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$1,299,900

Est. payment - /mo

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8 Beds

4 Baths

New

28 LAPPIN AVENUE Toronto, ON M6H1Y4

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Simran Mehta

simransellshouse@gmail.com +1(403) 680-6834

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000 - 2500

Subdivision Dovercourt-Wallace Emerson-Junction

MLS® Listing ID W14168596

Bedrooms 8

Property Sub-Type Freehold

Property Description

The Best Things Happen on Lappin! An exceptional opportunity in the heart of Wallace Emerson! This impressive three-storey Fourplex offers nearly 3,000 sq. ft. of total living space across four levels, featuring four self-contained residential units and an abundance of possibilities for investors, end-users and multi-generational families alike. Recently generating a 6.3% Cap Rate with $93,480 in annual gross rental income, demonstrating the property's impressive income-producing potential. Thoughtfully configured with a spacious two-bedroom main-floor suite, a two-bedroom second-floor suite, a one-bedroom plus den third-floor suite and a two-bedroom lower-level suite. Each unit offers its own distinct living space and outdoor area, while four separate hydro meters provide added convenience and flexibility for ownership and rental management. The property is well maintained and offers an increasingly rare opportunity with three of the four units currently vacant. Set your own rents, select your own tenants, occupy one unit while generating income from the others, or explore the potential to reconfigure the existing layout to create a larger personal living space. The possibilities are numerous! Additional highlights include a newer roof(2025), two desirable laneway parking spaces and potential future laneway suite opportunities. The property backs directly onto the exciting new Galleria development, with planned green space and an abundance of new community amenities right at your doorstep. An outstanding location just minutes to the Bloor subway, UP Express, Wallace Emerson Community Centre and the ever-popular Geary Avenue, known for its vibrant collection of restaurants, cafes, breweries and creative spaces. Enjoy convenient access to transit, parks, shopping and everything this evolving west-end neighbourhood has to offer. Four units. Multiple opportunities. One exceptional address. Don't miss your chance to make something special happen on Lappin! (id:24570)

Location

State ON

Rooms

Kitchen 3.0

Extra Room 1 Second level 4.3 m X 3.75 m Living room

Extra Room 2 Second level 3.4 m X 3.1 m Kitchen

Extra Room 3 Second level 4.1 m X 4 m Bedroom

Extra Room 4 Second level 4.2 m X 3.75 m Bedroom

Extra Room 5 Third level 3.35 m X 2.89 m Living room

Extra Room 6 Third level 3.01 m X 2.89 m Bedroom

Interior

Heating Baseboard heaters, Heat Pump,

Cooling Wall unit

Exterior

Parking Features No

View Y/N No

Attached Garage No

Total Parking Spaces 2

Garage No

Private Pool No

Building

Story 3

Sewer Sanitary sewer

Others

Ownership Freehold

Virtual Tour https://www.elitepropertiestoronto.com/28-lappin-avenue

Listed by REMAX YOUR COMMUNITY REALTY

Nearby Locations

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Simran Mehta

Agent

+1(403) 680-6834