$ 1,499,000

6 Lapp Street, Toronto

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:1945)
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Property details for 6 Lapp Street, Toronto

Type
Multi-family
Bedrooms
7
Bathrooms
5
Lot Size
25 x 120 FT
Stories
2
Basement
Apartment in basement, N/A
Parking
Detached Garage, Garage
Heating
Forced air, Electric
Cooling
Wall unit
Exterior
Stucco
Annual Taxes
$6,221 (2025)

Nearby Listings Stat

Estimated price and comparable properties near 6 Lapp Street

Active Listings
4
Min Price
$1,499,000
Max Price
$2,949,000
Avg Price
$2,024,500
Days on Market
65
days
Sold Listings
0
Min Sold Price
$N/A
Max Sold Price
$N/A
Avg Sold Price
$N/A
Days until Sold
N/A
days

Price History

Listed
August 24, 2026
by THE REALTY FIRM INC.
Current Price
$1,499,000
-2% from last change
Type
Multi-family
For Sale
Price Changes
4
Date Price Change
Current $1,499,000 $30,000 (-2%)
Jun 27, 2026 $1,529,000 $20,000 (-1.3%)
May 28, 2026 $1,549,000 $20,000 (-1.3%)
May 2, 2026 $1,569,000 $30,000 (-1.9%)
Mar 19, 2026 $1,599,000 Listed

Contact Agent Get in touch about 6 Lapp Street, Toronto

FRANK CAETANO
FRANK CAETANO
THE REALTY FIRM INC.