For Sale: 6 Lapp Street, Toronto, ON - REW
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$1,529,000
7 bd • 5 ba • 1500 - 1999 sf • Multifamily
6 Lapp Street
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$1,529,000
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6 Lapp StreetToronto, ON, M6N 3W6

Rockcliffe-Smythe
  • 7 Bed
  • 5 Bath
  • 1500 - 1999 Sqft
  • Multifamily

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! (id:63626)
Listed by: FRANK CAETANO, Salesperson, OAK AND KEY REAL ESTATE BROKERAGE, INC.

Home facts and features

Price details
List Price
$1,529,000
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Gross Taxes for 2025
$6,221
Home facts
Bedrooms
7
Full Bathrooms
3
Partial Bathrooms
2
Parking Spaces
2
Parking Details
Detached Garage, Garage
Property Type
Multifamily
Depth
120 feet
Frontage
25.0 feet
Exterior Finish
Stucco
Heating Type
Forced air, Electric
Cooling
Wall unit
Basement Details
Apartment in basement,
Features
Carpet Free
Appliances
Dishwasher, Dryer, Garage door opener, Hood Fan, Microwave, Refrigerator, Stove, Washer, Water Heater
Community
Agent details
Primary Agent
FRANK CAETANO
Primary Broker
OAK AND KEY REAL ESTATE BROKERAGE, INC.
Listing details
Days on REW
8 Days
Property Views
41
MLS® Number
W13207998
Source
Canadian Real Estate Association
Board
London and St. Thomas Association of REALTORS®
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Property Insights

Harwood Public School
  • Public
  • JK - 8
Iqra Nejasni Islamic School
  • Private
  • 1 - 5
Santa Maria Catholic School
  • Catholic
  • JK - 8
Blessed Archbishop Romero Catholic Secondary School
  • Catholic
  • 9 - 12
St Matthew Catholic School
  • Catholic
  • JK - 8
George Harvey School
  • Public
  • 9 - 12
General Mercer Junior Public School
  • Public
  • JK - 6
Cordella Junior Public School
  • Public
  • JK - 6
Frank Oke Secondary School
  • Public
  • 9 - 12
Keelesdale Junior Public School
  • Public
  • JK - 6
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
FRANK CAETANO
Phone:
(416) 236-1392
Office:
226-289-5555
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By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.