243 Lippincott St
University, Downtown Toronto, M5S 2P4
FOR SALE
$2,000,000
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7 + 2
BEDROOMS3
BATHROOMS2
KITCHENS11 + 3
ROOMSC11891386
MLSIDContact Us
Property Description
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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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-10-16 | 2024-12-13 | 58 | $1,600,000 | - | Terminated |
| 2024-10-16 | 2024-12-12 | 57 | $1,600,000 | - | Suspended |
| 2023-10-16 | 2024-04-04 | 171 | $1,888,000 | - | Terminated |
| 2023-09-25 | 2023-10-13 | 18 | $1,888,000 | - | Terminated |
| 2023-01-27 | 2023-06-29 | 49 | $1,848,000 | - | Expired |
| 2022-09-20 | 2022-12-14 | 86 | $1,799,000 | - | Expired |
| 2021-11-19 | 2022-01-04 | 46 | $1,900,000 | - | Terminated |
| 2021-11-08 | 2021-11-19 | 11 | $1,799,000 | - | Terminated |
| 2020-11-11 | 2021-01-11 | 61 | $1,799,000 | - | Terminated |
| 2020-08-28 | 2020-11-11 | 75 | $1,999,000 | - | Terminated |
Nearby Intersections
Bloor & Bathurst (40)
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Property Details
Street
Community
City
Property Type
Duplex, 2-Storey
Lot Size
17' x 140'
Fronting
West
Taxes
$7,509 (2023)
Basement
Fin W/O
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Driveway
None
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Family | Main | 12.80' x 12.80' | Hardwood Floor |
| Br | Main | 12.80' x 12.80' | Hardwood Floor |
| Kitchen | Main | 12.14' x 15.42' | W/O To Patio |
| Prim Bdrm | 2nd | 12.14' x 16.73' | Hardwood Floor |
| 2nd Br | 2nd | 8.86' x 12.14' | Hardwood Floor |
| 3rd Br | 2nd | 8.04' x 12.47' | Hardwood Floor |
| Prim Bdrm | Flat | 9.84' x 12.14' | Laminate, W/O To Patio |
| 2nd Br | Flat | 9.84' x 12.14' | Laminate |
| 3rd Br | Flat | 9.51' x 12.14' | Laminate |
| Kitchen | Flat | 12.14' x 13.12' | Laminate |
| Living | Flat | 12.14' x 13.12' | Laminate |
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Listing contracted with Our Neighbourhood Realty Inc.
Similar Listings
Purpose built duplex 1926, two 3-bedroom suites both with private outdoor space, fireplace, bright & airy interiors, crown moulding, leaded glass, spacious principal rooms. Wood trim foyer, divided basement space for storage and shared laundry. Main floor unit recently painted - vacant, easy to show. 1 day notice for upper unit - tenanted (month to month). Great possibilities to convert to single family home, update or renovate.
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