239 Lippincott Street, Toronto, ON
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Property Highlights
Welcome to this remarkable 2-Storey att/row/townhouse located in the coveted neighborhood of University. Expertly crafted featuring premium brick front construction, this residence presents an exceptional opportunity offered at $1,239,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 3 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Premium 16.89 x 139.72 ft lot size
- Features a unfinished, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available with a convenient carport configuration
- Notable attributes: None
- Efficient forced air heating via oil
Description
Calling all builders and renovators! Opportunity Knocks! Rarely does a house come up that has so much potential. Classic Victorian with beautiful ornate brickwork and original features throughout. Originally a 3 bedroom home with high ceilings, awaiting to be restored back to its former glory. Boasting an incredible 139 foot deep lot. Backing onto the famous Croft street, which possesses the municipal amenities necessary for a stand alone home. Potential opportunity to sever. The options are endless. Laneway report by Marty at Laneway Housing Advisors confirms that 239 Lippicott qualifies for a laneway house. Approx 1,115sf above grade and keep the parking in the rear due to the large lot depth. A++ location in the heart of Harbord Village. Walk to the best bakeries and restaurants the city has to offer, UofT, Kensington Market, Little Italy for amazing local shopping and eats. Second floor kitchen can easily be converted back to a third bedroom.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 239 Lippincott Street, Toronto C01, ON M5S 2P4
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $1,239,000 in Toronto, the legal minimum down payment is $247,800 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $21,255 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $21,255 also applies, bringing the total estimated land transfer taxes to $42,510.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
