MLS® listing
6 Lapp Street: duplex for sale
$1,499,000
From the listing brokerage
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!
Facts on the listing
| Square feet | 1500-2000 |
|---|---|
| Style | 2-Storey |
| Basement | Apartment |
| Lot width | 25 |
| Lot depth | 120 |
| Lot measured in | Feet |
| Faces | West |
| Parking spaces | 2 |
| Garage | Detached |
| Heating | Forced Air |
| Cooling | Wall Unit(s) |
| Kitchens | 3 |
| Property tax | $6,221 |
| Tax year | 2026 |
| Parking | Lane |
| Interior features | Auto Garage Door Remote, Carpet Free, Primary Bedroom - Main Floor, Sump Pump, Separate Hydro Meter, Separate Heating Controls |
Listing courtesy of THE REALTY FIRM INC.. MLS® W13706704.
About this duplex
6 Lapp Street is a 7 bedroom duplex in TRREB's Rockcliffe-Smythe community in Toronto, listed for sale at $1,499,000. The listing shows 5 bathrooms and 1500-2000 square feet. The style is given as 2-storey. The lot is listed as 25 by 120 feet. The listing gives the basement as apartment. It comes with 2 parking spaces and a detached garage according to the listing. The nearest main intersection given is Keele St & St Clair Ave West.
These details come from the listing brokerage through TRREB's MLS® System. Room sizes, the lot, the taxes and what is included in the sale should all be confirmed before an offer is firm.
What it costs to buy 6 Lapp Street
At the asking price of $1,499,000, a buyer pays two land transfer taxes on closing: the Ontario tax and the City of Toronto's municipal tax. Both apply to every home inside the City.
| Asking price | $1,499,000 |
|---|---|
| Ontario land transfer tax | $26,455 |
| Toronto municipal land transfer tax | $26,455 |
| Both taxes | $52,910 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $124,900 |
The down payment figure is the federal minimum: 5 percent of the first $500,000 and 10 percent of the rest. A lender can ask for more. These figures use the asking price, so they change if you pay more or less. Legal fees, title insurance and adjustments are extra: ask your lawyer for a written quote. This is general information, not legal or tax advice. Confirm the figures with a lawyer or accountant. You can change the price in our land transfer tax calculator and our mortgage calculator.
What it costs to own each month
| Property tax (2026) | $6,221 a year, about $518 a month |
|---|
That is before a mortgage payment, home insurance and utilities. The listing shows no monthly maintenance fee, so upkeep of the building and the lot is the owner's own cost.
What to check before you make an offer
- Book a home inspection. An inspector looks at the roof, foundation, wiring, plumbing and heating. The listing gives the heating as forced air.
- Have a lawyer search the title. A title search shows mortgages, liens and easements registered against the property. Ask whether a survey exists and whether it matches the lot on the listing, 25 by 120 feet.
- Ask about permits. Ask which renovations had building permits and whether those permits were closed. The listing shows 3 kitchens. If there is a second unit, ask whether it meets the municipality's rules for one.
- Confirm what is included. Appliances, light fixtures and window coverings are included only if the agreement says so. Ask whether the water heater or furnace is rented.
- Get your financing in writing. A lender looks at the property tax and heating costs as well as the price.
- See it in person. Photos do not show noise, light at different hours or the state of the street and the homes beside it.
Our first-time home buyer guide and our page for buyers walk through each step. This is general information, not legal advice. Confirm the details with a lawyer.
Toronto neighbourhoods and prices
Our neighbourhood guides set out TRREB prices by home type, transit and the housing in each area we cover.
Toronto neighbourhood guides · Toronto house prices · All Toronto homes for sale
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Questions about 6 Lapp Street
How much is land transfer tax on 6 Lapp Street?
At the asking price of $1,499,000 the Ontario tax is $26,455 and the Toronto tax is $26,455, $52,910 in total. A first-time buyer who qualifies can get up to $8,475 back. Confirm the final figures with your lawyer.
What is the minimum down payment for 6 Lapp Street?
$124,900 at the asking price of $1,499,000, under the federal minimum down payment rules. A lender may require more.
How much is the property tax on 6 Lapp Street?
The listing shows $6,221 a year for 2026, about $518 a month.
How do I book a showing for 6 Lapp Street?
Use the form on this page or call us. Quote MLS® W13706704. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 6 Lapp Street still for sale?
This page is refreshed from TRREB's MLS® System through the day. If the listing sells or is withdrawn the page says so. Contact us to confirm before you make plans.
The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose. The data is deemed reliable but is not guaranteed accurate by TRREB or PropTx. Each listing shows the brokerage that listed it. Listings are updated every few minutes.
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