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.
| Address |
243 Lippincott St |
| List Price |
$2,000,000 |
| Property Type |
Free |
| Type of Dwelling |
Duplex |
| Style of Home |
2-Storey |
| Area |
Toronto C01 |
| Sub-Area |
University |
| Bedrooms |
7 + 2 |
| Bathrooms |
3 |
| MLS® Number |
C9398542 |
| Listing Brokerage |
OUR NEIGHBOURHOOD REALTY INC.
|
| Postal Code |
M5S 2P4 |
| Tax Amount |
$7,509 |
| Tax Year |
2023 |
