List Price: $2,000,000
243 Lippincott Street, Toronto C01, M5S 2P4
- By OUR NEIGHBOURHOOD REALTY INC.
Duplex|MLS - #C11891386|New
9 Bed
3 Bath
None Garage
Room Information
| Room Type | Features | Level |
|---|---|---|
| Bedroom 3.9 x 3.9 m | Hardwood Floor | Main |
| Kitchen 4.7 x 3.7 m | W/O To Patio | Main |
| Primary Bedroom 5.1 x 3.7 m | Hardwood Floor | Second |
| Bedroom 2 3.7 x 2.7 m | Hardwood Floor | Second |
| Bedroom 3 3.8 x 2.45 m | Hardwood Floor | Second |
| Primary Bedroom 3.7 x 3 m | Laminate, W/O To Patio | Flat |
| Bedroom 2 3.7 x 3 m | Laminate | Flat |
| Bedroom 3 3.7 x 2.9 m | Laminate | Flat |
Client Remarks
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.
Property Description
243 Lippincott Street, Toronto C01, M5S 2P4
Property type
Duplex
Lot size
N/A acres
Style
2-Storey
Approx. Area
N/A Sqft
Home Overview
Last check for updates
Virtual tour
N/A
Basement information
Finished with Walk-Out
Building size
N/A
Status
In-Active
Property sub type
Maintenance fee
$N/A
Year built
--
Walk around the neighborhood
243 Lippincott Street, Toronto C01, M5S 2P4Nearby Places
Shally Shi
Sales Representative, Dolphin Realty Inc
English, Mandarin
Residential ResaleProperty ManagementPre Construction
MORTGAGE INFO
ESTIMATED PAYMENT
$0 Principal and Interest
$0 Property Taxes
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