6 Lapp Street, Toronto (Rockcliffe-Smythe) ON

About 6 Lapp Street

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:56071). Get more information on 6 Lapp Street

Property Features

Appliances:  Dishwasher, Dryer, Garage door opener, Hood Fan, Water Heater, Microwave, Stove, Washer, Refrigerator
Features:  Carpet Free
Rental Equipment:  
Directions:  Cross Streets: Keele & St Clair Ave West. ** Directions: St Clair Ave W to Keele north to MacCormack to Lapp St.
Interior Size:  1500 - 2000 sqft
Lot:  25 x 120 FT 25 x 120 FT
Exterior Finish:  Stucco
Flooring:  Hardwood, Tile
Water:  Municipal water, Sanitary sewer
Heating / Cooling:   Electric / Wall unit
Age: 
Foundation: Block
Basement:  N/A

Rooms & Sizes

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	Kitchen Basement 4.21 m x 2.8 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