243 LIPPINCOTT STREET new Save Request In-Person Tour Request Virtual Tour
Toronto (university),ON M5S2P4
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision University
MLS Listing ID C12134404
Bedrooms 9
Property Description
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:24570)
Location
Province ON
Rooms
Kitchen 2.0
Interior
Heating Forced air
Cooling Central air conditioning
Flooring Hardwood,Laminate
Exterior
Parking Features No
View Y/N No
Building
Story 2
Sewer Sanitary sewer