$2,000,000
Available - For Sale
Listing ID: C12134404
243 Lippincott Stre , Toronto, M5S 2P4, Toronto
| This unique and high-performing duplex, generating approx $10,900 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. |
| Price | $2,000,000 |
| Taxes: | $7508.91 |
| Occupancy: | Tenant |
| Address: | 243 Lippincott Stre , Toronto, M5S 2P4, Toronto |
| Directions/Cross Streets: | Lippincott St. / Harbord St. |
| Rooms: | 11 |
| Rooms +: | 3 |
| Bedrooms: | 7 |
| Bedrooms +: | 2 |
| Family Room: | T |
| Basement: | Finished wit |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Main | Family Ro | 12.79 | 12.79 | Hardwood Floor |
| Room 2 | Main | Bedroom | 12.79 | 12.79 | Hardwood Floor |
| Room 3 | Main | Kitchen | 15.42 | 12.14 | W/O To Patio |
| Room 4 | Second | Primary B | 16.73 | 12.14 | Hardwood Floor |
| Room 5 | Second | Bedroom 2 | 12.14 | 8.86 | Hardwood Floor |
| Room 6 | Second | Bedroom 3 | 12.46 | 8.04 | Hardwood Floor |
| Room 7 | Flat | Primary B | 12.14 | 9.84 | Laminate, W/O To Patio |
| Room 8 | Flat | Bedroom 2 | 12.14 | 9.84 | Laminate |
| Room 9 | Flat | Bedroom 3 | 12.14 | 9.51 | Laminate |
| Room 10 | Flat | Kitchen | 13.12 | 12.14 | Laminate |
| Room 11 | Flat | Living Ro | 13.12 | 12.14 | Laminate |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 3 | Second |
| Washroom Type 2 | 3 | Flat |
| Washroom Type 3 | 3 | Basement |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Total Area: | 0.00 |
| Property Type: | Duplex |
| Style: | 2-Storey |
| Exterior: | Vinyl Siding |
| Garage Type: | None |
| (Parking/)Drive: | None |
| Drive Parking Spaces: | 0 |
| Park #1 | |
| Parking Type: | None |
| Park #2 | |
| Parking Type: | None |
| Pool: | None |
| Approximatly Square Footage: | < 700 |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Forced Air |
| Central Air Conditioning: | Central Air |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Elevator Lift: | False |
| Sewers: | Sewer |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| OUR NEIGHBOURHOOD REALTY INC. |
|
|
Wally Islam
Real Estate Broker
Dir:
416-949-2626
Bus:
416-293-8500
Fax:
905-913-8585
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At a Glance:
| Type: | Freehold - Duplex |
| Area: | Toronto |
| Municipality: | Toronto C01 |
| Neighbourhood: | University |
| Style: | 2-Storey |
| Tax: | $7,508.91 |
| Beds: | 7+2 |
| Baths: | 3 |
| Fireplace: | N |
| Pool: | None |
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