Rockcliffe-Smythe, Toronto, M6N 3W6
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 & $3,000/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!
Features
- Facing: West
- Bedrooms: 6
- Bathrooms: 5
- Garages: 2
- Kitchens: 2
Details
- Lot size: 25.00 x 120.00 Feet
- Space: 1500-2000
- Tax: $ 6221.00
- W13207998
- Listing contracted with: OAK AND KEY REAL ESTATE
| Room | Size(M) | Description | |
|---|---|---|---|
| Great Rm | 4.75x4.30 | Hardwood Floor, Open Concept, Pot Lights |
|
| Kitchen | 4.75x4.30 | Hardwood Floor, Granite Counters, Stainless Steel Appl |
|
| Primary B | 3.57x3.24 | Hardwood Floor, 2 Pc Ensuite, Closet |
|
| 2nd Br | 4.69x2.75 | Hardwood Floor, Closet, Window |
|
| 3rd Br | 3.35x3.05 | Hardwood Floor, Closet, Window |
|
| Great Rm | 5.48x4.88 | Hardwood Floor, Open Concept, Pot Lights |
|
| Kitchen | 5.48x4.88 | Hardwood Floor, Modern Kitchen, Open Concept |
|
| Primary B | 3.66x3.11 | Hardwood Floor, 2 Pc Ensuite, Large Window |
|
| 2nd Br | 4.27x2.74 | Hardwood Floor, Closet, Window |
|
| 3rd Br | 3.05x2.38 | Hardwood Floor, Closet, Window |
|
| Kitchen | 4.21x2.80 | Tile Floor, Breakfast Bar, Combined w/Den |
|
| Br | 3.05x2.75 | Tile Floor, Large Window, Pot Lights |
| Bathroom | Pieces | Level | |
|---|---|---|---|
| 1xBath | 4 pcs | Second |
|
| 1xBath | 2 pcs | Second |
|
| 1xBath | 4 pcs | Main |
|
| 1xBath | 2 pcs | Main |
|
| 1xBath | 3 pcs | Basement |
Property Summary
Located close to the intersection of Keele & St Clair Ave West, 6 Lapp St is a 6+1 bedrooms 5 washrooms Duplex. The unit has a Double Detached Parking Spaces. The property basement is Apartment . The property has many nice features including Carpet Free. Great Room, Kitchen, Primary B, second bedroom and third bedroom are on the Main floor.Local Area Profile
This property is located in an area with a high level of homeownership with a mix of detached homes and apartments and condominiums. Approximately 11% of residents hold a bachelor's degree or higher, while about 25% have a college credential. Residents use a combination of driving and public transit for commuting.
