$1,600,000

7 + 2 Bed, 3 Bath, 2-Storey home is located near Lippincott St. / Harbord St. in University.

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.

243 Lippincott St, Toronto is a 7 + 2 bedroom, 3 bathroom residential 2-Storey duplex home. 243 Lippincott St, Toronto is conveniently located in the University neighbourhood of Toronto Ontario. 243 Lippincott St, Toronto is an MLS®-Listed home with an asking price of $1,600,000. This residential property has been listed on ctfrealty.com for 1 days. Based on the Listing Price of 243 Lippincott St, Toronto, the estimated monthly mortgage payment would be $7,731. This Mortgage payment is calculated on a 5 year fixed mortgage with 25 year amortization and an interest rate of 5.39% with a down payment of 20%. The Annual property taxes for 243 Lippincott St, Toronto are approximately $7,509/year based on 2023 assessment.

This 2-Storey duplex home located at 243 Lippincott St, Toronto features a Vinyl Siding exterior. The lot size of this West facing property is 17.08 x 139.8 feet. The home has Gas fueled Forced Air heating. The family room at main level has hardwood floor. The bedroom at main level has hardwood floor. The kitchen at main level has w/o to patio. The master bedroom at 2nd level has hardwood floor. The 2nd bedroom at 2nd level has hardwood floor. The 3rd bedroom at 2nd level has hardwood floor. The master bedroom at flat level has laminate, w/o to patio. The 2nd bedroom at flat level has laminate. The 3rd bedroom at flat level has laminate. The kitchen at flat level has laminate. The living room at flat level has laminate.