243 Lippincott St
University, Downtown Toronto, M5S 2P4
For Sale
21.67 BTC
➧
➧
7 + 2
BEDROOMS3
BATHROOMS2
KITCHENS11 + 3
ROOMSC9398542
MLSIDContact Us
Property Description
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.
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Extras
2 sets Fridges, stoves, Washers/Dryers , dishwasher , 2 sets of furnace and AC. 2 SETS OF HYDRO AND GAS METER.
Nearby Intersections
Bloor & Bathurst (44)
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Property Details
Property Type
Duplex, 2-Storey
Lot Size
17' x 140'
Fronting
West
Taxes
$7,509 (2023)
Basement
Fin W/O
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Driveway
None
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Family | Main | 12.80' x 12.80' | Hardwood Floor |
| Br | Main | 12.80' x 12.80' | Hardwood Floor |
| Kitchen | Main | 12.14' x 15.42' | W/O To Patio |
| Prim Bdrm | 2nd | 12.14' x 16.73' | Hardwood Floor |
| 2nd Br | 2nd | 8.86' x 12.14' | Hardwood Floor |
| 3rd Br | 2nd | 8.04' x 12.47' | Hardwood Floor |
| Prim Bdrm | Flat | 9.84' x 12.14' | Laminate, W/O To Patio |
| 2nd Br | Flat | 9.84' x 12.14' | Laminate |
| 3rd Br | Flat | 9.51' x 12.14' | Laminate |
| Kitchen | Flat | 12.14' x 13.12' | Laminate |
| Living | Flat | 12.14' x 13.12' | Laminate |
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Listing contracted with Our Neighbourhood Realty Inc.
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