243 Lippincott St, Toronto

243 Lippincott St, University, Toronto M5S2P4

2-Storey, Duplex Property
11 + 3 Rooms Total, 2 Kitchens

17.08 x 139.80

Fin W/O Basement
Vinyl Siding Exterior

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.

Pt Lt 56 Pl 112 Toronto As In Ct934129; City Of Toronto

3-piece on 2nd level
3-piece on flat level
3-piece on bsmt level

Main Level, 3.90m x 3.90m
Hardwood Floor

Main Level, 3.90m x 3.90m
Hardwood Floor

Main Level, 4.70m x 3.70m
W/O To Patio

2nd Level, 5.10m x 3.70m
Hardwood Floor

2nd Level, 3.70m x 2.70m
Hardwood Floor

2nd Level, 3.80m x 2.45m
Hardwood Floor

Flat Level, 3.70m x 3.00m
Laminate, W/O To Patio

Flat Level, 3.70m x 3.00m
Laminate

Flat Level, 3.70m x 2.90m
Laminate

Flat Level, 4.00m x 3.70m
Laminate

Flat Level, 4.00m x 3.70m
Laminate