243 Lippincott Street
University
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)
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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"42.6 m
- Lot Frontage:
- 17'1"5.21 m
- 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"3.90 m × 12'9½"3.90 m
- Hardwood Floor
- Main
- Bedroom
- 12'9½"3.90 m × 12'9½"3.90 m
- Hardwood Floor
- Main
- Kitchen
- 15'5"4.70 m × 12'2"3.71 m
- W/O To Patio
- Second
- Primary Bedroom
- 16'8¾"5.10 m × 12'2"3.71 m
- Hardwood Floor
- Second
- Bedroom 2
- 12'2"3.71 m × 8'10"2.69 m
- Hardwood Floor
- Second
- Bedroom 3
- 12'6"3.81 m × 8'½"2.45 m
- Hardwood Floor
- Flat
- Primary Bedroom
- 12'2"3.71 m × 9'10"3.00 m
- Laminate, W/O To Patio
- Flat
- Bedroom 2
- 12'2"3.71 m × 9'10"3.00 m
- Laminate
- Flat
- Bedroom 3
- 12'2"3.71 m × 9'6"2.90 m
- Laminate
- Flat
- Kitchen
- 13'1½"4.00 m × 12'2"3.71 m
- Laminate
- Flat
- Living Room
- 13'1½"4.00 m × 12'2"3.71 m
- Laminate
- Special Designation:
- Other
- Sewers:
- Sewer
- Air Conditioning:
- Central Air
- Central Vacuum:
- No
- Seller Property Info Statement:
- No
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Listed by OUR NEIGHBOURHOOD REALTY INC.
Data was last updated January 2, 2026 at 04:15 PM (UTC)
- ALEX BEAUREGARD
- 988 BATHURST ST., TORONTO, ON M5R 3G6
- 1 (647) 898-4663
- Alex@AlexBeauregard.com
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