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  • 243 Lippincott Street, Toronto C01, ON M5S 2P4
Selling

243 Lippincott Street, Toronto C01, ON M5S 2P4

$1,300,000

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  • Oct 07, 2025

    • Toronto C01, University

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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.
Overview
Property ID: C12338321
Type: Duplex
Bedrooms: 9
Bathrooms: 3
Price: $1,300,000
PropertyType: Residential Freehold
TransactionType: For Sale
BuildingAreaUnits: Square Feet
Cooling: Central Air
Heating: Forced Air
ParkingFeatures: None
YearBuilt: Unknown
TaxAnnualAmount: 7508.91
PossessionDetails: TBD
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OUR NEIGHBOURHOOD REALTY INC.
OUR NEIGHBOURHOOD REALTY INC.
OUR NEIGHBOURHOOD REALTY INC.
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