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. (id:4069)
Address
243 LIPPINCOTT STREET
List Price
$2,000,000
Property Type
Multi-family
Type of Dwelling
Duplex
Area
Ontario
Sub-Area
Toronto (university)
Bedrooms
9
Bathrooms
3
Lot Size
17.08 x 139.8 FT Sq. Ft.
MLS® Number
C12134404
Listing Brokerage
OUR NEIGHBOURHOOD REALTY INC.
Basement Area
N/A (Finished)
Postal Code
M5S2P4
Zoning
R(d1*848)
