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$1,599,000
Ontario,Toronto (Rockcliffe-Smythe)
For Sale Active
6 LAPP STREET, Toronto (Rockcliffe-Smythe), Ontario M6N3W6
  • 7
  • 5
  • 1500 - 2000Square Feet
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Basic Details
Description

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:62650)

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Basic Details
  • Property Type: Residential
  • Listing Type: For Sale
  • Listing ID: W12483823
  • Price: $1,599,000
  • Bedrooms: 7
  • Bathrooms: 5
  • Half Bathrooms: 2
  • Square Footage: 1500 - 2000 Sqft
  • Status: Active
  • Office Name: EXP REALTY
  • Property Sub Type: Single Family
  • Office Key: 285613
Features & Appliances
Features
  • Heating System: Other, Forced air
  • Cooling System: Wall unit
  • Basement: N/A, Apartment in basement
  • Parking: Detached Garage, Garage
  • Exterior Features: Stucco
  • Flooring: Tile, Hardwood
  • Sewer: Sanitary sewer
Address Map
  • Location: CA, Ontario, Toronto (Rockcliffe-Smythe), M6N3W6
  • Street: Lapp
  • Street Number: 6
  • Street Suffix: Street
  • Longitude: W80° 31' 30.5''
  • Latitude: N43° 40' 36.1''
Additional Information
  • Water Source:
  • Foundation Details:
  • Lot Features:
  • Lot Size Dimensions: 25 x 120 FT
  • Stories: 2.0
Financial
  • Tax Annual Amount: 3182.25
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Listing updated: 2026-01-16 04:12:45
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Listing Information
  • List Agent Key: 1412296
  • List Office Key: 285613
  • Modification Timestamp: 2026-01-14T18:01:07Z
  • Originating System Name: The Oakville, Milton & District Real Estate Board
  • Status Change Timestamp: 2026-01-14T17:42:37Z
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Listing updated: 2026-01-16 04:12:45
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