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$2,000,000
Available - For Sale
Listing ID: C12134404
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.
Price $2,000,000
Taxes: $7,508.91
Occupancy by: Tenant
Address: 243 Lippincott Stre , Toronto, M5S 2P4, Toronto
Directions/Cross Streets: Lippincott St. / Harbord St.
Rooms: 11
Rooms +: 3
Bedrooms: 7
Bedrooms +: 2
Washrooms: 3
Family Room: T
Basement: Finished wit
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Main Family Ro 12.79 12.79 Hardwood Floor
Room 2: Main Bedroom 12.79 12.79 Hardwood Floor
Room 3: Main Kitchen 15.42 12.14 W/O To Patio
Room 4: Second Primary B 16.73 12.14 Hardwood Floor
Room 5: Second Bedroom 2 12.14 8.86 Hardwood Floor
Room 6: Second Bedroom 3 12.46 8.04 Hardwood Floor
Room 7: Flat Primary B 12.14 9.84 Laminate, W/O To Patio
Room 8: Flat Bedroom 2 12.14 9.84 Laminate
Room 9: Flat Bedroom 3 12.14 9.51 Laminate
Room 10: Flat Kitchen 13.12 12.14 Laminate
Room 11: Flat Living Ro 13.12 12.14 Laminate
No. of Pieces Level
Washroom 1 3 Second
Washroom 2 3 Flat
Washroom 3 3 Basement
Washroom 4 0
Washroom 5 0
Property Type: Duplex
Style: 2-Storey
Exterior: Vinyl Siding
Garage Type: None
(Parking/)Drive: None
Drive Parking Spaces: 0
Park #1
Parking Type: None
Park #2
Parking Type: None
Pool: None
Approximatly Square Footage: < 700
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Forced Air
Central Air Conditioning: Central Air
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Elevator Lift: False
Sewers: Sewer
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OUR NEIGHBOURHOOD REALTY INC.

243 Lippincott Stre , Toronto, M5S 2P4, Toronto

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Maria Tompson
Sales Representative
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416-548-7854
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416-981-7184

 
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At a Glance:
Type: Freehold - Duplex
Area: Toronto
Municipality: Toronto C01
Neighbourhood: University
Style: 2-Storey
Lot Size: x 139.80(Feet)
Approximate Age:
Tax: $7,508.91
Maintenance Fee: $0
Beds: 7+2
Baths: 3
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Maria Tompson
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Your Company Name, Brokerage
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sales@bestforagents.com

 

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