243 Lippincott St

The Annex, Downtown, Toronto

243 Lippincott St
243 Lippincott St
243 Lippincott St
+35
7+2
 bed
3
 bath
0
 parking
-
 sqft
Duplex
$1,600,000
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$1,600,000
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Size
-
Lot size
221.85 sqm
Street frontage
W
Possession
Immediately
Price per sqm
-
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 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.
Broker: OUR NEIGHBOURHOOD REALTY INC.
MLS®#: C9398542
Property details
Parking:
No
Parking type:
-
Property type:
Duplex
Heating type:
Forced Air
Style:
2-Storey
MLS Size:
-
Lot front:
5.18 M
Lot depth:
42.67 M
Listed on:
Oct 17, 2024
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Rooms
LevelNameSizeFeatures
Main
Family
1.2 x 1.2 m
Hardwood Floor
Main
Br
1.2 x 1.2 m
Hardwood Floor
Main
Kitchen
1.4 x 1.1 m
W/O To Patio
2nd
Prim Bdrm
1.6 x 1.1 m
Hardwood Floor
2nd
2nd Br
1.1 x 0.8 m
Hardwood Floor
2nd
3rd Br
1.2 x 0.8 m
Hardwood Floor
Flat
Prim Bdrm
1.1 x 0.9 m
Laminate, W/O To Patio
Flat
2nd Br
1.1 x 0.9 m
Laminate
Flat
3rd Br
1.1 x 0.9 m
Laminate
Flat
Kitchen
1.2 x 1.1 m
Laminate
Flat
Living
1.2 x 1.1 m
Laminate
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Instant estimate:
orto view instant estimate
$54,960
lower than listed price
i
High
$1,600,140
Mid
$1,545,040
Low
$1,467,299
248 Lippincott St
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$999,999
248 Lippincott St
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Josh Benoliel
Broker
Property.ca Inc., Brokerage
647-492-6766
© Property.ca Inc., Brokerage
MLS#: C9398542
Listed by OUR NEIGHBOURHOOD REALTY INC.

About 243 Lippincott St

Located at 243 Lippincott St, this Toronto duplex is available for sale. This duplex was listed at $1600000 in October 2024 and has 7+2 beds and 3 bathrooms. Situated in Toronto's Annex neighbourhood, Palmerston, Kensington Market, Little Italy and Seaton Village are nearby neighbourhoods.

Some good places to grab a bite are Think It, Emmer or Harbord Fish & Chips. Venture a little further for a meal at one of Annex neighbourhood's restaurants. If you love coffee, you're not too far from Krispy Kreme Doughnuts located at 215 Harbord St. For grabbing your groceries, Archer Dentist is not far.

For those residents of 243 Lippincott St, Toronto without a car, you can get around rather easily. The closest transit stop is a Bus Stop (Harbord St at Brunswick Ave) and is a short distance away connecting you to Toronto's public transit service. It also has route Wellesley nearby. For drivers, the closest highway is Gardiner Expressway and is within a few minutes drive from 243 Lippincott St, making it easier to get into and out of the city using on and off ramps on Rees St.