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$2,000,000
Available - For Sale
Listing ID: C11891386
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.
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $100,000 $200,000 $300,000 $400,000
First Mortgage $1,900,000 $1,800,000 $1,700,000 $1,600,000
CMHC/GE $52,250 $36,000 $29,750 $0
Total Financing $1,952,250 $1,836,000 $1,729,750 $1,600,000
Monthly P&I $8,361.34 $7,863.45 $7,408.39 $6,852.68
Expenses $0 $0 $0 $0
Total Payment $8,361.34 $7,863.45 $7,408.39 $6,852.68
Income Required $313,550.08 $294,879.21 $277,814.44 $256,975.35

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
OUR NEIGHBOURHOOD REALTY INC.

243 Lippincott St , Toronto, M5S 2P4, Ontario

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MD Ashraful Bari
Broker
Dir:
647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
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At a Glance:
Type: Freehold - Duplex
Area: Toronto
Municipality: Toronto
Neighbourhood: University
Style: 2-Storey
Lot Size: 17.08 x 139.80(Feet)
Approximate Age:
Tax: $7,508.91
Maintenance Fee: $0
Beds: 7+2
Baths: 3
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
BROKER

Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

  Email Us

HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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