6 Lapp Street,Toronto W03, ON M6N 3W6
Toronto W03, ON M6N 3W6
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!
Details
| MLS # | W13706704 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 15 |
| Listing Provided By | THE REALTY FIRM INC. | W13706704 799000 |
Features
| Bed(s) | 7 |
|---|---|
| Bath(s) | 5 |
| Garage | 2 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.07 |
Interior
| Interior Features | Auto Garage Door Remote, Carpet Free, Primary Bedroom - Main Floor, Sump Pump, Separate Hydro Meter, Separate Heating Controls |
|---|---|
| Cooling | Wall Unit(s) |
| Heat Source | Electric |
| Fireplace Yes / No | No |
Exterior
| Roof | Asphalt Shingle |
|---|---|
| Foundation Details | Concrete Block |
| Construction Materials | Stucco (Plaster) |
Parking
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Lane |
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 6221 |
|---|---|
| Tax Legal Description | PT LT 80 PL 1249 TWP OF YORK AS IN CA503434; TORONTO (YORK), CITY OF TORONTO |
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| County | Toronto |
| City | Toronto W03 |
| Postal Code | M6N 3W6 |
| Area | Rockcliffe Smythe |
| Listing VS Median (in M6N 3W6) | |
Price: $1,499,000 low | high Med: $0 On site: 15 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Toronto |
| City | Toronto W03 |
| Postal Code | M6N 3W6 |
| Area | Rockcliffe Smythe |
| Listing VS Median (in M6N 3W6) | |
Price: $1,499,000 low | high Med: $0 On site: 15 low | high Med: | |
