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243 Lippincott St

Lippincott St, Downtown Toronto, Toronto, ON, M5S 2P4

9
Beds
3
Baths
$1,600,000
List Price
Details
Photos
38
Comparables
History
243 Lippincott St, Toronto, ON - 1 of 3
243 Lippincott St, Toronto, ON - 2 of 3
243 Lippincott St, Toronto, ON - 3 of 3
36 days on market

Quick Summary

  • Lucrative duplex generating $9,600 monthly rent
  • Ample tenant space with 3BR lane-way and 4BR main
  • Exciting development potential for 4+1 legal units
  • Prime downtown Toronto location near universities
  • Fully equipped with 2 sets of appliances and utilities

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... Show More

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. 2 sets Fridges, stoves, Washers/Dryers , dishwasher , 2 sets of furnace and AC. 2 SETS OF HYDRO AND GAS METER.

Property Details

Size

Sq. Ft. Not Available
11 total rooms
9 Beds
7 Above Grade - 2 Below Grade
3 Baths

Parking

None

Build

Year Built
-
Model Name
-
Basement
Fin W/O
Exterior
Vinyl Siding
Foundation
-
Builder Name
-
Stories
-
Flooring
Hardwood Floor, Laminate
Roof
-

Heating & Cooling

Heating
Forced Air
Cooling
Central Air

Utilities

Water
-
Sewer
Sewers
SHOW LESS

Rooms

Family

12′9″ x 12′9″

Br

12′9″ x 12′9″

Kitchen

12′1″ x 15′5″

Prim Bdrm

12′1″ x 16′8″

2nd Br

8′10″ x 12′1″

3rd Br

8′0″ x 12′5″

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Ownership Details

Ownership

Title
Freehold
Zoning
-

Taxes

Property Tax Year
2023-01-01
Property Tax Amount
$7,508.91

Source

Listing Brokerage

MLS® Listing
C9398542
Last Updated
November 13, 2024
Brokerage
OUR NEIGHBOURHOOD REALTY INC.
Call us 800-591-0566

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