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! (id:4069)
Address
6 LAPP STREET
List Price
$1,499,000
Property Type
Multi-family
Type of Dwelling
Duplex
Transaction Type
Sale
Area
Ontario
Sub-Area
Toronto (rockcliffe Smythe)
Bedrooms
7
Bathrooms
5
Half Bathrooms
2
Floor Area
1500 - 2000 Sq. Ft.
Lot Size
25 x 120 FT Sq. Ft.
Lot Depth
120 ft
Frontage Length
25 ft
MLS® Number
W13706704
Listing Brokerage
THE REALTY FIRM INC.
Basement Area
N/A
Postal Code
M6N3W6
Parking Places (Total)
2
Features
Lane, Carpet Free, Sump Pump
Appliances
Garage door opener remote(s), Dishwasher, Dryer, Garage door opener, Hood Fan, Water Heater, Microwave, Stove, Washer, Refrigerator
Amenities
Separate Electricity Meters, Separate Heating Controls
Heat Source
Electric
Heat Type
Forced air
Cooling Features
Wall unit
Foundation Details
Block
Number Of Floors In Building
2
Water Source
Municipal water
Sewer
Sanitary sewer
