243 Lippincott Street

243 Lippincott Street
243 Lippincott Street
243 Lippincott Street
+38
7+2
 bed
3
 bath
0
 parking
-
 sqft
Duplex
$1,300,000
For Sale
5 days
 on site
$1,300,000
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Size
-
Lot size
2387 sqft
Street frontage
-
Possession
Other
Price per sqft
-
Taxes
$7,508.91 (2025)
Parking Type
-
Style
2-Storey
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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.
Broker: OUR NEIGHBOURHOOD REALTY INC.
MLS®#: C12338321
Property details
Parking:
No
Parking type:
-
Property type:
Duplex
Heating type:
Forced Air
Style:
2-Storey
MLS Size:
0-700 sqft
Lot front:
17 Ft
Lot depth:
139 Ft
Listed on:
Aug 11, 2025
Show all details
Rooms
LevelNameSizeFeatures
Main
Bedroom
12.8 x 12.8 ft
Main
Family Room
12.8 x 12.8 ft
Flat
Bedroom 2
12.1 x 9.8 ft
Show all
Instant estimate:
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$143,107
higher than listed price
i
High
$1,494,572
Mid
$1,443,107
Low
$1,370,495
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About 243 Lippincott Street

243 Lippincott Street is a Toronto duplex for sale. It was listed at $1300000 in August 2025 and has 7+2 beds and 3 bathrooms. 243 Lippincott Street, Toronto is situated in Annex, with nearby neighbourhoods in Palmerston, Kensington Market, Little Italy and Seaton Village.

Some good places to grab a bite are Pizza Nova, Think It or Emmer. Venture a little further for a meal at one of Annex neighbourhood's restaurants. If you love coffee, you're not too far from Krispy Kreme Doughnuts located at 215 Harbord St. For grabbing your groceries, Archer Dentist is not far.

If you are looking for transit, don't fear, 243 Lippincott St, Toronto has a public transit Bus Stop (Harbord St at Brunswick Ave) a short distance away. It also has route Wellesley close by. If you're driving from 243 Lippincott St, you'll have decent access to the rest of the city by way of Gardiner Expressway as well, which is within a few minutes drive getting on and off at Rees St.