243 Lippincott St

FOR SALE
$1,600,000
Terminated
$0
243 Lippincott St, Downtown Toronto
243 Lippincott St
243 Lippincott St
243 Lippincott St
243 Lippincott St
243 Lippincott St
243 Lippincott St
243 Lippincott St
243 Lippincott St
243 Lippincott St
7 + 2
BEDROOMS
3
BATHROOMS
2
KITCHENS
11 + 3
ROOMS
C9398542
MLSID
Contact Us
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-10-16 2024-12-13 58 $1,600,000 - Terminated
2024-10-16 2024-12-12 57 $1,600,000 - Suspended
2023-10-16 2024-04-04 171 $1,888,000 - Terminated
2023-09-25 2023-10-13 18 $1,888,000 - Terminated
2023-01-27 2023-06-29 49 $1,848,000 - Expired
2022-09-20 2022-12-14 86 $1,799,000 - Expired
2021-11-19 2022-01-04 46 $1,900,000 - Terminated
2021-11-08 2021-11-19 11 $1,799,000 - Terminated
2020-11-11 2021-01-11 61 $1,799,000 - Terminated
2020-08-28 2020-11-11 75 $1,999,000 - Terminated
Property Description
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.
Extras
2 sets Fridges, stoves, Washers/Dryers , dishwasher , 2 sets of furnace and AC. 2 SETS OF HYDRO AND GAS METER.
Nearby Intersections
Property Details
Community
Property Type
Duplex, 2-Storey
Lot Size
17' x 140'
Fronting
West
Taxes
$7,509 (2023)
Basement
Fin W/O
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Driveway
None
Garage Type
None
Room Summary
RoomLevelSizeFeatures
FamilyMain12.80' x 12.80'Hardwood Floor
BrMain12.80' x 12.80'Hardwood Floor
KitchenMain12.14' x 15.42'W/O To Patio
Prim Bdrm2nd12.14' x 16.73'Hardwood Floor
2nd Br2nd8.86' x 12.14'Hardwood Floor
3rd Br2nd8.04' x 12.47'Hardwood Floor
Prim BdrmFlat9.84' x 12.14'Laminate, W/O To Patio
2nd BrFlat9.84' x 12.14'Laminate
3rd BrFlat9.51' x 12.14'Laminate
KitchenFlat12.14' x 13.12'Laminate
LivingFlat12.14' x 13.12'Laminate
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