6 LAPP STREET
Toronto (Rockcliffe-Smythe), Ontario
MLS® W13706704
$1,499,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- W13706704
- Bedrooms
- 7
- Bathrooms
- 5
- Year built
- —
1 / 50Listing description
Investor Alert! Opportunity Knocks for End Users as well on this completely Gutted, Restored w/Addition & Recently Renovated Duplex w/a Basement Apt. Main & Upper Large 3 Bedroom Units Currently Leased at $3,300/mo & $3,000/month Respectively.
Basement Suite $1,400/mo. Garage space $225/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 2 Years 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!
Property summary
- MLS® number
- W13706704
- Property type
- Multi-family
- Building type
- Duplex
- Land size
- 25 x 120 FT
- Annual property taxes
- $6,221.00
- Parking
- 2 spaces · Detached Garage, Garage
- Days on market
- 24 days
Features & details
- Heating
- Forced air, Electric
- Cooling
- Wall unit
- Basement
- Apartment in basement, N/A
- Flooring
- Hardwood, Ceramic
- Appliances
- Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave, Hood Fan, Garage door opener, Garage door opener remote(s), Water Heater
- Exterior features
- Stucco
- Lot features
- Lane, Carpet Free, Sump Pump
What would this home cost you?
Based on the $1,499,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of THE REALTY FIRM INC., LONDON.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.