6 Lapp Street

- $1,599,000

Rockcliffe-Smythe, Toronto, M6N3W6
MLS ® W12483823

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:38551)

Features

  • Lane
  • Carpet Free
  • Sump Pump

Location

Details

6 Lapp Street, Rockcliffe-Smythe, , Toronto

  • Land
    25 x 120 FT
  • Bedrooms

    Above Grade: 6 Below Grade: 1

    7
  • Bathrooms
    5 + 2 Half
  • Parking

    Detached Garage, Garage

    2

Rooms

6 Lapp Street, Rockcliffe-Smythe, , Toronto

  • Great Room

    second level

    4.75 m x 4.3 m
  • Kitchen

    second level

    4.75 m x 4.3 m
  • Primary Bedroom

    second level

    3.57 m x 3.24 m
  • Bedroom 2

    second level

    4.69 m x 2.75 m
  • Bedroom 3

    second level

    3.35 m x 3.05 m
  • Living Room

    basement

    2.35 m x 2.5 m
  • Kitchen

    basement

    4.21 m x 2.7 m
  • Bedroom

    basement

    3.05 m x 2.75 m
  • Great Room

    main level

    5.48 m x 4.88 m
  • Kitchen

    main level

    5.48 m x 4.88 m
  • Primary Bedroom

    main level

    3.66 m x 3.11 m
  • Bedroom 2

    main level

    4.27 m x 2.74 m
  • Bedroom 3

    main level

    3.05 m x 2.38 m