243 Lippincott St

Toronto C01 | University | M5S 2P4
  • 7 + 2
  • 3
  • 0

Ask: $2,000,000 $1,600,000

Est. Mtg $5,425 /mo
  • Days on market

    38

  • Status

    Pc

Listing Broker OUR NEIGHBOURHOOD REALTY INC.
Since listed: 0 views

Home details

MLS #:

C9398542

Property type:
Duplex
Style:
2-Storey
Taxes:
$7,509
Possession:
Immediately
Lot Front:
17.08   Feet
Lot Depth:
139.8   Feet
Basement:
Fin W/O |
Driveway Pkg:
0
Heat:
Gas | Forced Air

Description


243 Lippincott St, , Toronto, Ontario is a Duplex property in Toronto C01 and in the University community in the M5S 2P4 postal code


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..


History

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List Date End Date List Price End Price Status MLS #
2020-08 2020-11 $2,190,000 $1,999,000 Ter C4889934
2020-11 2021-01 $1,199,000 $1,799,000 Ter C4986070
2021-11 2021-11 $1,799,000 $1,799,000 Ter C5426071
2021-11 2022-01 $999,000 $1,900,000 Ter C5437210
2022-09 2022-12 $1,900,000 $1,799,000 Exp C5769810
2023-01 2023-06 $1,848,000 $1,848,000 Exp C5882285
2023-09 2023-10 $1,588,000 $1,888,000 Ter C7028202
2023-10 2024-04 $999,999 $1,888,000 Ter C7221424
2024-10 2024-11 $2,000,000 $1,600,000 Pc C9398542
2022-01 $2,050,000 $1,900,000 C5432653

Comparables

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sold Date Address List Price sold Price DOM

Statistics: TRREB Market Watch - JUNE 2023

Municipality activity All Property Types

Sale activity

Toronto C01 :

Average sale price

$937,019

Properties sold

382

New Listings

962

Days on Market

16

Sale $ / List $

103%

Year on Year Growth

-0.62%



Estimated running costs for 243 Lippincott St

Based on available 3rd party data

$6186

Approximate costs per month

Mortgage
$5425 p/m
Energy
from $75 p/m
Water
from $40 p/m
Home insurance
from $20 p/m
Taxes
$625 p/m
Maintenance
$0 p/m

Amenities:

Features:

Listing Broker OUR NEIGHBOURHOOD REALTY INC.
Data Source: TRREB

Payment calculator

$6051 monthly. In association with: TD Bank
%
  • Principal and Interest
    5425 /mo
  • Property Taxes
    $625 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Raymond Chin, Realtor

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