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!
Address
6 Lapp Street
List Price
$1,569,000
MLS® Status
New
Expiration Date
2026-09-30
Property Type
Residential Freehold
Type of Dwelling
Duplex
Style of Home
2-Storey
Transaction Type
Sale
Area
Toronto W03
Sub-Area
Rockcliffe-Smythe
Region
Toronto
Bedrooms
6 + 1
Bedrooms (Total)
7
Rooms Above Grade
10
Rooms Below Grade
2
Bathrooms
5
Floor Area
1500-2000 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
120
Lot Size Units
Feet
Lot Width
25
Parcel Number
105000205
Occupant Type
Tenant
Cross Street
Keele & St Clair Ave West
MLS® Number
W12899108
Listing Brokerage
EXP REALTY
Basement Area
Apartment
Postal Code
M6N 3W6
Posession Details
30-90
Parking
Lane
Parking Places (Total)
2
Tax Amount
$3,182.25
Tax Year
2025
Interior Features
Carpet Free, Separate Heating Controls, Separate Hydro Meter, Sump Pump, Upgraded Insulation, Water Heater Owned
Central Vacuum
No
Family Room
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Oakville, Milton & District Real Estate Board
Heat Source
Electric
Heat Type
Forced Air
Cooling Features
Wall Unit(s)
Construction Materials
Stucco (Plaster)
Direction Faces
West
Fireplace
No
Foundation Details
Concrete Block
Garage
Yes
Garage Type
Detached
Covered Spaces
2
Kitchens Total
3
Kitchens Above Grade
2
Kitchens Below Grade
1
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
PT LT 80 PL 1249 TWP OF YORK AS IN CA503434; TORONTO (YORK), CITY OF TORONTO
Waterfront
No
Sewer
Sewer
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Rooms
| Floor | Type | Dimensions | Features |
|---|---|---|---|
| Second | Great Room | 4.75 x 4.3 | Hardwood Floor, Open Concept, Pot Lights |
| Second | Kitchen | 4.75 x 4.3 | Granite Counters, Renovated, Stainless Steel Appl |
| Second | Primary Bedroom | 3.57 x 3.24 | 2 Pc Ensuite, Closet, Hardwood Floor |
| Second | Bedroom 2 | 4.69 x 2.75 | Closet, Hardwood Floor, Large Window |
| Second | Bedroom 3 | 3.35 x 3.05 | Closet, Hardwood Floor, Window |
| Main | Great Room | 5.48 x 4.88 | Hardwood Floor, Open Concept, Pot Lights |
| Main | Kitchen | 5.48 x 4.88 | Hardwood Floor, Renovated, Stainless Steel Appl |
| Main | Primary Bedroom | 3.66 x 3.11 | 2 Pc Ensuite, Hardwood Floor, Window |
| Main | Bedroom 2 | 4.27 x 2.74 | Closet, Hardwood Floor, Window |
| Main | Bedroom 3 | 3.05 x 2.38 | Closet, Hardwood Floor, Window |
| Basement | Kitchen | 4.21 x 2.7 | Breakfast Bar, Combined w/Den, Tile Floor |
| Basement | Bedroom | 3.05 x 2.75 | Large Window, Pot Lights, Tile Floor |