Semi-Detached House sold at 243 Lippincott Street, Toronto, Ontario, M5S 2P4 - University - MLS: C11891386

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243 Lippincott Street

Toronto, Ontario, M5S 2P4 - University

$2,000,000

Neighbourhood

University
Major Intersection

Lippincott St. / Harbord St.

Listed Since: 678 day(s)
Last update: 553 day(s) ago

Overview

Property Type

Duplex, 2-Storey
Bedrooms

7 + 2
Bathrooms

3
Basement

Fin W/O
Kitchen

2
Total Parking

n/a
Lot Size

17.08x139.8 (Feet)
Taxes

$7,508.91 (2023)
Type

Freehold

Property Description

Property description for 243 Lippincott Street, Toronto

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.

Listed by OUR NEIGHBOURHOOD REALTY INC.

Property details

MLS #

C11891386
Sq. Ft

Available Upon Request
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

Available Upon Request
Pool

None
Drive

None
Garage

None
Total Parking

0
Family Room

Y
Den

Y
Exterior

Vinyl Siding
Fireplace

N
Roof

Unknown
Foundation

Unknown
Elevator

N
Water View

n/a
Laundry Level

n/a
Heat

Forced Air
A/C

Central Air
Water

Municipal
Water Supply

n/a
Sewers

Sewers
Central Vac

n/a

MLS #

C11891386
Sq. Ft

Available Upon Request
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

Available Upon Request
Pool

None
Drive

None
Garage

None
Total Parking

0
Family Room

Y
Den

Y
Exterior

Vinyl Siding
Fireplace

N
Roof

Unknown
Foundation

Unknown
Elevator

N
Water View

n/a
Laundry Level

n/a
Heat

Forced Air
A/C

Central Air
Water

Municipal
Water Supply

n/a
Sewers

Sewers
Central Vac

n/a

Family

3.9 x 3.9 ft Main level

Hardwood Floor
Br

3.9 x 3.9 ft Main level

Hardwood Floor
Kitchen

4.7 x 3.7 ft Main level

W/O To Patio
Primary

5.1 x 3.7 ft 2nd level

Hardwood Floor
2nd Br

3.7 x 2.7 ft 2nd level

Hardwood Floor
3rd Br

3.8 x 2.45 ft 2nd level

Hardwood Floor
Primary

3.7 x 3.0 ft Flat level

Laminate, W/O To Patio
2nd Br

3.7 x 3.0 ft Flat level

Laminate
3rd Br

3.7 x 2.9 ft Flat level

Laminate
Kitchen

4.0 x 3.7 ft Flat level

Laminate
Living

4.0 x 3.7 ft Flat level

Laminate

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Property History

Property history for 243 Lippincott Street, Toronto

This property has been sold 16 times before. Create your free account to explore sold prices, detailed property history, and more insider data.

Estimated price

Date

Price

Change

2024-12-13

$1,983,404

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Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Purchase Price

Down Payment($)

Down Payment(%)*

First time home buyer

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.

Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100

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