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New1 hour ago

70 Lippincott Street

Kensington-Chinatown, Toronto

$2,199,500

Detached|2-Storey
3 | 3 | 3
About this home

Rare downtown Toronto development assembly in historic Kensington Market. Sold strictly together with adjacent 68 Lippincott St as a single development assembly, Total combined package asking price is $4,399,000.00 and will not be sold separately.Shovel ready advantage: Committee of Adjustment approval is already secured for 4 POTL townhomes featuring private rooftop terraces.Unbeatable central location: nestled in a quiet residential pocket of Kensington Market, steps to College & Bathurst streetcars, Little Italy restaurants, University of Toronto St. George campus, and Toronto Western Hospital.Exceptional upside for builders and investors to explore alternative higher density configurations such as 6-townhome schemes or multi-unit residential leasing/condo structures (buyer to conduct own due diligence; seller/brokerage make no representations or warranties beyond the existing 4 POTL townhouse CoA approval).

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$7,688
Lot Size20 ft x 128.58 ft
mls© NumberC13704130
Listed ByCAPITALPLUS GROUP REALTY INC.

Listing History

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

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What the bank counts

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

Mortgage, tested at 6%
$11,258
Property tax
$641
Heat allowance
$150
Housing costs
$12,049 / mo

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

Down payment20% · $439,900
25-yr amortization

Income needed

$371,000

gross annual household income

Payment at 4%
$9,256 / mo
Cash down
$439,900

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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