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House of the week: 237 Lippincott Street

Posted by Staff / July 29, 2014

237 lippincott street torontoLocated steps away from U of T, this home located at 237 Lippincott St. is move in-ready. The interior has been renovated to have modern conveniences without clashing with the red brick Victorian appeal of the exterior. The main living area feels spacious with large windows and wood floors. Though not large, the renovation has made the most of the kitchen with granite countertops and updated cabinets. Plenty of room to accommodate any aspiring chef.

Though the lot is narrow, the house includes a fairly substantial backyard. Plenty of room for summer barbeques or a small garden. And the property also includes a garage, not that you'll have much need of a car in this neighbourhood. With the conveniences of Bloor and Harbord just steps away, this neighbourhood is more for the pedestrian or cyclist than driver. Plenty of room for bikes in that garage, though!

237 lippincott street torontoSPECS

  • Address: 237 Lippincott St
  • Price: $799,900
  • Lot Size: 16 x 138
  • Bedrooms: 3
  • Bathrooms: 2
  • Parking: 1.5
  • Taxes: $4,641.72
  • Walk Score: 98
  • Central location at Harbord and Bathurst
  • Basement with separate entrance (unfinished)
  • Large master bedroom
  • First floor powder room

237 lippincott street torontoGOOD FOR

U of T alums. This is probably the house you were imagining living in while you were crammed with six people in the first floor of a ramshackle house in the Annex or on Baldwin. Sure, it's only uphill from a basement apartment with no oven, but this house isn't just better in comparison. It's cute and cozy with charm of its own.

237 lippincott street torontoMOVE ON IF

You don't want to take a gamble on your neighbours. This is a row house, so beware of potential noise next door. You might want to investigate for crying babies or party animals next door before you make this purchase. Or maybe you can just invest in ear plugs.

ADDITIONAL PHOTOS

237 lippincott street toronto237 lippincott street toronto237 lippincott street toronto237 lippincott street torontoRead other posts in this series via our House of the Week Pinterest board.

Writing by Isabel Ritchie.

Discussion

49 Comments

kioch / July 29, 2014 at 09:18 am
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Very nice!
jen / July 29, 2014 at 09:36 am
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Gorgeous!
Jamie / July 29, 2014 at 09:38 am
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800K ? Wow. Just spend that 800K on a mansion somewhere else. This house should be 399K or less ....
Mark / July 29, 2014 at 09:45 am
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It is very nice, and in a good location. But it is 800,000 for a row house with an unfinished basement. It does have parking though. It's been completely staged, but that's normal, these days.
Matthew replying to a comment from Jamie / July 29, 2014 at 09:49 am
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Clearly you keep up with real estate trends in Toronto.
Jason replying to a comment from Jamie / July 29, 2014 at 10:05 am
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Run along dear... the adults are talking.
Chris replying to a comment from Jamie / July 29, 2014 at 10:23 am
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You think a 3 bed, 2bath move in ready house in the Annex would sell for 400k? Or for that matter, that you can get a "mansion" for 800k anywhere near the GTA? Not on this side of the border, kiddo.

