$1,529,000 - 224 Lippincott Street, Downtown Toronto
Semi-Detached for Sale in Downtown Toronto
New — Listed 5 days ago- MLS Number
- C13237174
- Property Type
- Semi-Detached
- Status
- active
- Days on Site
- 5
- Bedrooms
- 5
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Lot Size
- 1,783 sqft
- Listing Brokerage
- FREEMAN REAL ESTATE LTD.
Welcome to Harbord Village, one of Toronto's most coveted urban enclaves, tucked between the University of Toronto, Kensington Market, Little Italy & Bloor-Annex, where every errand is a stroll & every weekend is an adventure. But here's the thing about this address: it doesn't just sit in one of the city's best neighbourhoods, peacefully nestled on a leafy & quiet street between Bloor & College; it works for you while you're living in it. Whether you're a savvy investor, a growing family craving flexible space, or a buyer looking to offset your mortgage with rental income, this exceptional multi-unit home delivers. The airy & pristine 2-level owner's suite, 2 to 3 bedrooms of generous, livable & highly functional space, sits comfortably above separate, renovated, & spotless income-generating 1-bedroom suites on the main floor & the high-ceiling lower level. House a parent. Support a student. Collect rent. The math is beautiful, as is the flexibility. Offering a completely vacant home on closing. Outside, a welcoming front porch, elegant brass hardware & a beautifully landscaped perennial garden lead to a serene backyard anchored by two magnificent privacy trees, Norway Spruce & White Cedar, & two-car parking accessed off the public lane. That laneway access? It's not just convenient, it opens the door to laneway suite possibilities, adding potential long-term upside to an already compelling investment proposition story. Shingles & eaves ('24). Main unit flooring ('26). Most appliances & all toilets new within the last 2-3 years. Upgraded city water service. Transit everywhere. Harbord, College & Bloor Streets are practically at your doorstep. Steps to U of T, redeveloped Harbord Street & Central Tech's year-round fields, running track & pickleball courts. Enjoy the local artisan coffee shops, acclaimed restaurants, independent boutiques & the buzz of one of Canada's greatest universities, all within minutes. This isn't just a home. It's a smart, long-term strategy
Estimate your monthly payments for this property
Estimated Payment
$6,763.28/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Downtown Toronto / Waterfront
Downtown Toronto / Waterfront is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Downtown Toronto / Waterfront
- •Convenient location in Downtown Toronto / Waterfront
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Downtown Toronto / Waterfront offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
224 Lippincott Street, Downtown Toronto / Waterfront
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Rental income estimator & ROI calculator
Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fair Market Value
At $1019/sqft, this property is priced in line with current Downtown Toronto market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Just Listed - Act Strategically
This property hit the market within the last week. In Downtown Toronto's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
Detached Home Advantages
Detached homes in Downtown Toronto are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Downtown Toronto.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Investment Perspective
Looking at this as an investment: Downtown Toronto properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $6,371 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.