6 Lapp Street
On the market for 44 days — longer than average. The seller may be open to negotiation.
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!
Rooms
| Great Room | 5.48 × 4.88 m | Hardwood Floor Open Concept Pot Lights |
| Kitchen | 5.48 × 4.88 m | Hardwood Floor Stainless Steel Appl Renovated |
| Primary Bedroom | 3.66 × 3.11 m | Hardwood Floor 2 Pc Ensuite Window |
| Bedroom 2 | 4.27 × 2.74 m | Hardwood Floor Closet Window |
| Bedroom 3 | 3.05 × 2.38 m | Hardwood Floor Closet Window |
| Great Room | 4.75 × 4.30 m | Hardwood Floor Open Concept Pot Lights |
| Kitchen | 4.75 × 4.30 m | Renovated Granite Counters Stainless Steel Appl |
| Primary Bedroom | 3.57 × 3.24 m | Hardwood Floor 2 Pc Ensuite Closet |
| Bedroom 2 | 4.69 × 2.75 m | Hardwood Floor Closet Large Window |
| Bedroom 3 | 3.35 × 3.05 m | Hardwood Floor Closet Window |
| Kitchen | 4.21 × 2.70 m | Tile Floor Breakfast Bar Combined w/Den |
| Bedroom | 3.05 × 2.75 m | Tile Floor Large Window Pot Lights |
Features
- Carpet Free
- Separate Heating Controls
- Separate Hydro Meter
- Sump Pump
- Upgraded Insulation
- Water Heater Owned
- Apartment
- Wall Unit(s)
- 2-Storey
Financials
Estimated Rental Income
*Estimates based on comparable rentals in the area. Actual income may vary.
Market Data — Toronto
Based on active listings in Toronto. Data updates daily.
Demographics — Toronto
Getting around
How walkable, bikeable, and transit-friendly this neighbourhood is.
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MLS® data courtesy of the Toronto Regional Real Estate Board (TRREB).
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Listing information is deemed reliable but is not guaranteed accurate by the Toronto Regional Real Estate Board, the listing brokerage, or this website. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. MLS®, Multiple Listing Service®, and the associated logos are owned by CREA. Not intended to solicit properties currently listed for sale or buyers under contract.
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