Oh, the naivete of youth.
christopher / July 29, 2014 at 10:31 am
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In Toronto this level of staging only means someone is flipping this house after a certain level of renovation. Still allowing for a tidy profit.
Housing / July 29, 2014 at 10:37 am
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Jack Layton and Olivia Chow paid $800 + $325 monthly surcharge for a three-bedroom, seven-room unit back in the 80's. With inflation this place seems like a steal compared to what Jack and Olivia paid for a rental 30 years ago.
James replying to a comment from Jamie / July 29, 2014 at 10:52 am
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Clueless much? Have you been under a rock for the past 20+ years?
kn / July 29, 2014 at 10:54 am
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It is fascinating how far we have come, or should I say how quickly real estate market in Toronto has completed bent our perspective on what value is. A million bucks is chump change now. 10 years ago this "ROW' house would have sold for under 400k. The only option for regular income earners to own a house/town house is to move far out of the city or apply for public housing...Atkinson coop in Alexandra park is going to have 350 town homes avail soon.
Potrzebie / July 29, 2014 at 11:09 am
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Not a single pot light?????
Party Hardy / July 29, 2014 at 11:24 am
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This is so cute.
Fan Fiction replying to a comment from kn / July 29, 2014 at 11:42 am
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It's pretty simple really. If someone is willing to pay for it, someone is willing to charge that price. 10 years is a long time and nothing really grows with inflation anymore. Adapt or move on.
kn replying to a comment from Fan Fiction / July 29, 2014 at 12:00 pm
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Nothing grows with inflation anymore? Do you have any understanding of what inflation numbers are based on? Clearly that would be a big NO. I guess if everybody has collectively agreed that they will never pay their home off in their lifetime million dollar homes make sense given average wages in Toronto. The real estate "market" is the same as any other market. That is, there are periods of depressed prices and periods in which the prices escalate, sometimes beyond fundamentals. The main fundamental in this case is wages and disposable income which haven't come close to keeping up with home prices in the past 15 yrs. Looking at the longer term chart of prices in Toronto, it's shows that the last 3-4 yrs prices have ramped up which is the typical move before a market sees a correction. We may get lucky and the "correction" is years of price consolidation or we may see a much bigger correction. Just don't be the fool who invests expecting these increases to go on forever. In fact, this is the longest period in history of consecutive increases. Mull that one over people.
Wes / July 29, 2014 at 12:03 pm
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The increase in prices has happened over a much longer period than just 10 year but I guess if you've only "come of age" in the past decade than that's your reflection.

This house was probably under $50K in the 50's. My family bought our first Toronto home a detached bunglow on the Danforth in the 50's for $14K.
Andrea replying to a comment from kn / July 29, 2014 at 12:22 pm
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The average person doesn't care about prices or inflation that much on the average budget. This is why many people refuse to sacrifice anything but still want all the rewards. Why do you need to own a car in the city before you even have a down payment for a house? Why are you out to get the flashiest car possible? Don't you care that the amount you purchased that depreciating car for could have been used for a downpayment on a house? People want to look like they have money even if they don't, they're not living in reality.
kn / July 29, 2014 at 12:27 pm
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here are some nice little simple charts to put things into historical perspective. http://www.macleans.ca/economy/realestateeconomy/a-canadian-housing-chart-that-puts-the-bubble-in-perspective/

Does anybody actually think this is going to continue at this rate?
Andrea replying to a comment from kn / July 29, 2014 at 12:45 pm
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Yes its going to continue on everyone has been saying its gonna burst for the past 20 years. Hold off, hold off its gonna burst soon, don't buy yet - that method has not come true yet.

If the West coast is still ahead of us in pricing I don't see Toronto bursting first. The only correction that's happened is that Toronto is back in the 2nd highest house prices in the country we're no longer 3rd behind Calgary.
Chezzie replying to a comment from kn / July 29, 2014 at 12:46 pm
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THE GROWTH RATE MAY SLOW DOWN BUT HOUSING PRICES AREN'T GOING TO DROP.


