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Key Facts
Key facts for 243 Lippincott Street
Property Type
Apartment, 2-Storey
Parking
None 0 garage, 0 parking
MLS #
C12134404
Size
< 700 sqft
Basement
Finished with Walk-Out
Listed on
2025-05-08
Lot size
17 x 139.8
Tax
$7,508.91 /yr
Days on Market
103
Approximate Age
-
Maintenance Fee
-
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.
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