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Tony & Ledi Real Estate Team

info@tonyledi.com +1(647) 493-3579

Est. payment | -/mo

1 Bath

2,124 SqFt

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Est. payment | -/mo

Save Virtual Tour

1 Bath

2,124 SqFt

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 2,124 sqft

Municipality Toronto W02

Subdivision Dovercourt-Wallace Emerson-Junction

MLS Listing ID W14170308

Annual Tax Amount $5,889

Tax Year 2025

Property Sub-Type Investment

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!

Location

Province ON

County Toronto

Community Toronto W02

Area Toronto

Zoning Res

Rooms

Kitchen 4

Interior

Cooling Partial

Inclusions 4 Fridges, 4 Stoves. Electrical Lighting Fixtures, 4 Hot Water Tanks (New in 2025/2026), 400 Amps of Power with 4 Hydro Meters. 1 Ductless Mini Split. Window Coverings. Rear-yard Studio Space or Storage Space. Sump Pump in basement.

Exterior

Utilities Available Yes

Lot Frontage 18.0

Lot Depth 118.0

Building

Building Age 100+

Others

ParcelsYN No

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28 Lappin AVE Toronto, ON M6H 1Y4