Canadian Cities Average House Prices April 2014

City 12 Month Change
Vancouver, BC $801,000 + 8.3 %
Toronto, Ont $578,000 + 9.8 %
Calgary, Alb $458,000 + 6.5 %
Ottawa, Ont $374,000 + 0.5 %
Montreal, Que $326,000 + 1.2 %
Regina, Sask $317,000 + 0.2 %
Halifax, NS $281,000 - 0.1 %
Fredericton, NB $185,000 - 0.2 %
ayemotherearth / July 29, 2014 at 12:48 pm
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No sign of a veggie garden, worm based composter, windmill or even a solar panel. So sad what a huge house like this does to our planet without giving back. The hubris on display is truly overwhelming.
Too Bad not sad replying to a comment from ayemotherearth / July 29, 2014 at 12:51 pm
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Not that sad really for the home owner. More sad that you're government has done close to nothing to get people to go more green.
Rob replying to a comment from Jason / July 29, 2014 at 12:56 pm
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Oh god, shut up.
kn replying to a comment from Chezzie / July 29, 2014 at 01:02 pm
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What makes you say that? You are only speculating or hoping. Look at the chart. After every big increase there has been a correction. How is this different? The Federal government stepped in and threw a match on the real estate market fire after a very depressed consolidation of prices in the 90s, by allowing 40 yr mortgages and drastically reduced downpayment requirements. This is why we have seen such a long period of increases.
Skye replying to a comment from Too Bad not sad / July 29, 2014 at 01:06 pm
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I'm quite sure that was sarcasm.
Jason replying to a comment from Rob / July 29, 2014 at 01:07 pm
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God's not gonna help you here the Adults are talking inflation and big numbers. Move along, back to the sand box.
Too Bad not sad replying to a comment from Skye / July 29, 2014 at 01:19 pm
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Not sarcastic. First off all you can't see the entire property or basement to see if there's a composter, etc. Maybe if you climb on the roof you may get a better idea if there's any solar panels or windmills. The government has done very little to encourage people to pay up and pay the extra $$ for going green.

Clearly "ayemotherearth" is not a homeowner and does not understand what it takes to maintain a home and a home owners budget. Easy to point fingers though.
Gus / July 29, 2014 at 01:22 pm
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These row houses are often much better on the environment than everyones prized fully detached home.

Shared walls bring down heating and cooling resources needed and costs. There are only two external walls which is much easier to maintain.
kn replying to a comment from Gus / July 29, 2014 at 01:56 pm
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These row houses were usually built like garbage. It was made for the working class/factory worker. No fire protection between the neighbour's home. What was, and still is very dangerous is the fact that the attic is probably shared with several other houses. If you own a row house or are thinking of buying, make sure you build a fire wall of some sort in the attic at minimum.
Gus replying to a comment from kn / July 29, 2014 at 02:08 pm
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Most of them were built with a fire wall on one side not both. I know because I own one. Two small row houses will have the firewall on the outerwall and the inner wall is shared.

If they were built like garabage they probably wouldn't have lasted for the 100 years since being built. Also the materials used in today's construction can ignite and burn much faster than the real hardwood they used to use in these old houses. New houses with built with chipboard, laminates, and composite woods are at great risk as well.
kn replying to a comment from Gus / July 29, 2014 at 02:25 pm
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Relative to building standards today, I agree Gus, the building standards were much higher back then. Although I have to disagree, most of these row houses did not have fire walls and the shared walls were only lath and plaster.
lyn replying to a comment from kn / July 29, 2014 at 02:49 pm
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I live in an old row house. The shared wall is lath and plaster and the attic is one big attic for all 6 homes in the row. It's solid in every way except the potential for fire spreading quickly throughout the whole row.
Rob replying to a comment from Jason / July 29, 2014 at 03:19 pm
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I can tell you're a real "winner". Stay classy.
Lee / July 29, 2014 at 03:42 pm
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Considered putting an offer on this but was thrown off by the horribly low ceilings in the dungeon style basement. Added to that, there is a busted pipe and water leaking in from the window, they're lucky the open house was on a sunny day. For house to be so staged as if well maintained, but have an un-repaired leak, sends warning signals with regards to the rest of it. Also, the stove doesn't work either. Reading the fine print! So important.
john / July 29, 2014 at 03:43 pm
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Assuming 25% down, this house will cost around $3500/month. The unit (with garage) will rent for that within an hour given its location. (An unfair rent but the market will eat it.)

Is the price inline with average income? No. But it's great if you just moved to the city, you have kids .. and perhaps three to eight apps that provide a fixed income.

Is it the best value for your $3500/mo? Likely not. Its being marketed as chiq. In that "vintage" light. High five for keeping the original trim work! Albeit painted.

In any case, I don't know anyone in this city would rush to buy a family home squished between student villages and crack towns.

