243 Lippincott St

243 Lippincott St
243 Lippincott St
243 Lippincott St
+35
7+2
 bed
3
 bath
0
 parking
-
 sqft
Duplex
$2,000,000
For Sale
78 days
 on site
$2,000,000
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Size
-
Lot size
2388 sqft
Street frontage
W
Possession
Immediately
Price per sqft
-
Taxes
$7,508.91 (2023)
Parking Type
-
Style
2-Storey
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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.

EXTRAS:
Broker: OUR NEIGHBOURHOOD REALTY INC.
MLS®#: C11891386
Property details
Parking:
No
Parking type:
-
Property type:
Duplex
Heating type:
Forced Air
Style:
2-Storey
MLS Size:
-
Lot front:
17 Ft
Lot depth:
140 Ft
Listed on:
Dec 12, 2024
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Rooms
LevelNameSizeFeatures
Main
Family
12.8 x 12.8 ft
Hardwood Floor
Main
Br
12.8 x 12.8 ft
Hardwood Floor
Main
Kitchen
15.4 x 12.1 ft
W/O To Patio
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Instant estimate:
orto view instant estimate
$161,477
lower than listed price
i
High
$1,904,089
Mid
$1,838,523
Low
$1,746,015

About 243 Lippincott St

Located at 243 Lippincott St, this Toronto duplex is available for sale. It has been listed at $2000000 since December 2024. This duplex has 7+2 beds and 3 bathrooms. 243 Lippincott St resides in the Toronto Annex neighbourhood, and nearby areas include Palmerston, Kensington Market, Little Italy and Seaton Village.

There are a lot of great restaurants nearby 243 Lippincott St, Toronto.Grab your morning coffee at Krispy Kreme Doughnuts located at 215 Harbord St. Nearby grocery options: Archer Dentist is not far.

Transit riders take note, 243 Lippincott St, Toronto is nearby to the closest public transit Bus Stop (Harbord St at Brunswick Ave) with route Wellesley. Access to Gardiner Expressway from 243 Lippincott St is within a few minutes drive, making it easy for those driving to get into and out of the city getting on and off at Rees St.