243 Lippincott St
University, Downtown Toronto, M5S 2P4
FOR SALE
$2,000,000
➧
➧
Browsing Limit Reached
Please Register for Unlimited Access
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.
Call
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 (35)
Call
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
Call
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 |
Call
Downtown Toronto Market Statistics
Downtown Toronto Price Trend
243 Lippincott St is a 7-bedroom 3-bathroom home listed for sale at $2,000,000, which is $583,333 (22.6%) lower than the average sold price of $2,583,333 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 7 bedroom home in Downtown Toronto increased by $633,333 (32.5%) compared to the previous 30 day period (December 22 - January 20) and down $1,288,083 (33.3%) from the same time one year ago.Inventory Change
There were 11 7-bedroom homes listed in Downtown Toronto over the last 30 days (January 21 - February 19), which is up 175.0% compared with the previous 30 day period (December 22 - January 20) and up 22.2% compared with the same period last year.Sold Price Above/Below Asking ($)
7-bedroom homes in Downtown Toronto typically sold ($115,000) (4.5%) below asking price over the last 30 days (January 21 - February 19), which represents a $123,888 increase compared to the previous 30 day period (December 22 - January 20) and ($226,583) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 7-bedroom homes in Downtown Toronto over the last 30 days (January 21 - February 19) stood at 27.3%, up from 25.0% over the previous 30 days (December 22 - January 20) and down from 33.3% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 7-bedroom 3-bathroom home in Downtown Toronto stood at 43 days when successfully sold over the last 30 days (January 21 - February 19), compared to 74 days before being removed from the market upon being suspended or terminated.Listing contracted with Our Neighbourhood Realty Inc.
Call