$1,600,000
Available - For Sale
Listing ID: C9398542
243 Lippincott St , Toronto, M5S 2P4, Ontario
| This unique and high-performing duplex, generating $9,600 per month in rental income, offers both current cash flow and future development potential. The property features a 3-bedroom lane-way house (separately metered) and a 4-bedroom main house with an additional 2 bedrooms in the basement, providing ample space for tenants. Exciting development potential awaits! The city has expressed support for converting the property into 4 legal units fronting on Lippincott St. and 1 legal unit on Croft St., offering a rare opportunity to maximize the property's value. Located in a prime downtown Toronto location, this property is a short walk to the University of Toronto, Toronto General Hospital, shopping, community centers, and more. This is an exceptional opportunity for investors looking to expand their portfolio in one of Toronto's most sought-after neighborhoods. |
| Extras: 2 sets Fridges, stoves, Washers/Dryers , dishwasher , 2 sets of furnace and AC. 2 SETS OF HYDRO AND GAS METER. |
| Price | $1,600,000 |
| Taxes: | $7508.91 |
| Address: | 243 Lippincott St , Toronto, M5S 2P4, Ontario |
| Lot Size: | 17.08 x 139.80 (Feet) |
| Directions/Cross Streets: | Lippincott St. / Harbord St. |
| Rooms: | 11 |
| Rooms +: | 3 |
| Bedrooms: | 7 |
| Bedrooms +: | 2 |
| Kitchens: | 2 |
| Family Room: | Y |
| Basement: | Fin W/O |
| Property Type: | Duplex |
| Style: | 2-Storey |
| Exterior: | Vinyl Siding |
| Garage Type: | None |
| (Parking/)Drive: | None |
| Drive Parking Spaces: | 0 |
| Pool: | None |
| Fireplace/Stove: | N |
| Heat Source: | Gas |
| Heat Type: | Forced Air |
| Central Air Conditioning: | Central Air |
| Elevator Lift: | N |
| Sewers: | Sewers |
| Water: | Municipal |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| OUR NEIGHBOURHOOD REALTY INC. |
|
|
Sherin M Justin, CPA CGA
Sales Representative
Dir:
647-231-8657
Bus:
905-239-9222
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Freehold - Duplex |
| Area: | Toronto |
| Municipality: | Toronto |
| Neighbourhood: | University |
| Style: | 2-Storey |
| Lot Size: | 17.08 x 139.80(Feet) |
| Tax: | $7,508.91 |
| Beds: | 7+2 |
| Baths: | 3 |
| Fireplace: | N |
| Pool: | None |
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