243 Lippincott Street, Toronto, ON

University, Toronto · MLS® C13696566

$1,825,000
For Sale
Listed 60 days agoNo offer date statedSitting longer than typical
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7+1Bedrooms
3Bathrooms
0Parking
2500-3000Sq ft

About this home

In short

  • Beautiful Annex Victorian Home 2.
  • Story W/A Laneway Home W/3 Bedroom At The Back Of The Property, (W Separate Utilities) Soaring Ceilings, Large Entertainers Kitchen Walk To Private Backyard...

Beautiful Annex Victorian Home 2. Story W/A Laneway Home W/3 Bedroom At The Back Of The Property, (W Separate Utilities) Soaring Ceilings, Large Entertainers Kitchen Walk To Private Backyard, Investment Property , Both Homes Are Tenanted. Walking Distance To The U Of T, Kensington Market , To Shops, Schools, Parks And Ttc And Bloor Annex Neighbourhood,

Key facts

Property type
Other, 2-Storey
MLS®
C13696566
Bedrooms
7+1 (8 total)
Bathrooms
3
Size
2500-3000 sq ft
Lot
17.08 × 139.8 ft
Cross streets
Bathurst St & Lippincott
Parking
0 parking
Driveway
None
Basement
Partially Finished
Heating
Forced Air
A/C
Central Air
Exterior
Vinyl Siding
Foundation
Concrete Block
Roof
Shingles
Sewer
Septic
Property tax
$7,509 / 2025
Days on market
60
Listing brokerage
RE/MAX ALL-STARS REALTY INC.

Rooms

BedroomGround2.40 × 3.20 m

laminate · window

BedroomGround3.50 × 3.90 m

laminate · window

BedroomGround2.70 × 3.80 m

laminate · window

BedroomSecond2.80 × 3.60 m

laminate · window

BedroomSecond3.40 × 2.30 m

laminate · window

BedroomGround3.70 × 3.00 m

laminate · window

Living RoomGround3.70 × 4.00 m

laminate · window

Dining RoomGround2.40 × 2.00 m

laminate · window

RecreationBasement4.70 × 7.50 m

tile floor · open concept

KitchenGround3.40 × 4.60 m

laminate · w/o to garden

Primary BedroomSecond4.70 × 3.60 m

laminate · window

Our TakeTeam Asgarian · Broker
No automatic estimate

No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.

Considering this property? Request a written price read

Its public catchment (King Edward Junior and Senior Public School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.

Neighbourhood & location

University, Toronto, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Dovercourt-Wallace Emerson-Junction
$917K
Waterfront Communities C1
$559K
Niagara
$789K
Church-Yonge Corridor
$539K
Waterfront Communities C8
$569K

Typical asking price of active listings of the same type, per area (outliers removed). Toronto.

Get the full neighbourhood report (schools, parks, transit & safety) →

Schools & catchmentAssigned attendance-boundary schools, with EQAO results

The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).

School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.

Street view near King Edward Junior and Senior Public School
83%
King Edward Junior and Senior Public SchoolPublic · Elementary · 0.4 km awayHigher-rated than most nearby · 83% meet the provincial standard
St. BrunoEQAO results not published
Also nearby: 12 more schools within 2.5 km
Central Technical School · Public secondary0.2 km · 54% at standard
Loretto College School · Catholic secondary0.4 km · 62% at standard
Harbord Collegiate Institute · Public secondary0.5 km · 85% at standard
da Vinci School · Public elementary0.5 km · 67% at standard
Lord Lansdowne Junior Public School · Public elementary0.6 km · 85% at standard
Kensington Community School School Junior · Public elementary0.6 km · 97% at standard
Clinton Street Junior Public School · Public elementary0.6 km · 90% at standard
Msgr Fraser Orientation Centre · Catholic secondary0.7 km
St Francis of Assisi Catholic School · Catholic elementary0.8 km · 80% at standard
Delta Senior Alternative School · Public elementary0.9 km
Montrose Junior Public School · Public elementary0.9 km · 95% at standard
West End Alternative School · Public secondary0.9 km

Not the assigned catchment: schools a family here could reach, with EQAO results where published.

Affordability & Mortgage

Affordability
$8,318/mo
$339KIncome needed
5.4×Price ÷ income
$1,919Weekly cost
$65,950Land transfer tax, one-time (Ontario + Toronto)
20% down4.79%25-yr amortization

Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.

93%mortgage
Mortgage $8,318Property tax $626Total carry $8,943

Calculate and customize your mortgage and other expenses

Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.

Your numbers

$
20.0%
$
%

Homes over $1.5M can't be insured, so 20% down or more is required.

4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$8,073per month

Mortgage amount $1,460,000 · 4.49% over 25 years

$365,000Down payment (20.0%)
$1,460,000Loan before insurance
$0CMHC premium
$8,698Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$8,073
Property tax
$626
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$8,698

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$32,975
Toronto municipal land transfer tax
$32,975
Estimated closing costs
$65,950

Plus your down payment of $365,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$9,771/monthPayment at the qualifying rate

Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.

Over the full 25 years

$961,777Total interest paid
$2,421,777Total of all payments
Principal $1,460,000 Interest $961,777
YearPrincipalInterestBalance
1$32,581$64,290$1,427,419
2$34,060$62,811$1,393,359
3$35,607$61,264$1,357,752
4$37,223$59,648$1,320,529
5$38,914$57,958$1,281,615
6$40,680$56,191$1,240,935
7$42,527$54,344$1,198,407
8$44,458$52,413$1,153,949
9$46,477$50,394$1,107,472
10$48,587$48,284$1,058,885
11$50,793$46,078$1,008,091
12$53,099$43,772$954,992
13$55,510$41,361$899,482
14$58,031$38,840$841,451
15$60,666$36,205$780,785
16$63,420$33,451$717,365
17$66,300$30,572$651,066
18$69,310$27,561$581,756
19$72,457$24,414$509,299
20$75,747$21,124$433,552
21$79,186$17,685$354,367
22$82,781$14,090$271,585
23$86,540$10,331$185,046
24$90,469$6,402$94,577
25$94,577$2,294$0

At the end of your 5-year term

Total paid over the term
$484,355
Principal paid down
$178,385
Interest paid
$305,970
Balance remaining
$1,281,615

Talk to Team Asgarian about your options

Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.

Let's connect

Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.

Investor snapshot

Rental yield
Estimate$5,250/mo
$63,000Gross annual rent
2.6%Cap rate after taxes and upkeep

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

Estimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.

3.5%
Gross yield
− Property tax $7,509− Insurance $1,400− Vacancy & upkeep $6,930Net operating income $47,161

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX ALL-STARS REALTY INC.. MLS®/PropTx.

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