Homes for sale - 243 LIPPINCOTT STREET, Toronto (university), ON M5...

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Dana Paes

dana@artlee.ca +1(403) 397-4412

$ 2,000,000

Est. payment | -/mo

9 Beds

3 Baths

Save

$ 2,000,000

Est. payment | -/mo

Save

9 Beds

3 Baths

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision University

MLS® Listing ID C11891386

Bedrooms 9

Originating Board Toronto Regional Real Estate Board

Property Description

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:24570)

Location

Province ON

Rooms

Extra Room 1 Second level 5.1 m X 3.7 m Primary Bedroom

Extra Room 2 Second level 3.7 m X 2.7 m Bedroom 2

Extra Room 3 Second level 3.8 m X 2.45 m Bedroom 3

Extra Room 4 Flat 4 m X 3.7 m Living room

Extra Room 5 Flat 3.7 m X 3 m Primary Bedroom

Extra Room 6 Flat 3.7 m X 3 m Bedroom 2

Interior

Heating Forced air

Cooling Central air conditioning

Flooring Hardwood, Laminate

Exterior

Parking Features No

View Y/N No

Private Pool No

Building

Story 2

Sewer Sanitary sewer

Listed by OUR NEIGHBOURHOOD REALTY INC.

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(403) 397-4412

dana@artlee.ca

700, 1816 Crowchild Trail NW, Calgary, T2M, 3Y7, Canada

243 LIPPINCOTT STREET Toronto (university), ON M5S2P4