But there's so much cheap beer nearby!!
Will Ellams / July 29, 2014 at 04:21 pm
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I own a Victorian row house off of Queen Street West and it has an open attic ( I'm one in from one end of the row of seven) and it's very spooky up there I can tell you! As we've all stood for over 130 years I'm not overly worried about fire spread. I'm more worried about the upkeep of the houses either side of me regarding foundation strength and roof and eaves etc. than I am about the attic. The main issues with the shared attic are in the winter. I can insulate my top floor and keep the attic cold but if the neighbours don't care then it still bleeds heat and you can get massive ice dams and Iicicles with the sharp roof and gables. Just about to spend over $8000 on my roof and had the bay window re roofed and all the eaves and downspouts done soon after I moved in. Can be a money pit. Buyer beware, even if it looks tastey at first, you don't know much until you've lived in it a full year around.
Tuli replying to a comment from lyn / July 29, 2014 at 04:33 pm
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Often new townhomes are still built with the same open attic and fire spreads through them, if they close the attics Firewalls down't go all the way up to the roof. There were cases in the past where a family had alot of extended family living up in the attic space above new townhomes.

7 people homeless after 3-alarm fire in Stittsville
http://www.cbc.ca/news/canada/ottawa/7-people-homeless-after-3-alarm-fire-in-stittsville-1.2717751
Hank&Soap / July 29, 2014 at 07:45 pm
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They should subsidize this place than at least Olivia Chow might be interested, and they'd have one solid buying lead.
Jamie replying to a comment from Jason / July 29, 2014 at 08:37 pm
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Yeah I'll go back to my affordable sandbox. I'll let you trendy moronic, adults talk about the house that is clearly not worth its retail price. Good luck with this investment.
Jason replying to a comment from Jamie / July 29, 2014 at 08:52 pm
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Good luck with you non investments other than investing in clothes to try and get yourself laid. Eventually that becomes tired and you need to start thinking of your future further than just the weekend. No new houses are being built in the core of Toronto, housing is a great investment as there will always be demand for them. With another million people expected to make Toronto home over the next decade, people will need a place to live and the choices are, buying a home with the limited supply, buying a condo and paying condo fess, or renting. The future is ours to enjoy.
Pham Nuc replying to a comment from Potrzebie / July 29, 2014 at 09:06 pm
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Sure there is pot light but it is in basemen where we grow da pots
Pot Lights / July 29, 2014 at 11:07 pm
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Pot lights are over rated anyways they often make every floor feel like a basement, sort of.
Jamie replying to a comment from Jason / July 29, 2014 at 11:18 pm
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Jason, I apologize you're 100% correct. I AM investing in clothes and I AM trying to get laid this weekend in Montreal ... it's the Osheaga festival. You should come out ;) We can meet and you can tell me more about investing in houses and stuff.
Jason replying to a comment from Jamie / July 30, 2014 at 10:14 am
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I'd love but I'm going to be chilling at the cottage I bought with the money I've made off investing in Toronto real estate.
jen replying to a comment from Jason / July 30, 2014 at 11:05 am
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It might do you well to realize that not everyone is a rich SOB. Most people living and working in this city can't afford to buy a house. I can only afford $1200 a month on housing. That's it, that's all. Home ownership of any kind would bleed me into bankruptcy. Renting is all a lot of us can handle, and we can sock whatever is left at the end of the month into savings, or splurge a little on clothes and fun trips. It's still a good life. My grandparents rented their whole lives and they did just fine.
kn replying to a comment from Will Ellams / July 31, 2014 at 01:37 pm
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If I owned a property with a shared attic I would be looking into my options to block this area. This is not just to slow fire but to explore keeping animals from moving from other people's houses into mine. That's right, squirrels, racoons, mice and rats. There's no way to completely stop a fire from spreading but you sure can slow it down. That's all you want to do, slow it down enough to potentially save your life.
Laura / July 31, 2014 at 07:19 pm
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Sold for $940,000.
Wellwisher / August 1, 2014 at 11:13 am
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I think it a beautiful house at a great price in a good area. Howm ever buys this place, I hope they have many happy years in this home.
kn / August 2, 2014 at 07:32 pm
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940k? Hahahaha. Everybody has lost their minds. Glad I bought in 2003.

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