243 Lippincott Street

The Annex, Downtown, Toronto

243 Lippincott Street
243 Lippincott Street
243 Lippincott Street
+38
7+2
 bed
3
 bath
0
 parking
-
 sqft
Duplex
$1,300,000
For Sale
143 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
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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
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Instant estimate:
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$71,663
higher than listed price
i
High
$1,420,580
Mid
$1,371,663
Low
$1,302,645
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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 resides in the Toronto Annex neighbourhood, and nearby areas include Palmerston, Kensington Market, Little Italy and Seaton Village.

Want to dine out? There are plenty of good restaurant choices not too far from 243 Lippincott St, Toronto.Grab your morning coffee at Krispy Kreme Doughnuts located at 215 Harbord St. For groceries there is Harbord Bakery which is only a 3 minute walk.

For those residents of 243 Lippincott St, Toronto without a car, you can get around quite easily. The closest transit stop is a Bus Stop (Harbord St at Brunswick Ave) and is a short walk connecting you to Toronto's public transit service. It also has route Wellesley nearby. If you need to get on the highway often from 243 Lippincott St, Gardiner Expressway and Rees St has both on and off ramps and is within a few minutes drive.