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New5 hours ago

212 Lippincott Street

University, Toronto

$1,599,000

Semi-Detached |2 1/2 Storey
13 | 6 | 4
About this home

Harbord Village A rare income-generating opportunity in one of Toronto's most sought-after neighbourhoods. This substantial semi-detached property sits on a deep 20 x 125 ft lot with rear laneway access and the bones of a multi-stream investment portfolio. With over 12 plus bedrooms and 5 bathrooms, the income potential here is exceptional. Whether you're running multi-unit rentals, a rooming house, or a hybrid short-term/long-term strategy, the scale of this property does the heavy lifting. The real upside? Laneway dwelling potential. The rear lot access and lot depth make this a strong candidate for a laneway suite adding a fully independent unit to an already cash-flow-positive asset. In Toronto's current rental market, a purpose-built laneway home commands premium rents and significantly boosts long-term equity. Located steps from the University of Toronto, transit, and the restaurants and amenities of Harbord Village and the Annex this is the kind of address that keeps vacancy rates low. The numbers work. The location works. The upside is built in.

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nest zoom realty
(416) 276-9973
TypeSemi-Detached
Style2 1/2 Storey
Approx. Age100+
Size1500-2000 sq. ft.
Property Tax$7,571
Lot Size20 ft x 125 ft
mls© NumberC13885852
Listed ByROYAL LEPAGE SIGNATURE REALTY

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$8,184
Property tax
$631
Heat allowance
$150
Housing costs
$8,965 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $319,800
25-yr amortization

Income needed

$276,000

gross annual household income

Payment at 4%
$6,729 / mo
Cash down
$319,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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