243 Lippincott Street For Sale

Toronto, University, M5S 2P4

$1,600,000

Description

Listed by OUR NEIGHBOURHOOD REALTY INC..

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 lane-way 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's 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.

2 sets Fridges, stoves, Washers/Dryers , dishwasher , 2 sets of furnace and AC. 2 SETS OF HYDRO AND GAS METER.

Location

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  • Address: 243 Lippincott Street
  • Neighborhood: University
  • City: Toronto
  • State: Ontario
  • Postal Code: M5S 2P4

Property Details

  • Property ID: C9398542
  • Property Price: $1,600,000
  • Style: Duplex, 2-Storey
  • Rooms: 11+3
  • Bedrooms: 7+2
  • Bath: 3
  • A/C: Central Air
  • Basement: Fin W/O
  • Den: Y
  • Elevator: N
  • Exterior: Vinyl Siding
  • Heating: Forced Air
  • Fireplace: N
  • Taxes: $7,508.91 (2023)
  • Lot: 139.80x17.08 (Feet)

Room details and dimensions

Statistics for similar Duplex homes in University

The graph below compares the average list price and average sale price of homes in this neighborhood by month for the last 24 months. When average sale price is greater than average list price, this may suggest a buyer's market. When average sale price is lower than the average list price this may suggest a seller's market.

Average days on market for similar Duplex homes in University

The graph below illustrates the average days on market for homes in this neighborhood. The yellow area may indicate a buyer's market, the green area may indicate a balanced market and the red area may indicate a seller's market.

Number of transactions for similar Duplex homes in University

Property History

This property has been sold 13 times before. To view this property's sale price history please sign in or register:


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Contact Manoj Kukreja

Sales Representative, Re/max Premier Inc., Brokerage
(647) 576 - 2100