243 Lippincott ST Active Save Request In-Person Tour Request Virtual Tour
Toronto C01,ON M5S 2P4
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision University
MLS Listing ID C11891386
Style 2-Storey
Bedrooms 7
Annual Tax Amount $7,508
Tax Year 2023
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 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.
Location
Province ON
County Toronto
Community University
Area Toronto
Rooms
Family Room Yes
Basement Finished with Walk-Out
Kitchen 2
Separate Den/Office 2
Interior
Interior Features Accessory Apartment
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features None
Pool None
Roof Type Unknown
Lot Depth 139.8
Building
Foundation Unknown