$1,599,000.00

6 LAPP STREET, Toronto (Rockcliffe-Smythe), Ontario, M6N3W6, Canada Listing ID: W12483823
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Bathrooms Bedrooms Property Type
5 7 Single Family

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:31565)

Paul McDonald, Sales Representative
Paul McDonald is no stranger to the Toronto real estate market. With over 21 years experience and having dealt with every aspect of the business from simple house purchases to condo developments, you can feel confident in his ability to get the job done.
Book appointment/showing: 6 LAPP STREET (W12483823)
Room Details
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 Living room 2.35 m 2.5 m 2.35 m x 2.5 m
Basement Kitchen 4.21 m 2.7 m 4.21 m x 2.7 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
Additional Information
Amenity Near By
Features Lane, Carpet Free, Sump Pump
Maintenance Fee
Maintenance Fee Payment Unit
Management Company
Ownership Freehold
Parking
  • Detached Garage -
  • Garage -
Transaction For sale
Building
Bathroom Total 5
Bedrooms Total 7
Bedrooms Above Ground 6
Bedrooms Below Ground 1
Amenities Separate Heating Controls, Separate Electricity Meters
Appliances Garage door opener remote(s), Dishwasher, Dryer, Garage door opener, Hood Fan, Water Heater, Microwave, Stove, Washer, Refrigerator
Basement Features Apartment in basement
Basement Type N/A
Construction Status Insulation upgraded
Construction Style Attachment Detached
Cooling Type Wall unit
Exterior Finish Stucco
Fireplace Present
Flooring Type Hardwood, Tile
Foundation Type Concrete
Half Bath Total 2
Heating Fuel Other
Heating Type Forced air
Size Interior 1500 - 2000 sqft
Stories Total 2
Type House
Utility Water Municipal water
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