243 Lippincott Street
University, Toronto, M5S 2P4
For Sale
10.08 BTC

➧
➧


















7 + 2
BEDROOMS3
BATHROOMS2
KITCHENS11 + 3
ROOMSC12338321
MLSIDContact Us
Property 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.
Call
Nearby Intersections
Property Features
Accessory Apartment, None
Call
Property Details
Property Type
Duplex
Lot Size
17' x 140'
Taxes
$7,509 (2025)
Basement
Finished with Walk-Out
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Garage Type
None
Call
Listing contracted with Our Neighbourhood Realty Inc.
Call

