10 Lapp Street, Toronto, ON
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Property Highlights
Welcome to this remarkable 3-Storey triplex located in the coveted neighborhood of Rockcliffe-Smythe. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,149,000 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.
- 6 Bedrooms and 3 Bathrooms with 3 functional kitchens
- Generous living space spanning 3000-3500 sqft on a premium 25 x 120 ft lot
- 6.0 total parking spaces available
- Notable attributes: None
- Efficient radiant heating via gas
Description
Exceptional investment opportunity in Toronto's growing Rockcliffe-Smythe neighbourhood! This fully detached three-storey triplex at 10 Lapp St sits on a 25 x 120 ft lot and offers over 3,000 sq ft of above-grade living space across three self-contained units. Each unit features a functional layout with two bedrooms, a full kitchen, living room, dining area, and a 4-piece bathroom, providing comfortable living spaces ideal for tenants or multi-generational living. The property also offers rare rear parking for up to six vehicles. Ideally located on a quiet residential street with convenient access to TTC transit, making commuting throughout the city simple. Just minutes from the vibrant Stockyards District with a wide selection of shops, restaurants, grocery stores, and everyday amenities. Enjoy nearby green spaces including Smythe Park, the scenic Humber River trail system with walking and cycling paths, and close proximity to Lambton Golf & Country Club. Close to schools, parks, and community centres, with easy access to major highways including Highway 401, Highway 400 and the Gardiner Expressway. Property is being sold as-is, where-is, offering incredible potential for investors looking to secure a solid multi-unit property in a convenient and evolving Toronto neighbourhood.
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Pricing & Value Insights
Data-driven valuation for 10 Lapp Street, Toronto W03, 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 $1,149,000 in Toronto, the legal minimum down payment is $229,800 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 $19,455 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $19,455 also applies, bringing the total estimated land transfer taxes to $38,910.
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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.
