1 / 256 LAPP STREET
Toronto (Rockcliffe-Smythe), Ontario, M6N3W6
$1,499,000
Bedrooms
7
Bathrooms
5
Parking
2
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 & $3,200/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:66779)
Rooms
| Great room | Second level | — |
| Kitchen | Basement | — |
| Bedroom | Basement | — |
| Kitchen | Second level | — |
| Primary Bedroom | Second level | — |
| Bedroom 2 | Second level | — |
| Bedroom 3 | Second level | — |
| Great room | Main level | — |
| Kitchen | Main level | — |
| Primary Bedroom | Main level | — |
| Bedroom 2 | Main level | — |
| Bedroom 3 | Main level | — |
Details
- Sewer
- Sanitary sewer
- Cooling
- Wall unit
- Heating
- Forced air, Electric
- List aor
- London and St. Thomas
- Stories
- 2
- Tax year
- 2,025
- Basement
- Apartment in basement, N/A
- Flooring
- Tile, Hardwood
- Appliances
- Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave, Hood Fan, Garage door opener, Water Heater
- Directions
- Cross Streets: Keele & St Clair Ave West. ** Directions: St Clair Ave W to Keele north to MacCormack to Lapp St.
- Fireplace
- No
- Lot features
- Carpet Free
- Water source
- Municipal water
- Structure type
- Duplex
- Parking features
- Detached Garage, Garage
- Tax annual amount
- 6,221
- Exterior features
- Stucco
- Foundation details
- Block
- Lot size dimensions
- 25 x 120 FT
- Bedrooms above grade
- 6
- Bedrooms below grade
- 1
- Property attached
- Yes
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