6 Lapp Street

FOR SALE
$1,599,000
6 Lapp Street, Toronto
6 Lapp Street
6 Lapp Street
6 Lapp Street
6 Lapp Street
6 Lapp Street
6 Lapp Street
6 Lapp Street
6 Lapp Street
6 Lapp Street
6 Lapp Street
6 Lapp Street
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6 + 1
BEDROOMS
5
BATHROOMS
2 + 1
KITCHENS
10 + 3
ROOMS
W12483823
MLSID
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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!
Nearby Intersections
Property Features
Carpet Free, Auto Garage Door Remote, Separate Heating Controls, Separate Hydro Meter, Sump Pump, Upgraded Insulation, Lane
Property Details
Address
6 Lapp Street
Postal Code
M6N 3W6
Property Type
Detached, Detached
Lot Size
25' x 120'
Acreage
3,000.0 Feet
Taxes
$3,182 (2025
Basement
Apartment
Heat Type
Forced Air
Heat Source
Other
Water
Municipal
Garage Type
Detached
Listing contracted with Exp Realty
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