6 Lapp Street

Toronto (Rockcliffe-Smythe), Ontario M6N3W6

MLS # W13207998

$1,499,000

Property Details

Type

Duplex

Beds

Baths

Status

For Sale

More homes like this

Duplexs For Sale in Rockcliffe-Smythe Duplexs For Sale in Toronto Homes For Sale in Rockcliffe-Smythe Homes For Sale in Toronto 7+ Bedroom Duplexs in Rockcliffe-Smythe 7+ Bedroom Duplexs in Toronto

About this property

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 & $3,000/month Respectively. Basement Suite $1,400/mo. Gross Annual Income $95k approx 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!

Mortgage Estimate

Price Down Payment % Rate % Years

Estimated monthly payment

Calculating…

Estimate only. Taxes, insurance, condo fees, and lender terms are not included.

Monthly costs to verify

Property taxes: about $518/month based on listed annual taxes.

Estimate only. Confirm taxes, condo/maintenance fees, insurance, utilities, and lender terms before making decisions.

Rooms

Room	Level	Dimensions
Great room	Second level	4.75 x 4.3
Kitchen	Basement	4.21 x 2.8
Bedroom	Basement	3.05 x 2.75
Kitchen	Second level	4.75 x 4.3
Primary Bedroom	Second level	3.57 x 3.24
Bedroom 2	Second level	4.69 x 2.75
Bedroom 3	Second level	3.35 x 3.05
Great room	Main level	5.48 x 4.88
Kitchen	Main level	5.48 x 4.88
Primary Bedroom	Main level	3.66 x 3.11
Bedroom 2	Main level	4.27 x 2.74
Bedroom 3	Main level	3.05 x 2.38