Home with brick exterior material, street for 243 Lippincott St, Toronto Ontario M5S 2P4
Re-listed 49 days ago

243 Lippincott St, Toronto, Ontario M5S 2P4

Townhouse
7 + 2
3
~< 700 sqft
$2,000,000
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Townhouse
7 + 2
3
~< 700 sqft

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Highlights

Property Estimate

Days on market49 days

Total days on market
196 days

Estimated valueNot available

Price/Sqft$1,429/sqft

Monthly cost

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CMA Subject Property

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+2

Properties sold*

$2.7M

Median sold price*

*Based on last 30 days

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.


Property Details

Style2-Storey
View-
Age of property-
SqFt~< 700 SqFt
Lot Size2,387 SqFt(139.8 x 17.08)
Parking Spaces-
MLS ®NumberC12134404
Community NameHarbord Village
Data SourceTRREB
Listing byOUR NEIGHBOURHOOD REALTY INC.

Features

Heating: Forced Air
Cooling: Central Air
Basement: Fin W/O

Flat Floor

2nd Br

3.7 x 3.0

Laminate

3rd Br

3.7 x 2.9

Laminate

Primary

3.7 x 3.0

Laminate / W/O To Patio

Kitchen

4.0 x 3.7

Laminate


Features

Lot size: 2,387 SqFt

Market Data - Harbord Village

Geo Zone Map ThumbnailHarbord Village

Seller's Market

View Market Data

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

6 days

Compared to

2024

33 days

2023

15 days

2022

8 days

New Listings

Past 30 days

8 listings

Compared to

2024

5 listings

2023

3 listings

2022

0 listing

Units sold

Past 30 days

3 units

Compared to

2024

2 units

2023

1 unit

2022

1 unit

Median Sold Price

Past 30 days

$1,502,000

Compared to

2024

$2,712,500

2023

$1,480,000

2022

$2,450,000


Population and Demographics

Overview

Total population 8821
Average household income $178,427

Age (%)

0 to 19
11%
20 to 34
35%
35 to 49
20%
50 to 64
16%
65 and plus
18%

Household composition (%)

Single person
44%
Single family
41%
Multi person
15%
Multi family
0%

Mother tongue (%)

English
71%
Yue (Cantonese)
5%
Mandarin
5%
Portuguese
5%
Italian
3%
Spanish
3%
French
2%
Others
2%
Korean
1%

House tenancy (%)

Renters
60%
Owners
40%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget