$2,000,000Asking Price
243 Lippincott Street, Toronto, ON M5S 2P4
South Annex, Toronto
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.
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.
See MoreKey Info
- 2-Storey Duplex
- No Parking
- No Garage
- Lippincott St. / Harbord St.
- Less than 700 Square Feet
- No Ensuite Laundry
- Forced Air Gas Heating
- Central Air
Property
- Excludes: Heat, Hydro, Water, Cable TV, Central A/C, Common Elements, Building Insurance, Parking
- Taxes were $7,508 in 2024
- Possession: Flexible
Details
- Vinyl Siding Exterior
- No Fireplace
- 2 Kitchens
- Designation: Other
- MLS #C12134404
- OUR NEIGHBOURHOOD REALTY INC.
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Kitchen | Main | 15.42' x 12.14' | Walkout To Patio |
| 2 | Kitchen | Flat | 13.12' x 12.14' | Laminate |
 | 1 3-Piece Bathroom | |||
| 1 3-Piece Bathroom in Flat | |||
| 1 3-Piece Bathroom | |||
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Who lives here?
South Annex, Toronto is a central Toronto neighbourhood notable for its singles, renters, university grads, executives and science, education, law & public sector and arts & culture professionals. Residents tend to be younger with a significant number of youth aged 20 to 24 and adults aged 25 to 39.
Families
Kids Per Family
0.7
kids per family
in the neighbourhood.
Gta ({{ '1.29999995231628' | number: 1 }})
Singles
59%
of residents are
single and loving it.
59% singles
Toronto (50%)Gta ({{ '44.8800010681152' | number: 0 }}%)
Renters
59%
of residents
are renters.
59% renters
Toronto (47%)Gta ({{ '33.0200004577637' | number: 0 }}%)
Education
69%
of residents are
university grads.
69% university grads
Toronto (48%)Gta ({{ '43.6699981689453' | number: 0 }}%)
Income
Average Household Income
$141K
is the average household
income in the neighbourhood.
Gta ({{ '135056.828125' | minifiedCurrency }})
Professions
Professions
| Government | 16% |
| Sales | 14% |
| Business | 11% |
| Culture | 10% |
| Management | 9% |
Immigrants
28%
of residents were
born outside of Canada.
28% immigrants
Toronto (48%)Gta ({{ '45.4300003051758' | number: 0 }}%)
Birthplace - All
4.4% from China
All-time
Birthplace - Recent
0.8% from China
Recent
Foreign Languages
Foreign Languages
| Portuguese | 5% |
| Cantonese | 4% |
| Italian | 3% |
| Mandarin | 3% |
| French | 2% |
Religions
Religions
| Christian | 40% |
| Jewish | 7% |
| Buddhist | 2% |
| Muslim | 1% |
| Hindu | 1% |
Social Housing
Social Housing Buildings
1
Social housing buildings
in the neighbourhood.
Shelters
Shelters
4
Homeless shelters in
the neighbourhood.
