23 Lippincott Street, Toronto, ON

Kensington-Chinatown, Toronto · MLS® C13220928

$3,690,000
For Sale
Listed 46 days ago
4Bedrooms
5Bathrooms
1Garage
2500-3000Sq Ft

About this home

In a city celebrated for its eclectic design and dynamic spirit, this breathtaking residence stands alone, a showpiece of contemporary design by award-winning Ancerl Studio. From the moment you arrive, its distinctive brick façade, copper detailing, and privately fenced corner lot evoke the quiet sophistication of a New York brownstone, seamlessly set within a vibrant Toronto neighbourhood. Inside, a world of extraordinary detail unfolds, a fusion of Parisian refinement and metropolitan sophistication throughout 3,600 square feet of finished living space across four storeys. A soaring two-storey mezzanine at the center sets a dramatic tone, while custom woodwork and sculptural lines anchor the home in both scale and intimacy. Every inch has been curated with intention, every surface designed to delight. Custom furnishings, sweeping sightlines, and meticulously selected materials create a narrative of quiet luxury and timeless design. At its heart, this three-storey home with three plus one bedrooms and five bathrooms elevates both daily life and entertaining. The third level is an indulgent primary suite, complete with a walk-through dressing room, five-piece spa-like ensuite, marble fireplace, and private balcony with striking CN Tower views, an ever-present reminder of the city's pulse just beyond the serenity. The lower level offers a generous recreation room with natural light, private guest bedroom, full bathroom, a second laundry, and ample storage. Outdoors, landscaped rear gardens offer a tranquil escape. A stone patio off the main level creates an ideal setting for indoor-outdoor living. The detached garage via laneway completes this urban sanctuary with seamless functionality. Every element reflects a commitment to design excellence and thoughtful craftsmanship, a singular opportunity to live beautifully in the heart of the city. **FENG SHUI certified by Master PAUL NG** *5 Wealth centers, plus powerful energy for Health & Relationships*

Key facts

Property type
Semi-Detached, 3-Storey
MLS®
C13220928
Bedrooms
4 (3 + 1)
Bathrooms
5 (1 half)
Size
2500-3000
Lot
4.83 × 30.5 ft
Cross streets
College St. and Bathurst
Parking
1 garage (detached)
Basement
Finished
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Foundation
Stone, Poured Concrete
Roof
Shingles, Flat
Sewer
Sewer
Property tax
$6,772 / 2025
Days on market
46
Listing brokerage
ROYAL LEPAGE REAL ESTATE SERVICES HEAPS ESTRIN TEAM

Rooms

KitchenMain6.78 × 3.40 m

hardwood floor · marble counter · centre island

Bedroom 2Second4.32 × 3.66 m

hardwood floor · double closet · 3 pc ensuite

Primary BedroomThird4.47 × 4.27 m

hardwood floor · fireplace · 5 pc ensuite

LibrarySecond6.78 × 3.40 m

hardwood floor · b/i desk · coffered ceiling(s)

Living RoomMain5.31 × 4.29 m

hardwood floor · fireplace · walk-out

FoyerMain4.50 × 1.75 m

marble floor · b/i closet · wall sconce lighting

LaundryLower1.96 × 1.93 m

hardwood floor · marble counter · laundry sink

Dining RoomMain4.39 × 2.84 m

hardwood floor · crown moulding · built-in speakers

RecreationLower6.65 × 3.91 m

hardwood floor · pot lights · above grade window

Bedroom 4Lower3.68 × 2.54 m

hardwood floor · pot lights · double closet

SittingThird4.90 × 3.00 m

hardwood floor · walk-in closet(s) · b/i shelves

Bedroom 3Second4.57 × 2.95 m

hardwood floor · walk-in closet(s) · 4 pc ensuite

Moe’s TakeTeam Asgarian · Broker
Worth a personal read

Heads up: the asking price here sits well above what comparable listings suggest. That can point to premium finishes, a bigger lot, or simply an ambitious ask, so it is worth a close look before you offer. I would not put an automatic figure on this one. Tell me you are interested and I will pull the most comparable recent sales and give you a straight answer on what it will really take.

The assigned public school is King Edward Junior and Senior Public School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.

On location, this is a very walkable address with everyday errands close by. Bathurst St at Nassau St - Toronto Western Hospital is about a 1-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.

What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.

  • Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room.
  • Corner lot: more light and frontage, sometimes at the cost of privacy.
  • Worth verifying
  • Weigh carefully
Comparable listingsCurrently listed nearby · asking prices
$2.76Mavg asking

The closest active listings by size, beds, and price, so you can see what this home is up against.

9 Inglewood Drive$2.40M32 Bernard Avenue$3.10M169 Robert Hicks Drive$988k734 Avenue Road$4.55M

The 4 closest active listings nearby.

See all comparable homes
3.69MThis home2.40M3.10M988k4.55MThis home vs active comparables
Live market pulseActive comparables in Kensington-Chinatown · median list $1.63M
$1,342this home / sqft
5active listings nearby
46days on market

42 days longer than the Toronto average (4 days).

View comparable listings
This home
Below area avgAbove area avg

Price per square foot vs the area average.

Neighbourhood & location

Kensington-Chinatown, Toronto, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Getting around

86/ 100

Very WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.

Most daily errands can be done on foot.

🚉 Nearest transit: Bathurst St at Nassau St - Toronto Western Hospital, about 117 m away

20+ transit stops20+ grocery20+ dining20+ parks20+ pharmacies

Within a 15-minute (1.5 km) walk.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Palmerston-Little Italy
$1000K
Corso Italia-Davenport
$951K
South Riverdale
$1.30M
Mount Pleasant East
$1.28M
Danforth
$1.10M

Typical asking price of active listings of the same type, per area (outliers removed). Toronto.

Get the full neighbourhood report (schools, parks, transit & safety) →

Schools & catchmentAssigned attendance-boundary schools, with EQAO results

The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).

School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.

Street view near da Vinci School
67%
da Vinci SchoolPublic · Elementary · 0.5 km awayBelow the GTA average · 67% meet the provincial standard

Affordability & Mortgage

Affordability
$16,818/mo
$656KIncome needed
5.6×Price ÷ income
$3,881Weekly cost
20% down4.79%25-yr amortization

Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.

97%mortgage
Mortgage $16,818Property tax $564Total carry $17,382

Calculate and customize your mortgage and other expenses

Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.

Your numbers

$
20.0%
$
%

Homes over $1.5M can't be insured, so 20% down or more is required.

4.14%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 17, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$15,753per month

Mortgage amount $2,952,000 · 4.14% over 25 years

$738,000Down payment (20.0%)
$2,952,000Loan before insurance
$0CMHC premium
$16,317Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$15,753
Property tax
$564
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$16,317

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$78,725
Toronto municipal land transfer tax
$85,625
Estimated closing costs
$164,350

Plus your down payment of $738,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.14%Qualifying rate
$19,133/monthPayment at the qualifying rate

Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.

Over the full 25 years

$1,773,890Total interest paid
$4,725,890Total of all payments
Principal $2,952,000 Interest $1,773,890
YearPrincipalInterestBalance
1$69,155$119,880$2,882,845
2$72,048$116,988$2,810,797
3$75,061$113,974$2,735,736
4$78,201$110,834$2,657,534
5$81,472$107,563$2,576,062
6$84,880$104,156$2,491,182
7$88,430$100,605$2,402,752
8$92,129$96,906$2,310,622
9$95,983$93,053$2,214,639
10$99,998$89,038$2,114,641
11$104,181$84,855$2,010,461
12$108,538$80,497$1,901,922
13$113,078$75,957$1,788,844
14$117,808$71,227$1,671,036
15$122,736$66,300$1,548,300
16$127,870$61,166$1,420,430
17$133,218$55,817$1,287,211
18$138,791$50,245$1,148,421
19$144,596$44,439$1,003,824
20$150,644$38,391$853,180
21$156,946$32,090$696,234
22$163,510$25,525$532,724
23$170,350$18,686$362,374
24$177,475$11,560$184,899
25$184,899$4,137$0

At the end of your 5-year term

Total paid over the term
$945,178
Principal paid down
$375,938
Interest paid
$569,240
Balance remaining
$2,576,062

Talk to Team Asgarian about your options

Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.

Let's connect

Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.

Investor snapshot

Rental yield
Estimate$5,250/mo
$63,000Gross annual rent
1.3%Est. cap rate

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

Estimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.

1.7%
Gross yield
− Property tax $6,772− Insurance $1,400− Vacancy & upkeep $6,930Net operating income $47,898

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of ROYAL LEPAGE REAL ESTATE SERVICES HEAPS ESTRIN TEAM. MLS®/PropTx.

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