243 Lippincott Street

For Sale
10.08 BTC
243 Lippincott Street, Toronto
243 Lippincott Street
243 Lippincott Street
243 Lippincott Street
243 Lippincott Street
243 Lippincott Street
243 Lippincott Street
243 Lippincott Street
243 Lippincott Street
243 Lippincott Street
243 Lippincott Street
243 Lippincott Street
243 Lippincott Street
243 Lippincott Street
243 Lippincott Street
243 Lippincott Street
243 Lippincott Street
243 Lippincott Street
243 Lippincott Street
7 + 2
BEDROOMS
3
BATHROOMS
2
KITCHENS
11 + 3
ROOMS
C12338321
MLSID
Contact 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.
Nearby Intersections
Property Features
Accessory Apartment, None
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
Listing contracted with Our Neighbourhood Realty Inc.
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