6 Lapp Street
Rockcliffe-Smythe, Toronto, M6N 3W6
FOR SALE
$1,499,000
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6 + 1
BEDROOMS 5
BATHROOMS 2 + 1
KITCHENS 10 + 3
ROOMS W13706704
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Property Description
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!
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Nearby Intersections
Property Features
Auto Garage Door Remote, Carpet Free, Primary Bedroom - Main Floor, Sump Pump, Separate Hydro Meter, Separate Heating Controls, Lane
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Property Details
Address
6 Lapp Street
Community
City
Postal Code
M6N 3W6
Property Type
Duplex, Duplex
Lot Size
25' x 120'
Taxes
$6,221 (2026
Basement
Apartment
Heat Type
Forced Air
Heat Source
Electric
Water
Municipal
Garage Type
Detached
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Listing contracted with The Realty Firm Inc.
An excellent opportunity to acquire a well-performing multi-residential property in Toronto's evolving and highly desirable Oakwood Village neighbourhood. 279 Lauder Ave offers investors a stable, income-generating asset in a community experiencing strong rental demand and ongoing revitalization. This very well-managed property has been meticulously maintained by an experienced owner, reflecting pride of ownership and operational efficiency. Recent upgrades include all windows and blinds, exterior doors, driveway and parking areas, composite back deck, refreshed front deck, front stairs and railings, bathrooms, electrical panels, tankless water heater, and most appliances. Current rents are at market level and investors benefit from a **strong cap rate of 4.83%**, with minimal need for repositioning.Tenants benefit from efficient floorplans and excellent transit access, with the St. Clair streetcar just an 8-minute walk away, connecting seamlessly across the city. The property is also steps from the lively St. Clair West corridor, known for its diverse mix of cafes, restaurants, and local shops, enhancing everyday convenience and lifestyle appeal.This well-managed asset reflects pride of ownership and long-term care, making it an ideal turnkey addition to any investment portfolio. With strong fundamentals, desirable location, and steady income, 279 Lauder Ave is positioned for continued tenant demand and future growth.
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A grand dame with undeniable charm and exceptional potential, this home makes a memorable first impression with its handsome presence and great curb appeal. Rich in character and filled with the architectural appeal of a bygone era, it offers a rare opportunity to shape a home for today while positioning yourself for long-term value. Currently divided into two owner-occupied units - main floor and second/third floors plus basement - the property offers flexibility from day one. Keep it as a multiplex, establish your own rents, and maximize its income potential, or restore this distinguished home to its original glory and create a spectacular five-bedroom single-family residence. The scale, setting, and street are all well suited to supporting the value of a truly exceptional transformation. Enjoy the insulated, powered bunkie at the back of the garden, currently used as a cozy spot for watching TV, lounging, or hanging out with friends. Just steps from St. Clair Avenue West, you are surrounded by vibrant urban offerings, from cafés and restaurants to shops and everyday conveniences. Nearby Corso Italia brings an unmistakable connection to Italian culture, food, music, and community. The Wychwood Barns and Regal Public School are also close at hand, adding to the neighborhood's appeal.
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