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.
Property Type:
Freehold
Freehold Type:
Duplex
Home Style:
2-Storey
Depth:
139'10"42.611 m
Frontage:
17'1"5.206 m
Exposure:
West
Bedrooms:
7+2
Bathrooms:
3.0
Water supply:
Municipal
Kitchens:
2
Rooms:
11
Rooms Below Grade:
3
Zoning:
R(d1*848)
Heating type:
Forced Air
Heating Fuel:
Gas
Basement:
Fin W/O
Fireplace/Stove:
No
Garage:
None
Garage Spaces:
0
Parking Spaces:
0
Total Parking Spaces:
0
Driveway:
None
Family Room:
Y
Possession Details:
Immediately
Taxes:
$7,508.91 /
2023
Assessment:
$- /
-
Floor
Type
Size
Other
Main
Family
12'9½"3.90 m × 12'9½"3.90 m
Hardwood Floor
Main
Br
12'9½"3.90 m × 12'9½"3.90 m
Hardwood Floor
Main
Kitchen
15'5"4.70 m × 12'2"3.70 m
W/O To Patio
2nd
Prim Bdrm
16'8¾"5.10 m × 12'2"3.70 m
Hardwood Floor
2nd
2nd Br
12'2"3.70 m × 8'10"2.70 m
Hardwood Floor
2nd
3rd Br
12'6"3.80 m × 8'½"2.45 m
Hardwood Floor
Flat
Prim Bdrm
12'2"3.70 m × 9'10"3.00 m
Laminate, W/O To Patio
Flat
2nd Br
12'2"3.70 m × 9'10"3.00 m
Laminate
Flat
3rd Br
12'2"3.70 m × 9'6"2.90 m
Laminate
Flat
Kitchen
13'1½"4.00 m × 12'2"3.70 m
Laminate
Flat
Living
13'1½"4.00 m × 12'2"3.70 m
Laminate
Floor
Ensuite
Pieces
Other
2nd
-
3
Flat
-
3
Bsmt
-
3
University
2 sets Fridges, stoves, Washers/Dryers , dishwasher , 2 sets of furnace and AC. 2 SETS OF HYDRO AND GAS METER.