243 Lippincott Street
University
Toronto
M5S 2P4
$2,000,000
Residential Freehold
beds: 7+2
baths: 3.0
- Status:
- Active
- Prop. Type:
- Residential Freehold
- MLS® Num:
- C12134404
- Bedrooms:
- 7+2
- Bathrooms:
- 3
- Photos (39)
- 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
- Depth:
- 139'10"42.6 m
- 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
- Ensuite Laundry:
- No
- 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:
- Flexible
- Pool:
- None
- HST Applicable To Sale Price:
- In Addition To, Included In
- Taxes:
- $7,508.91 / 2024
- Assessment:
- $- / -
- Toronto C01
- University
- Toronto
- 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
- Date Listed:
- May 08, 2025
-
Photo 1 of 39
-
Photo 2 of 39
-
Photo 3 of 39
-
Photo 4 of 39
-
Photo 5 of 39
-
Photo 6 of 39
-
Photo 7 of 39
-
Photo 8 of 39
-
Photo 9 of 39
-
Photo 10 of 39
-
Photo 11 of 39
-
Photo 12 of 39
-
Photo 13 of 39
-
Photo 14 of 39
-
Photo 15 of 39
-
Photo 16 of 39
-
Photo 17 of 39
-
Photo 18 of 39
-
Photo 19 of 39
-
Photo 20 of 39
-
Photo 21 of 39
-
Photo 22 of 39
-
Photo 23 of 39
-
Photo 24 of 39
-
Photo 25 of 39
-
Photo 26 of 39
-
Photo 27 of 39
-
Photo 28 of 39
-
Photo 29 of 39
-
Photo 30 of 39
-
Photo 31 of 39
-
Photo 32 of 39
-
Photo 33 of 39
-
Photo 34 of 39
-
Photo 35 of 39
-
Photo 36 of 39
-
Photo 37 of 39
-
Photo 38 of 39
-
Photo 39 of 39
Larger map options:
Listed by OUR NEIGHBOURHOOD REALTY INC.
Data was last updated May 10, 2025 at 04:15 AM (UTC)
- Red Square Team
- Royal LePage Real Estate Services Ltd., Brokerage
- 647-490-0500
- team@redsquareteam.com
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.
powered by myRealPage.com