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243 LIPPINCOTT STREET, Toronto, Ontario

$2,000,000

9 Beds
3 Baths

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. (id:23309)

Listing ID: C12134404
Property Type: Multi-family

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Rooms

Level	Type	Dimensions
Primary Bedroom	Second level	5.1 m x 3.7 m
Bedroom 2	Second level	3.7 m x 2.7 m
Bedroom 3	Second level	3.8 m x 2.45 m
Living room	Flat	4 m x 3.7 m
Primary Bedroom	Flat	3.7 m x 3 m
Bedroom 2	Flat	3.7 m x 3 m
Bedroom 3	Flat	3.7 m x 2.9 m
Kitchen	Flat	4 m x 3.7 m
Family room	Main level	3.9 m x 3.9 m
Bedroom	Main level	3.9 m x 3.9 m
Kitchen	Main level	4.7 m x 3.7 m

Details

Transaction: For sale
Zoning Description: R(d1*848)

Building

BasementType: N/A (Finished)
Basement Development: Finished
Basement Features: Walk out
Bedrooms Main Level: 7
Bedrooms Lower Level: 2
Cooling: Central air conditioning
Exterior Finish: Vinyl siding
Fireplace Present: False
Flooring: Hardwood, Laminate
Foundation: Unknown
Bathrooms (Total): 3
Heating: Forced air
Heating Fuel: Natural gas
Stories Total: 2
Type: Duplex
Utility Water: Municipal water

Land

Sewer: Sanitary sewer
Size Frontage: 17 ft
Size Irregular: 17.08 x 139.8 FT

Listing provided by OUR NEIGHBOURHOOD REALTY INC.
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 243 LIPPINCOTT STREET in Toronto Ontario. It was last modified on May 8th, 2025. Contact Bird House Real Estate to schedule a viewing or to discover other Toronto real estate for sale.

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