243 Lippincott Street, Toronto (University), Ontario M5S 2P4 (27734742)


LOADING

9 Bedroom 3 Bathroom
Central Air Conditioning Forced Air

$2,000,000

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 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:59911)

Property Details

MLS® Number C11891386
Property Type Single Family
Neigbourhood Harbord Village
Community Name University

Building

Bathroom Total 3
Bedrooms Above Ground 7
Bedrooms Below Ground 2
Bedrooms Total 9
Basement Development Finished
Basement Features Walk Out
Basement Type N/a (finished)
Cooling Type Central Air Conditioning
Exterior Finish Vinyl Siding
Flooring Type Hardwood, Laminate
Foundation Type Unknown
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Type Duplex
Utility Water Municipal Water

Land

Acreage No
Sewer Sanitary Sewer
Size Depth 139 Ft ,9 In
Size Frontage 17 Ft
Size Irregular 17.08 X 139.8 Ft
Size Total Text 17.08 X 139.8 Ft
Zoning Description R(d1*848)

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Tara Hussein
Salesperson

(416) 639-7575

Our Neighbourhood Realty Inc.

(416) 639-7575
www.onri.ca/