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
50 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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$138,055
higher than listed price
i
High
$1,489,340
Mid
$1,438,055
Low
$1,365,697
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About 243 Lippincott Street

Located at 243 Lippincott Street, this Toronto duplex is available for sale. It has been listed at $1300000 since August 2025. This duplex has 7+2 beds, 3 bathrooms and is (over) 700 sqft. 243 Lippincott Street, Toronto is situated in Annex, with nearby neighbourhoods in Palmerston, Kensington Market, Little Italy and Seaton Village.

There are a lot of great restaurants around 243 Lippincott St, Toronto. If you can't start your day without caffeine fear not, your nearby choices include Krispy Kreme Doughnuts. For groceries there is Harbord Bakery which is a 3-minute walk.

Transit riders take note, 243 Lippincott St, Toronto is nearby to the closest public transit Bus Stop (Harbord St at Brunswick Ave) with route Wellesley. For drivers, the closest highway is Gardiner Expressway and is within a few minutes drive from 243 Lippincott St, making it easier to get into and out of the city using on and off ramps on Rees St.