I don't have enough recent comparable sales to call this one's price, but 14 days on market. Here's everything I've got on it — ask me anything.
Toronto · Toronto Region · Rockcliffe-Smythe
6 Lapp Street
Duplex
MLS® #W13706704
Listed for$1,499,00014 days on market
6+1 bed 5 bath 2 parking 1500-2000 sq ft~$857/sq ft
14 days on market
Listing states: renovated
7 schools within 1 km
Transit stop ~260 m
Free · about 10 seconds
Is $1,499,000 a fair price?
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Est. all-in monthly~$7,493/momortgage + property tax + maintenance · 20% down · example rate (compounded semi-annually) — the math on the list price, not a quote or what you can afford. For real rates, Alex can connect you with a mortgage pro.
Santa Maria Catholic SchoolCatholic · Elementary & Secondary · Toronto CDSB0.6 km
St Oscar Romero Catholic Secondary SchoolCatholic · Secondary · Toronto CDSB0.7 km
St Matthew Catholic SchoolCatholic · Elementary & Secondary · Toronto CDSB0.7 km
George Harvey Collegiate InstitutePublic · Secondary · Toronto DSB0.9 km
Locations: Open Database of Educational Facilities (ODEF), Statistics Canada v2.1 (2022) · Open Government Licence – Canada. School locations as of 2022 — confirm current catchment and enrolment with the school board. For official provincial results, check EQAO.
Getting around
Public transit near this home, by straight-line distance. Factual locations from OpenStreetMap — not walking time, and not a rating.
Northland AvenueNearest transit · Bus stop~260 m
Mount Dennis Station Secondary EntranceNearest subway · Subway~1.6 km
Mount DennisNearest GO / rail · GO / regional rail~1.6 km
Source: TRREB sold data via Repliers · all property types
Neighbourhood demographics — Toronto
2,794,356Population (2021)
39.6Median age
$84,000Median household income
51.9%Home owners
48.1%Renters
2.4Avg household size
Source: Statistics Canada, 2021 Census
Description & details
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!
The data only goes so far — condition, light and layout are worth seeing in person, with a home inspection, before you commit.
Listed by THE REALTY FIRM INC.. Showings via AskEmma by Alex Goodman, Sales Representative, RE/MAX Your Community Realty, Brokerage.
For sale
