243 Lippincott Street
Toronto
M5S 2P4
$1,300,000
Residential Freehold
beds: 7+2
baths: 3.0
- Status:
- Active
- Prop. Type:
- Residential Freehold
- MLS® Num:
- C12338321
- Bedrooms:
- 7+2
- Bathrooms:
- 3
- Photos (41)
- Schedule / Email
- Send listing
- Mortgage calculator
- Print listing
Schedule a viewing:
Cancel any time.
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.
- Property Type:
- Residential Freehold
- Property Sub Type:
- Duplex
- Home Style:
- 2-Storey
- Total Approx Floor Area:
- < 700
- Lot Depth:
- 139'10"
- Lot Frontage:
- 17'1"
- Direction Faces:
- West
- Bedrooms:
- 7+2
- Bathrooms:
- 3.0
- Water supply:
- Municipal
- Kitchens:
- 2
- Bedrooms Above Grade:
- 7
- Bedrooms Below Grade:
- 2
- Kitchens Above Grade:
- 2
- Rooms Above Grade:
- 11
- Rooms Below Grade:
- 3
- Zoning:
- R(d1*848)
- Heating type:
- Forced Air
- Heating Fuel:
- Gas
- Foundation:
- Unknown
- Roof:
- Unknown
- Basement:
- Finished with Walk-Out
- Fireplace/Stove:
- No
- Garage:
- None
- Garage Spaces:
- 0.0
- Parking Features:
- None
- Parking Spaces:
- 0
- Total Parking Spaces:
- 0.0
- Family Room:
- Yes
- Possession Details:
- TBD
- Pool:
- None
- HST Applicable To Sale Price:
- In Addition To, Included In
- Taxes:
- $7,508.91 / 2025
- Assessment:
- $- / -
- Toronto
- Toronto C01
- University
- Accessory Apartment
- Vinyl Siding
- No
- Floor
- Type
- Size
- Other
- Main
- Family Room
- 12'9½" × 12'9½"
- Hardwood Floor
- Main
- Bedroom
- 12'9½" × 12'9½"
- Hardwood Floor
- Main
- Kitchen
- 15'5" × 12'2"
- W/O To Patio
- Second
- Primary Bedroom
- 16'8¾" × 12'2"
- Hardwood Floor
- Second
- Bedroom 2
- 12'2" × 8'10"
- Hardwood Floor
- Second
- Bedroom 3
- 12'6" × 8'½"
- Hardwood Floor
- Flat
- Primary Bedroom
- 12'2" × 9'10"
- Laminate, W/O To Patio
- Flat
- Bedroom 2
- 12'2" × 9'10"
- Laminate
- Flat
- Bedroom 3
- 12'2" × 9'6"
- Laminate
- Flat
- Kitchen
- 13'1½" × 12'2"
- Laminate
- Flat
- Living Room
- 13'1½" × 12'2"
- Laminate
- Special Designation:
- Other
- Sewers:
- Sewer
- Air Conditioning:
- Central Air
- Central Vacuum:
- No
- Seller Property Info Statement:
- No
-
Photo 1 of 41 -
Photo 2 of 41
-
Photo 3 of 41
-
Photo 4 of 41
-
Photo 5 of 41
-
Photo 6 of 41
-
Photo 7 of 41
-
Photo 8 of 41
-
Photo 9 of 41
-
Photo 10 of 41
-
Photo 11 of 41
-
Photo 12 of 41
-
Photo 13 of 41
-
Photo 14 of 41
-
Photo 15 of 41
-
Photo 16 of 41
-
Photo 17 of 41
-
Photo 18 of 41
-
Photo 19 of 41
-
Photo 20 of 41
-
Photo 21 of 41
-
Photo 22 of 41
-
Photo 23 of 41
-
Photo 24 of 41
-
Photo 25 of 41
-
Photo 26 of 41
-
Photo 27 of 41
-
Photo 28 of 41
-
Photo 29 of 41
-
Photo 30 of 41
-
Photo 31 of 41
-
Photo 32 of 41
-
Photo 33 of 41
-
Photo 34 of 41
-
Photo 35 of 41
-
Photo 36 of 41
-
Photo 37 of 41
-
Photo 38 of 41
-
Photo 39 of 41
-
Photo 40 of 41
-
Photo 41 of 41
Listed by OUR NEIGHBOURHOOD REALTY INC.
Data was last updated December 31, 2025 at 05:15 PM (UTC)
- JARROD ARMSTRONG
- RIGHT AT HOME
- 1 (416) 457-1722
- Contact by Email
.svg)
Toronto's Top Real Estate Agents
130 Queen's Quay East, Unit 506, West Tower
Toronto , ON, M5A 0P6