243 LIPPINCOTT STREET

Toronto (University), Ontario, M5S2P4, Canada

$1,600,000

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 lane-way 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's 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.

EXTRAS 2 sets Fridges, stoves, Washers/Dryers , dishwasher , 2 sets of furnace and AC. 2 SETS OF HYDRO AND GAS METER.

Last updated on : Monday 25th of November 2024 11:38:06 AM

ADDRESS

Street : 243 LIPPINCOTT STREET

City : Toronto (University)

Province : Ontario

Country : Canada

Postal Code : M5S2P4

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PROPERTY SUMMARY

Property ID : C9398542

Building Type : Duplex

Property Type : Single Family

Bedrooms : 7 + 2

Bathrooms : 3

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