243 LIPPINCOTT STREET Toronto

243 LIPPINCOTT STREET, Toronto, Ontario

$2,000,000

  • 9 Beds
  • 3 Baths

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:56241)

  • Listing ID: C11891386
  • Property Type: Single Family

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Rooms

LevelTypeDimensions
Primary Bedroom Second level 5.1 m x 3.7 m
Bedroom 2 Second level 3.7 m x 2.7 m
Bedroom 3 Second level 3.8 m x 2.45 m
Living room Flat 4 m x 3.7 m
Primary Bedroom Flat 3.7 m x 3 m
Bedroom 2 Flat 3.7 m x 3 m
Bedroom 3 Flat 3.7 m x 2.9 m
Kitchen Flat 4 m x 3.7 m
Family room Main level 3.9 m x 3.9 m
Bedroom Main level 3.9 m x 3.9 m
Kitchen Main level 4.7 m x 3.7 m

Details

  • Transaction: For sale
  • Zoning Description: R(d1*848)

Building

  • BasementType: N/A (Finished)
  • Basement Development: Finished
  • Basement Features: Walk out
  • Bedrooms Main Level: 7
  • Bedrooms Lower Level: 2
  • Cooling: Central air conditioning
  • Exterior Finish: Vinyl siding
  • Fireplace Present: False
  • Flooring: Hardwood, Laminate
  • Foundation: Unknown
  • Bathrooms (Total): 3
  • Heating: Forced air
  • Heating Fuel: Natural gas
  • Stories Total: 2
  • Type: Duplex
  • Utility Water: Municipal water

Land

  • Sewer: Sanitary sewer
  • Size Frontage: 17 ft
  • Size Irregular: 17.08 x 139.8 FT
MLS®

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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 243 LIPPINCOTT STREET in Toronto Ontario. It was last modified on December 12th, 2024. Contact us to schedule a viewing or to discover other Toronto homes for sale.

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