6 Lapp Street Toronto, Ontario M6N 3W6
$1,529,000
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! (id:61445)
Property Details
| MLS® Number | W13207998 |
| Property Type | Multi-family |
| Community Name | Rockcliffe-Smythe |
| Features | Carpet Free |
| ParkingSpaceTotal | 2 |
Building
| BathroomTotal | 5 |
| BedroomsAboveGround | 6 |
| BedroomsBelowGround | 1 |
| BedroomsTotal | 7 |
| Appliances | Dishwasher, Dryer, Garage Door Opener, Hood Fan, Water Heater, Microwave, Stove, Washer, Refrigerator |
| BasementFeatures | Apartment In Basement |
| BasementType | N/a |
| CoolingType | Wall Unit |
| ExteriorFinish | Stucco |
| FlooringType | Hardwood, Tile |
| FoundationType | Block |
| HalfBathTotal | 2 |
| HeatingFuel | Electric |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 1500 - 2000 Sqft |
| Type | Duplex |
| UtilityWater | Municipal Water |
Parking
| Detached Garage | |
| Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 120 Ft |
| SizeFrontage | 25 Ft |
| SizeIrregular | 25 X 120 Ft |
| SizeTotalText | 25 X 120 Ft |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Great Room | 4.75 m | 4.3 m | 4.75 m x 4.3 m |
| Second Level | Kitchen | 4.75 m | 4.3 m | 4.75 m x 4.3 m |
| Second Level | Primary Bedroom | 3.57 m | 3.24 m | 3.57 m x 3.24 m |
| Second Level | Bedroom 2 | 4.69 m | 2.75 m | 4.69 m x 2.75 m |
| Second Level | Bedroom 3 | 3.35 m | 3.05 m | 3.35 m x 3.05 m |
| Basement | Kitchen | 4.21 m | 2.8 m | 4.21 m x 2.8 m |
| Basement | Bedroom | 3.05 m | 2.75 m | 3.05 m x 2.75 m |
| Main Level | Great Room | 5.48 m | 4.88 m | 5.48 m x 4.88 m |
| Main Level | Kitchen | 5.48 m | 4.88 m | 5.48 m x 4.88 m |
| Main Level | Primary Bedroom | 3.66 m | 3.11 m | 3.66 m x 3.11 m |
| Main Level | Bedroom 2 | 4.27 m | 2.74 m | 4.27 m x 2.74 m |
| Main Level | Bedroom 3 | 3.05 m | 2.38 m | 3.05 m x 2.38 m |
Interested?
Contact us for more information
Frank Caetano
Salesperson
4711 Yonge St 10th Flr, 106430
Toronto, Ontario M2N 6K8
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June 09 2026 03:50:53
Exp Realty