243 Lippincott St, Toronto, Ontario

Multi-Family for Sale in Toronto

243 Lippincott St, Toronto, ON

  • CA$1,300,000
  • 7+2 BEDS
  • 3 BATHS
  • 2,387.78 sq.ft. Land
  • CA$1,300,000

Multi-Family for Sale in Toronto

243 Lippincott St, Toronto, ON

  • CA$1,300,000
  • 7+2 BEDS
  • 3 BATHS
  • 2,387.78 sq.ft. Land
  • CA$1,300,000

Key Facts

  • MLS® #: C12338321
  • Property ID: SIRC3006647
  • Property Type: Residential, Duplex
  • Lot Size: 2,387.78 sq.ft.
  • Bedrooms: 7+2
  • Bathrooms: 3
  • Additional Rooms: Den
  • Listed By:
  • OUR NEIGHBOURHOOD REALTY INC.

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.

Rooms

  • TypeLevelDimensionsFlooring
  • Family roomMain12' 9.5" x 12' 9.5"Other
  • BedroomMain12' 9.5" x 12' 9.5"Other
  • KitchenMain12' 1.6" x 15' 5"Other
  • Hardwood2nd floor12' 1.6" x 16' 8.7"Other
  • Bedroom2nd floor8' 10.2" x 12' 1.6"Other
  • Bedroom2nd floor8' 4.5" x 12' 5.6"Other
  • LaminateFlat9' 10.1" x 12' 1.6"Other
  • BedroomFlat9' 10.1" x 12' 1.6"Other
  • BedroomFlat9' 6.1" x 12' 1.6"Other
  • KitchenFlat12' 1.6" x 13' 1.4"Other
  • Living roomFlat12' 1.6" x 13' 1.4"Other

Listing Agents

OUR NEIGHBOURHOOD REALTY INC.

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Location

243 Lippincott St, Toronto, Ontario, M5S 2P4 Canada

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