ON > Toronto C01
Toronto C01, ON M5S 2P4,243 Lippincott ST
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Toronto C01, ON M5S 2P4,243 Lippincott ST
Toronto C01, ON M5S 2P4,243 Lippincott ST
Toronto C01, ON M5S 2P4,243 Lippincott ST
Toronto C01, ON M5S 2P4,243 Lippincott ST
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Jeff Somlo

Jeff Somlo

+1(647) 998-3693
$ 1,600,000
Est. payment /mo
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Active

243 Lippincott ST Toronto C01, ON M5S 2P4

7 Beds

3 Baths

UPDATED:

11/25/2024 03:13 PM

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID C9398542

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 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.

Location

Province ON

County Toronto

Community University

Area Toronto

Region University

City Region University

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

Building

Foundation Unknown

Listed by OUR NEIGHBOURHOOD REALTY INC.
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243 Lippincott ST