$1,569,000

Duplex

6 Lapp Street, Toronto, ON

1 DAY

6+1

1500-2000

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Listed by EXP REALTY

Property Highlights

Garage

2 spaces

Property Tax

$3,182/yr

Lot Size

3,000 sqft

Style

2-Storey

Basement

Apartment

Monthly Cost

$6,891/mo

About This Home

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!

Monthly Cost

Monthly Mortgage$6,625

Property Tax ($3,182/yr)$265

Total$6,890

Price & Listing History

Schools

Location

Tap to view full map

Rooms

mft

Main Level

Great Room: 5.48m × 4.88m

Kitchen: 5.48m × 4.88m

Bedroom 2: 4.27m × 2.74m

Primary Bedroom: 3.66m × 3.11m

Bedroom 3: 3.05m × 2.38m

Second Level

Bedroom 2: 4.69m × 2.75m

Primary Bedroom: 3.57m × 3.24m

Kitchen: 4.75m × 4.30m

Great Room: 4.75m × 4.30m

Bedroom 3: 3.35m × 3.05m

Basement Level

Bedroom: 3.05m × 2.75m

Kitchen: 4.21m × 2.70m