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    For Sale - 6 Lapp Street, Toronto, Ontario

    Est payment $7,198/mo
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    Views   2
    Time on Jump  58 day

    AI Summary *

    • Fully renovated duplex with three rental units generating strong monthly income.
    • Private entrances and in-suite laundry for each unit, enhancing tenant appeal.
    • Detached two-car garage offers further rental potential with laneway suite options.
    • Convenient location near public transit, shopping, and dining amenities.
    • Newly updated interior and exterior, providing low maintenance for investors.




    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 Brokerage: THE REALTY FIRM 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.

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