$1,300,000
About this Duplex
This unique and high-performing duplex, generating approx $10,900 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..
Brought to you by your friendly REALTORS® through the MLS® System, courtesy of Brixwork for your convenience.
Disclaimer: This representation is based in whole or in part on data generated by the Brampton Real Estate Board, Durham Region Association of REALTORS®, Mississauga Real Estate Board, The Oakville, Milton and District Real Estate Board and the Toronto Real Estate Board which assumes no responsibility for its accuracy.
Features
- MLS®: C12338321
- Type: Duplex
- Bedrooms: 7
- Bathrooms: 3
- Square Feet: 700 sqft
- Lot Size: 2,388 sqft
- Frontage: 17.08 ft
- Depth: 139.80 ft
- Taxes: $7,508.91 (2025)
- Parking: 0 Parking(s)
- Basement: Finished with Walk-Out
- Style: 2-Storey
