6 LAPP STREET, Toronto (Rockcliffe-Smythe), Ontario, M6N3W6
MLS: W12899108 | Duplex
$1,569,000
Property Description
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:64974)
Quick Facts
- Property Type: Duplex
- Bedrooms: 7 (6 above, 1 below)
- Bathrooms: 5 (2 half)
- Attached: Yes
- Parking: 2.0 spaces (Detached Garage, Garage)
- Frontage: 25 ft (7.6 m)
Costs
- Annual Taxes: $3,182.25 (2025)
Listing Provided by: EXP REALTY
Board: The Oakville, Milton & District Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Heating: Forced air, Electric
- Cooling: Wall unit
- Basement: Apartment in basement, N/A
- Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave, Hood Fan, Garage door opener, Water Heater
- Flooring: Tile, Hardwood
Exterior & Construction
- Exterior: Stucco
- Foundation: Block
- Sewer: Sanitary sewer
- Water: Municipal water
Lot & Land
- Frontage: 25 ft (7.6 m)
- Features: Lane, Carpet Free, Sump Pump
Community & Neighbourhood
- Building: Separate Electricity Meters, Separate Heating Controls
- Neighbourhood: Rockcliffe-Smythe
Room Details (12 rooms)
Listing Information
Listing History
MLS listing activity for 6 LAPP STREET, Toronto (Rockcliffe-Smythe), Ontario, M6N3W6 — dates reflect when changes were recorded in the DDF
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Mortgage & Cost Calculators
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6 LAPP STREET, Toronto (Rockcliffe-Smythe), Ontario, M6N3W6