6 Lapp Street, Toronto, ON
Property Highlights
Welcome to this remarkable 2-Storey duplex located in the coveted neighborhood of Rockcliffe-Smythe. Expertly crafted featuring premium stucco (plaster) construction, this residence presents an exceptional opportunity offered at $1,499,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 7 Bedrooms and 5 Bathrooms with 3 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 25 x 120 ft lot
- Features a apartment basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Auto Garage Door Remote, Carpet Free, Primary Bedroom - Main Floor
- equipped with wall unit(s) central cooling and highly efficient forced air heating via electric
Description
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!
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Property Summary
This duplex located at 6 Lapp Street, Toronto is currently for sale and has been available on SousaSells for 5 days. This property is listed at $1,499,000 with an estimated mortgage of $4,990* per month. It has 7 beds, 5 bathrooms, and is 1500-2000 square feet. 6 Lapp Street, Toronto is in the Rockcliffe-Smythe neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 7 bedrooms and 5 bathrooms, this home offers ample space and comfort for growing families in Rockcliffe-Smythe, Toronto.
- •7 spacious bedroom layout offering versatile living space
- •5 well-appointed bathrooms
- •1500-2000 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Rockcliffe-Smythe, Toronto.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- Auto Garage Door Remote
- Carpet Free
- Primary Bedroom - Main Floor
- Sump Pump
- Separate Hydro Meter
- Separate Heating Controls
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 6 Lapp Street, Toronto, ON
Q.What is the asking price for 6 Lapp Street, Toronto, ON ?
The current listing price for 6 Lapp Street, Toronto, ON in Rockcliffe-Smythe, Toronto is $1,499,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 7 bedrooms and 5 bathrooms across approximately 1500-2000 sqft.
Q.What property type and architectural style is 6 Lapp Street, Toronto, ON ?
6 Lapp Street, Toronto, ON is a Duplex (2-Storey) featuring a Apartment basement.
Q.What interior features are included in this home?
Interior highlights include: Auto Garage Door Remote, Carpet Free, Primary Bedroom - Main Floor, Sump Pump, Separate Hydro Meter, Separate Heating Controls.
Q.Is parking available at this property?
Yes, this property offers parking space for 2.0 vehicles (Detached).
Q.What heating and cooling systems are installed?
Heating is provided via Electric and cooling via Wall Unit(s).
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Location
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Open in Google MapsNeighborhood Safety & Crime Analytics
Rockcliffe-Smythe, Toronto
195 assaults (802.1/100k)
35 B&E (144.0/100k)
58 thefts (238.6/100k)
Improving vs previous year
Formula: (Annual Occurrences / Population) Ă— 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 6 Lapp Street, Toronto, ON M6N 3W6
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $1,499,000 in Toronto, the legal minimum down payment is $299,800 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $26,455 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $26,455 also applies, bringing the total estimated land transfer taxes to $52,910.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
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