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    For Sale - 243 Lippincott Street, Toronto, Ontario

    Est payment $6,444/mo
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    Time on Jump  89 day

    AI Summary *

    • High-performing duplex with approximately $10,900 monthly rental income.
    • Features a 3-bedroom laneway house and a spacious 4-bedroom main house.
    • Development potential for converting to multiple legal units identified by the city.
    • Prime downtown Toronto location near University of Toronto and other amenities.
    • Ideal investment opportunity in a highly sought-after neighborhood.




    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.
    Listing IDC12338321
    Address243 Lippincott Street
    CityToronto, Ontario
    Price$1,300,000
    Bed / Bath9 / 3 Full
    Style2-Storey, Duplex
    ConstructionVinyl Siding
    TypeMulti-Family
    StatusFor Sale

    Subtype DuplexIndoor Features Accessory ApartmentOwnership FreeholdBasement Finished with Walk-OutFoundation UnknownHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

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    Listing Agency:  OUR NEIGHBOURHOOD REALTY INC.
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    243 Lippincott Street
    Toronto , Ontario
    9 3 $1,300,000
    Get more info