243 Lippincott St
University, Toronto
$1,300,000
Buy with Dwelly and Save $13,000
Home Details
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Listing 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.
City: Toronto
Neighborhood: University
Property History
| Listing Date | DOM | List Price | Sold Price | Event | MLS ID |
|---|---|---|---|---|---|
| May 8, 2025 | 95 | $2,000,000 | N/A | Terminated | C12134404 |
| Dec 12, 2024 | 124 | $2,000,000 | N/A | Expired | C11891386 |
| Oct 16, 2024 | 58 | $1,600,000 | N/A | Terminated | C9398542 |
| Oct 16, 2023 | 171 | $1,888,000 | N/A | Terminated | C7221424 |
| Sep 25, 2023 | 18 | $1,888,000 | N/A | Terminated | C7028202 |
| Jan 26, 2023 | 154 | $1,848,000 | N/A | Expired | C5882285 |
| Sep 19, 2022 | 86 | $1,799,000 | N/A | Expired | C5769810 |
| Nov 19, 2021 | 46 | $1,900,000 | N/A | Terminated | C5437210 |
| Nov 15, 2021 | N/A | $1,900,000 | N/A | Sold | C5432653 |
| Nov 8, 2021 | 11 | $1,799,000 | N/A | Terminated | C5426071 |
| Nov 11, 2020 | 61 | $1,799,000 | N/A | Terminated | C4986070 |
| Aug 28, 2020 | 75 | $1,999,000 | N/A | Terminated | C4889934 |
| Dec 15, 2008 | 64 | $799,000 | N/A | Suspended | C1528213 |
| Nov 17, 2008 | 25 | $699,000 | N/A | Terminated | C1514127 |
| Jan 17, 2004 | 105 | $395,000 | $355,000 | Sold | C385272 |
Rooms
Room dimensions for 243 Lippincott St, Toronto
Market Trends and Insights
Mortgage Calculator
Your estimated monthly payment for 243 Lippincott St is 7034
Price
$Rate
%Ammortization
Down Payment
$Total Mortgage
| Purchase Price | $1300000 |
| Down Payment | $260000 |
| Mortgage Insurance | $0 |
| Total Mortgage | $1040000 |
Monthly Payment
| Mortgage Payment | $6409 |
| Property Taxes | $626 |
| Maintenance Fees | $0 |
| Monthly Payment | $7034 |
About 243 Lippincott St, Toronto
Located at 243 Lippincott St , this Toronto house is available for sale. This property was listed for $1,300,000 on Mon Aug 11 2025. This house's size is < 700 Sqft. It has 7 bedrooms and 3 bathrooms. The property includes the following rooms: Family, Br, Kitchen, Primary, 2nd Br, 3rd Br, Primary, 2nd Br, 3rd Br, Kitchen, Living. 243 Lippincott St, Toronto is situated in the University neighbourhood.
MLS#: C12338321 · $1,300,000 · 7 bedroom house in University, Toronto