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$ 2,000,000
Est. payment /mo
Active
243 LIPPINCOTT STREET Toronto (university), ON M5S2P4
9 Beds
3 Baths
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision University
MLS® Listing ID C11891386
Bedrooms 9
Originating Board Toronto Regional Real Estate Board
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. (id:24570)
Location
State ON
Rooms
Extra Room 1 Second level 5.1 m X 3.7 m Primary Bedroom
Extra Room 2 Second level 3.7 m X 2.7 m Bedroom 2
Extra Room 3 Second level 3.8 m X 2.45 m Bedroom 3
Extra Room 4 Flat 4 m X 3.7 m Living room
Extra Room 5 Flat 3.7 m X 3 m Primary Bedroom
Extra Room 6 Flat 3.7 m X 3 m Bedroom 2
Interior
Heating Forced air
Cooling Central air conditioning
Flooring Hardwood, Laminate
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Listed by OUR NEIGHBOURHOOD REALTY INC.