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Maria Tompson
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$2,000,000
Available - For Sale
Listing ID: C11891386
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.
Price $2,000,000
Taxes: $7,508.91
Address: 243 Lippincott St , Toronto, M5S 2P4, Ontario
Lot Size: 17.08 x 139.8 (Feet)
Directions/Cross Streets: Lippincott St. / Harbord St.
Rooms: 11
Rooms +: 3
Bedrooms: 7
Bedrooms +: 2
Washrooms: 3
Kitchens: 2
Family Room: Y
Basement: Fin W/O
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Main Family 12.79 12.79 Hardwood Floor
Room 2: Main Br 12.79 12.79 Hardwood Floor
Room 3: Main Kitchen 15.42 12.14 W/O To Patio
Room 4: 2nd Prim Bdrm 16.73 12.14 Hardwood Floor
Room 5: 2nd 2nd Br 12.14 8.86 Hardwood Floor
Room 6: 2nd 3rd Br 12.46 8.04 Hardwood Floor
Room 7: Flat Prim Bdrm 12.14 9.84 Laminate, W/O To Patio
Room 8: Flat 2nd Br 12.14 9.84 Laminate
Room 9: Flat 3rd Br 12.14 9.51 Laminate
Room 10: Flat Kitchen 13.12 12.14 Laminate
Room 11: Flat Living 13.12 12.14 Laminate
No. of Pieces Level
Washroom 1:  3 2nd
Washroom 2:  3 Flat
Washroom 3:  3 Bsmt
Property Type: Duplex
Style: 2-Storey
Exterior: Vinyl Siding
Garage Type: None
(Parking/)Drive: None
Drive Parking Spaces: 0
Pool: None
Fireplace/Stove: N
Heat Source: Gas
Heat Type: Forced Air
Central Air Conditioning: Central Air
Elevator Lift: N
Sewers: Sewers
Water: Municipal
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OUR NEIGHBOURHOOD REALTY INC.

243 Lippincott St , Toronto, M5S 2P4, Ontario

Personal Picture
Maria Tompson
Sales Representative
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416-548-7854
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416-548-7854
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416-981-7184

 
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At a Glance:
Type: Freehold - Duplex
Area: Toronto
Municipality: Toronto
Neighbourhood: University
Style: 2-Storey
Lot Size: 17.08 x 139.80(Feet)
Approximate Age:
Tax: $7,508.91
Maintenance Fee: $0
Beds: 7+2
Baths: 3
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Office: 416-548-7854       Mobile: 416-548-7854      Fax: 416-981-7184         Toll Free: 1-866-382-2968
Office Address 4711 Yonge Street, 10th Floor, Toronto, Ontario M2N 6K8
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