243 Lippincott Street, Downtown Toronto / Waterfront, ON M5S 2P4
$1,300,000
activeNEW
About This Property
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.
Property Details
Multi-Family
Active
C12338321
9
3
700
January 28, 2026
Features & Amenities
Location
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243 Lippincott Street, Downtown Toronto / Waterfront, ON M5S 2P4
243 Lippincott Street, Downtown Toronto / Waterfront, ON M5S 2P4
Listing Information
Listing Information
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Re/Max Crossroads Realty Inc., Brokerage — 533 Danforth Rd, Scarborough ON M1K 1C9