243 Lippincott Street

Toronto, ON M5S 2P4 ( University)

Quick Facts

Type: Duplex

Style: 2-Storey

Size: Sq Ft

Age: Years

Taxes: $ 7,509 ( 2025)

Updated: 2025-12-09 04:13:04

Description

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.

Extras

Duplex

Property

Status: For Sale

MLS #: C12338321

Price: $ 1,300,000

Address: 243 Lippincott Street

Type:

Style: 2-Storey

Size: Sq Ft

Age: Years

Front On:

Taxes: $ 7,509

Tax Year: 2025

Lot Size:

Neighbourhood: University

Nearest Intersection: Lippincott St. / Harbord St.

City: Toronto

Postal Code: M5S 2P4

DOM: 104 Days

Last Update: 2025-12-09 04:13:04

Building

Interior

Bedrooms: 9

Bathrooms: 3

Rooms: 0

Kitchens: 2

Family Room:

Fireplace:

Basement: Finished with Walk-Out,

Central Vacuum:

Exterior

Exterior: Vinyl Siding,

Driveway:

Garage: None

Garage Spaces:

Parking Spaces: 0.00

Pool:

Utilities

Electricity (Hydro):

Gas:

Phone:

Cable TV:

Heat Type: Forced Air

Heat Source: Gas

Air Conditioning: Central Air

Water:

Sewers:

Features

Rooms