With all the talk of condo bubbles, over-the-top bidding wars and failed flips, wading into Toronto’s housing market requires equal parts bravery and real-estate savvy. To help with the latter, we decided to dish when the properties we profile in our House of the Week, Condo of the Week and Cottage of the Week features are sold. Here, all the details from the latest sale.
• The Place: A three-bedroom, three-storey townhouse in Lippincott Living, a complex with eight units at College and Bathurst.
• The Agent: Michael Wacholtz , Keller Williams Referred Urban Realty Inc., Brokerage
• Listed Price: $1,049,000
• Sale Price: $1,030,000, which makes sense, says the agent, “given it was a one-on-one negotiation.”
• The Buyers: A professional couple in their thirties. The agent believes they were drawn to the intimacy of the relatively small townhouse complex, as well as the modern design and layout of the individual unit.
• The Full Description: Condo of the Week: $1 million for a designer townhouse near Kensington Market [February 7, 2014]
258540 The exterior of the complex. The place was designed by Cecconi Simone, with architect Brad Netkin Condo of the Week: 56 Lippincott Street, #4 Condo of the Week: 56 Lippincott Street, #4 https://torontolife.com/wp-content/uploads/2014/02/toronto-condo-of-the-week-56-lippincott-street-unit-4-01-96x96.jpg https://torontolife.com/wp-content/uploads/2014/02/toronto-condo-of-the-week-56-lippincott-street-unit-4-01.jpg https://torontolife.com/wp-content/uploads/2014/02/toronto-condo-of-the-week-56-lippincott-street-unit-4-01.jpg 1000 667 [] https://torontolife.com/real-estate/sold-condo-of-the-week-february-7/slide/toronto-condo-of-the-week-56-lippincott-street-unit-4-01/ toronto-condo-of-the-week-56-lippincott-street-unit-4-01 0 0
258541 There's a small patio at the rear Condo of the Week: 56 Lippincott Street, #4 Condo of the Week: 56 Lippincott Street, #4 https://torontolife.com/wp-content/uploads/2014/02/toronto-condo-of-the-week-56-lippincott-street-unit-4-02-96x96.jpg https://torontolife.com/wp-content/uploads/2014/02/toronto-condo-of-the-week-56-lippincott-street-unit-4-02.jpg https://torontolife.com/wp-content/uploads/2014/02/toronto-condo-of-the-week-56-lippincott-street-unit-4-02.jpg 1000 667 [] https://torontolife.com/real-estate/sold-condo-of-the-week-february-7/slide/toronto-condo-of-the-week-56-lippincott-street-unit-4-02/ toronto-condo-of-the-week-56-lippincott-street-unit-4-02 0 0
258542 Just inside the patio door is this dining room Condo of the Week: 56 Lippincott Street, #4 Condo of the Week: 56 Lippincott Street, #4 https://torontolife.com/wp-content/uploads/2014/02/toronto-condo-of-the-week-56-lippincott-street-unit-4-03-96x96.jpg https://torontolife.com/wp-content/uploads/2014/02/toronto-condo-of-the-week-56-lippincott-street-unit-4-03.jpg https://torontolife.com/wp-content/uploads/2014/02/toronto-condo-of-the-week-56-lippincott-street-unit-4-03.jpg 1000 667 [] https://torontolife.com/real-estate/sold-condo-of-the-week-february-7/slide/toronto-condo-of-the-week-56-lippincott-street-unit-4-03/ toronto-condo-of-the-week-56-lippincott-street-unit-4-03 0 0
258543 And beyond the dining room is the kitchen Condo of the Week: 56 Lippincott Street, #4 Condo of the Week: 56 Lippincott Street, #4 https://torontolife.com/wp-content/uploads/2014/02/toronto-condo-of-the-week-56-lippincott-street-unit-4-04-96x96.jpg https://torontolife.com/wp-content/uploads/2014/02/toronto-condo-of-the-week-56-lippincott-street-unit-4-04.jpg https://torontolife.com/wp-content/uploads/2014/02/toronto-condo-of-the-week-56-lippincott-street-unit-4-04.jpg 1000 667 [] https://torontolife.com/real-estate/sold-condo-of-the-week-february-7/slide/toronto-condo-of-the-week-56-lippincott-street-unit-4-04/ toronto-condo-of-the-week-56-lippincott-street-unit-4-04 0 0
