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Home ON Greater Toronto Area Toronto Old Toronto Harbord Village
243 LIPPINCOTT STREET
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243 LIPPINCOTT STREET $2,000,000
6 days ago
$2,000,000
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243 LIPPINCOTT STREET
Toronto (University), Ontario M5S2P4

MLS® Number: C11891386
7 + 2
Bedrooms
3
Bathrooms
-
Square Feet

Listing 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. (39626128)

Location Description

Lippincott St. / Harbord St.

Property Summary

Property Type
Single Family
Building Type
Duplex
Storeys
2
Community Name
University
Land Size
17.08 x 139.8 FT
Annual Property Taxes
$7,508.91
Total Parking Spaces
0
Time on REALTOR.ca
6 days

Building

Bedrooms
Above Grade
7
Below Grade
2
Bathrooms
Total
3
Interior Features
Flooring
Hardwood, Laminate
Basement Features
Walk out
Basement Type
N/A (Finished)
Building Features
Foundation Type
Unknown
Heating & Cooling
Cooling
Central air conditioning
Heating Type
Forced air (Natural gas)
Utilities
Utility Sewer
Sanitary sewer
Water
Municipal water
Exterior Features
Exterior Finish
Vinyl siding
Parking
Total Parking Spaces
0

Rooms

MetricImperial
Main level
Family room
Bedroom
Kitchen
Second level
Primary Bedroom
Bedroom 2
Bedroom 3
Flat
Living room
Primary Bedroom
Bedroom 2
Bedroom 3
Kitchen

Land

Lot Features
Frontage
17 ft
Land Depth
139 ft ,9 in
Other Property Information
Zoning Description
R(d1*848)
Data provided by: Toronto Regional Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1

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