243 LIPPINCOTT STREET, Toronto, Ontario M5S 2P4
$1,600,000.00
- 9 bedrooms
- 3 bathrooms
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 ... read 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. (id:25417)
Price reduced $400,000 (20%) from the list price.
- Listing ID: C9398542
- Property Type: Single Family
| Rooms | Level | Dimensions |
|---|---|---|
| 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 |
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