258544 At the front of the house is the living room, visible here in the background Condo of the Week: 56 Lippincott Street, #4 Condo of the Week: 56 Lippincott Street, #4 https://torontolife.com/wp-content/uploads/2014/02/toronto-condo-of-the-week-56-lippincott-street-unit-4-05-96x96.jpg https://torontolife.com/wp-content/uploads/2014/02/toronto-condo-of-the-week-56-lippincott-street-unit-4-05.jpg https://torontolife.com/wp-content/uploads/2014/02/toronto-condo-of-the-week-56-lippincott-street-unit-4-05.jpg 1000 667 [] https://torontolife.com/real-estate/sold-condo-of-the-week-february-7/slide/toronto-condo-of-the-week-56-lippincott-street-unit-4-05/ toronto-condo-of-the-week-56-lippincott-street-unit-4-05 0 0
258546 And here's a reverse view of the living room. That big, black rectangle in the wall is a fireplace Condo of the Week: 56 Lippincott Street, #4 Condo of the Week: 56 Lippincott Street, #4 https://torontolife.com/wp-content/uploads/2014/02/toronto-condo-of-the-week-56-lippincott-street-unit-4-06-96x96.jpg https://torontolife.com/wp-content/uploads/2014/02/toronto-condo-of-the-week-56-lippincott-street-unit-4-06.jpg https://torontolife.com/wp-content/uploads/2014/02/toronto-condo-of-the-week-56-lippincott-street-unit-4-06.jpg 1000 667 [] https://torontolife.com/real-estate/sold-condo-of-the-week-february-7/slide/toronto-condo-of-the-week-56-lippincott-street-unit-4-06/ toronto-condo-of-the-week-56-lippincott-street-unit-4-06 0 0
258547 There are two bedrooms on the second floor Condo of the Week: 56 Lippincott Street, #4 Condo of the Week: 56 Lippincott Street, #4 https://torontolife.com/wp-content/uploads/2014/02/toronto-condo-of-the-week-56-lippincott-street-unit-4-07-96x96.jpg https://torontolife.com/wp-content/uploads/2014/02/toronto-condo-of-the-week-56-lippincott-street-unit-4-07.jpg https://torontolife.com/wp-content/uploads/2014/02/toronto-condo-of-the-week-56-lippincott-street-unit-4-07.jpg 1000 667 [] https://torontolife.com/real-estate/sold-condo-of-the-week-february-7/slide/toronto-condo-of-the-week-56-lippincott-street-unit-4-07/ toronto-condo-of-the-week-56-lippincott-street-unit-4-07 0 0
258548 Here's one bedroom Condo of the Week: 56 Lippincott Street, #4 Condo of the Week: 56 Lippincott Street, #4 https://torontolife.com/wp-content/uploads/2014/02/toronto-condo-of-the-week-56-lippincott-street-unit-4-08-96x96.jpg https://torontolife.com/wp-content/uploads/2014/02/toronto-condo-of-the-week-56-lippincott-street-unit-4-08.jpg https://torontolife.com/wp-content/uploads/2014/02/toronto-condo-of-the-week-56-lippincott-street-unit-4-08.jpg 1000 667 [] https://torontolife.com/real-estate/sold-condo-of-the-week-february-7/slide/toronto-condo-of-the-week-56-lippincott-street-unit-4-08/ toronto-condo-of-the-week-56-lippincott-street-unit-4-08 0 0
258549 And here's the other Condo of the Week: 56 Lippincott Street, #4 Condo of the Week: 56 Lippincott Street, #4 https://torontolife.com/wp-content/uploads/2014/02/toronto-condo-of-the-week-56-lippincott-street-unit-4-09-96x96.jpg https://torontolife.com/wp-content/uploads/2014/02/toronto-condo-of-the-week-56-lippincott-street-unit-4-09.jpg https://torontolife.com/wp-content/uploads/2014/02/toronto-condo-of-the-week-56-lippincott-street-unit-4-09.jpg 1000 667 [] https://torontolife.com/real-estate/sold-condo-of-the-week-february-7/slide/toronto-condo-of-the-week-56-lippincott-street-unit-4-09/ toronto-condo-of-the-week-56-lippincott-street-unit-4-09 0 0
