243 Lippincott Street, Toronto | Image 1

243 Lippincott Street

Toronto, University

  • 7 bed 3 bath
$2,000,000 est.*: $6,775/mo
For Sale

Added 4 days ago

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  • Type: Duplex

  • Style: 2-Storey

  • Lot Size: 17.08 x 139.8 Feet

  • Age: No Data

  • Taxes: $7,509 per year

  • Added: Dec 12, 2024 (4 days ago)

  • Updated:

  • Last Checked: 2 hours ago

  • MLS®#: C11891386

  • Listed By: Our neighbourhood realty inc.

This unique and high-performing duplex, generating $9,600 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.

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Property

  • Status: Sale

  • Property Type: Duplex

  • Style: 2-Storey

  • Area: Toronto

  • Community: University

  • Availability Date: Immediately

Inside

  • Bedrooms: 7

  • Bedrooms Plus: 2

  • Bathrooms: 3

  • Kitchens: 2

  • Rooms: 11

  • Den/Family Room: Yes

  • Air Conditioning: Central Air

  • Fireplace: No

  • Washrooms: 3

Building

  • Basement: Fin W/O

  • Heat Type: Forced Air

  • Heat Source: Gas

  • Exterior: Vinyl Siding

  • Elevator: N

  • Water Supply: Municipal

  • Special Designation: Other

Parking

  • Driveway: None

  • Garage Type: None

Fees

  • Tax Year: 2023

  • Tax Legal Description: PT LT 56 PL 112 TORONTO AS IN CT934129; CITY OF TORONTO

  • Taxes: $7,509

Land

  • Cross Street: Lippincott St. / Har

  • Municipality District: Toronto C01

  • Fronting On: West

  • Parcel Number: 212330292

  • Pool: None

  • Sewer: Sewers

  • Lot Depth: 139.8 Feet

  • Lot Frontage: 17.08 Feet

  • Zoning: R(d1*848)

Rooms

Room details for 243 Lippincott Street, Toronto

Type Dimensions
Family Main 3.90 x 3.90
Br Main 3.90 x 3.90
Kitchen Main 3.70 x 4.70
Prim Bdrm 2nd 3.70 x 5.10
2nd Br 2nd 2.70 x 3.70
3rd Br 2nd 2.45 x 3.80
Prim Bdrm Flat 3.00 x 3.70
2nd Br Flat 3.00 x 3.70
3rd Br Flat 2.90 x 3.70
Kitchen Flat 3.70 x 4.00
Living Flat 3.70 x 4.00
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Somewhat Walkable

  • Some errands can be accomplished on foot.
67 /100

Rider's Paradise

  • Daily errands do not require a car.
99 /100

Biker's Paradise

  • Daily errands do not require a car.
100 /100
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Map of 243 Lippincott Street, Toronto
JK-6

da Vinci School

Elementary: Public
0.52 km
JK-6

Kensington Community School School Junior

Elementary: Public
0.60 km
JK-8

St Francis of Assisi Catholic School

Elementary: Catholic
0.78 km
JK-8

Lord Lansdowne Junior and Senior Public School

Elementary: Public
0.57 km
JK-6

Clinton Street Junior Public School

Elementary: Public
0.64 km
JK-8

King Edward Junior and Senior Public School

Elementary: Public
0.37 km
9-12

Msgr Fraser Orientation Centre

Secondary: Catholic
0.74 km
9-12

West End Alternative School

Secondary: Public
0.94 km
9-12

Msgr Fraser College (Alternate Study) Secondary School

Secondary: Catholic
0.80 km
9-12

Loretto College School

Secondary: Catholic
0.44 km
9-12

Harbord Collegiate Institute

Secondary: Public
0.50 km
9-12

Central Technical School

Secondary: Public
0.16 km

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