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 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:47423)
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Detailed Information
Bedrooms
7+2
Bathrooms
3
Lot
17 x 139.75 ft
Listing Contract Date
2024-12-12
Location Description
Lippincott St. / Harbord St.
Property Type
Single Family
Transaction Type
For sale
Zoning Description
R(d1*848)
Building
Basement Development
Finished
Basement Features
Walk out
Basement Type
N/A (Finished)
Cooling Type
Central air conditioning
Exterior Finish
Vinyl siding
Flooring Type
Hardwood, Laminate
Foundation Type
Unknown
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
2
Type
Duplex
Utility Water
Municipal water
Rooms
Room
Level
Dimensions
Notes
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
Land
Total Size
17.08 x 139.8 FT
Sewer
Sanitary sewer
Size of Irregular Land
17.08 x 139.8 FT
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