ON > Toronto C01 > University
Toronto C01, ON M5S 2P4,243 Lippincott ST
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Mahesh Khatri

Mahesh Khatri

+1(416) 464-6568
$ 2,000,000
Est. payment | /mo

9 Beds

3 Baths

Save
$ 2,000,000
Est. payment | /mo
Save

9 Beds

3 Baths

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft < 700

Subdivision University

MLS Listing ID C12134404

Style 2-Storey

Bedrooms 9

Annual Tax Amount $7,508

Tax Year 2024

Property Sub-Type Duplex

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.

Location

Province ON

County Toronto

Community University

Area Toronto

Rooms

Family Room Yes

Basement Finished with Walk-Out

Kitchen 2

Separate Den/Office 2

Interior

Interior Features Accessory Apartment

Cooling Central Air

Fireplace No

Heat Source Gas

Exterior

Parking Features None

Pool None

Roof Type Unknown

Lot Frontage 17.08

Lot Depth 139.8

Building

Foundation Unknown

Listed by OUR NEIGHBOURHOOD REALTY INC.
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(416) 464-6568

mkhatri.teammahesh@gmail.com

7885 Tranmere Dr Unit 1, Mississauga, Ontario, L5S1V8, CAN

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243 Lippincott ST