258550 Both bedrooms have interior doors that open onto opposite ends of a central, shared washroom Condo of the Week: 56 Lippincott Street, #4 Condo of the Week: 56 Lippincott Street, #4 https://torontolife.com/wp-content/uploads/2014/02/toronto-condo-of-the-week-56-lippincott-street-unit-4-10-96x96.jpg https://torontolife.com/wp-content/uploads/2014/02/toronto-condo-of-the-week-56-lippincott-street-unit-4-10.jpg https://torontolife.com/wp-content/uploads/2014/02/toronto-condo-of-the-week-56-lippincott-street-unit-4-10.jpg 1000 667 [] https://torontolife.com/real-estate/sold-condo-of-the-week-february-7/slide/toronto-condo-of-the-week-56-lippincott-street-unit-4-10/ toronto-condo-of-the-week-56-lippincott-street-unit-4-10 0 0
258551 The master bedroom, seen here, takes up the entire third floor. It has its own fireplace Condo of the Week: 56 Lippincott Street, #4 Condo of the Week: 56 Lippincott Street, #4 https://torontolife.com/wp-content/uploads/2014/02/toronto-condo-of-the-week-56-lippincott-street-unit-4-11-96x96.jpg https://torontolife.com/wp-content/uploads/2014/02/toronto-condo-of-the-week-56-lippincott-street-unit-4-11.jpg https://torontolife.com/wp-content/uploads/2014/02/toronto-condo-of-the-week-56-lippincott-street-unit-4-11.jpg 1000 667 [] https://torontolife.com/real-estate/sold-condo-of-the-week-february-7/slide/toronto-condo-of-the-week-56-lippincott-street-unit-4-11/ toronto-condo-of-the-week-56-lippincott-street-unit-4-11 0 0
258552 At the foot of the bed, there's a door that leads to a balcony Condo of the Week: 56 Lippincott Street, #4 Condo of the Week: 56 Lippincott Street, #4 https://torontolife.com/wp-content/uploads/2014/02/toronto-condo-of-the-week-56-lippincott-street-unit-4-12-96x96.jpg https://torontolife.com/wp-content/uploads/2014/02/toronto-condo-of-the-week-56-lippincott-street-unit-4-12.jpg https://torontolife.com/wp-content/uploads/2014/02/toronto-condo-of-the-week-56-lippincott-street-unit-4-12.jpg 1000 667 [] https://torontolife.com/real-estate/sold-condo-of-the-week-february-7/slide/toronto-condo-of-the-week-56-lippincott-street-unit-4-12/ toronto-condo-of-the-week-56-lippincott-street-unit-4-12 0 0
258553 This is the master bedroom's en suite washroom Condo of the Week: 56 Lippincott Street, #4 Condo of the Week: 56 Lippincott Street, #4 https://torontolife.com/wp-content/uploads/2014/02/toronto-condo-of-the-week-56-lippincott-street-unit-4-13-96x96.jpg https://torontolife.com/wp-content/uploads/2014/02/toronto-condo-of-the-week-56-lippincott-street-unit-4-13.jpg https://torontolife.com/wp-content/uploads/2014/02/toronto-condo-of-the-week-56-lippincott-street-unit-4-13.jpg 1000 667 [] https://torontolife.com/real-estate/sold-condo-of-the-week-february-7/slide/toronto-condo-of-the-week-56-lippincott-street-unit-4-13/ toronto-condo-of-the-week-56-lippincott-street-unit-4-13 0 0
258554 And here's what the balcony looks like up close Condo of the Week: 56 Lippincott Street, #4 Condo of the Week: 56 Lippincott Street, #4 https://torontolife.com/wp-content/uploads/2014/02/toronto-condo-of-the-week-56-lippincott-street-unit-4-14-96x96.jpg https://torontolife.com/wp-content/uploads/2014/02/toronto-condo-of-the-week-56-lippincott-street-unit-4-14.jpg https://torontolife.com/wp-content/uploads/2014/02/toronto-condo-of-the-week-56-lippincott-street-unit-4-14.jpg 1000 667 [] https://torontolife.com/real-estate/sold-condo-of-the-week-february-7/slide/toronto-condo-of-the-week-56-lippincott-street-unit-4-14/ toronto-condo-of-the-week-56-lippincott-street-unit-4-14 0 0