$2,000,000
243 Lippincott Street, Toronto C01, ON M5S 2P4
Property Description
Property type
Duplex
Lot size
N/A
Style
2-Storey
Approx. Area
< 700 Sqft
Room Information
Room Type | Dimension (length x width) | Features | Level |
---|---|---|---|
Family Room | 3.9 x 3.9 m | Hardwood Floor | Main |
Bedroom | 3.9 x 3.9 m | Hardwood Floor | Main |
Kitchen | 4.7 x 3.7 m | W/O To Patio | Main |
Primary Bedroom | 5.1 x 3.7 m | Hardwood Floor | Second |
About 243 Lippincott Street
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.
Home Overview
Last updated
May 8
Virtual tour
None
Basement information
Finished with Walk-Out
Building size
--
Status
In-Active
Property sub type
Duplex
Maintenance fee
$N/A
Year built
--
Additional Details
Price Comparison
Location

Angela Yang
Sales Representative, ANCHOR NEW HOMES INC.
MORTGAGE INFO
ESTIMATED PAYMENT
Some information about this property - Lippincott Street

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