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$2,000,000

3 days agoDuplex For Sale
bedrooms9bed
washrooms6bath
MLS - #C12134404

243 Lippincott Street, Toronto C01, ON M5S 2P4

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Average Price
200000000.0%
Higher than average

Price Comparison

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Property Description

Property type

Duplex

Lot size

N/A

Style

2-Storey

Approx. Area

N/A

Room Information

Room TypeDimension (length x width)FeaturesLevel
Family Room3.9 x 3.9 mHardwood FloorMain
Bedroom3.9 x 3.9 mHardwood FloorMain
Kitchen4.7 x 3.7 mW/O To PatioMain
Primary Bedroom5.1 x 3.7 mHardwood FloorSecond

About 243 Lippincott Street

This unique and high-performing duplex, generating approx $10,900 per month in rental income, offers both current cash flow and future development potential. The property features a 3-bedroom laneway 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 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.

Home Overview

Last updated

3 days ago

Virtual tour

None

Basement information

Finished with Walk-Out

Building size

--

Status

In-Active

Property sub type

Duplex

Maintenance fee

$N/A

Year built

--

Listed by OUR NEIGHBOURHOOD REALTY INC.

Additional Details

Basement:Finished with Walk-Out
Cooling:Central Air
Heating:Forced Air
Parking Features:None

MORTGAGE INFO

ESTIMATED PAYMENT

$0 Principal and Interest
$0 Property Taxes

Location

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Walk Score for 243 Lippincott Street

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