PROPERTY DESCRIPTION
Welcome to 224 Lippincott St., a spotless and beautifully maintained, turn-key triplex nestled on a quiet, tree-lined one-way street in the heart of the South Annex.
Location is a highly desirable “sweet-spot” on Lippincott Street, the mid-point between Bloor and College, offering easy access to downtown Toronto urban life while also providing the peace and privacy of a quiet and secluded residential street.
Just steps from the newly redesigned Harbord Street, with new dedicated bike lanes and updated streetscaping. This location offers easy access to the University of Toronto, Central Tech’s renowned year-round soccer fields, running track, and pickleball courts, top-rated schools, transit and the vibrant cafés, bakeries, and restaurants of Harbord Village, Little Italy, Kensington Market, and Koreatown.
An ideal opportunity for a couple or young family looking to live in one unit while earning mortgage-helping rental income, or for an investor ready to maximize market rents in a high-demand location. With U of T next door, there is no shortage of tenant interest.
Inside, you’ll find three self-contained units:
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The upper suite spans the 2nd and 3rd floors with 2 bedrooms, ensuite laundry, and a private rear tree-top terrace with beautiful sunset views
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The main floor is a bright 1-bedroom, with ensuite laundry, updated appliances, a walk-out to a private deck and lush backyard
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The high, dry basement features a spacious one-bedroom apartment with a large 4-piece bathroom including rain shower, plush broadloom, tall ceilings, ensuite laundry with brand new washer and recent and lightly used dryer, storage space, and a kitchen with fridge, gas stove, dishwasher and microwave
Other noteworthy features:
- Living space is extended outdoors with a comfortable front porch, two decks, and beautiful perennial front garden with tree canopy (added privacy and shade)
- Entire exterior of house professionally painted, elegant brassware on street-facing doors
- A large backyard with 2 gorgeous and healthy privacy-providing trees (Norway Spruce and White Cedar “Tree of Life”)
- New fences on both sides of backyard.
- Shingled roof and eaves are new as of May 2024
- The parking off the laneway adds value via its garage/ laneway suite potential
All units are currently vacant and ready for market rents.
Home Inspection, Laneway Suite and project financial reports available upon request.
Call 647-898-4663 to book a viewing today!
