$5,500/mo - 376 Lippincott Street, Downtown Toronto
Semi-Detached for Rent in Downtown Toronto
New — Listed 2 days agoNeighbourhood: University
Want to see this home in person?
Book a private showing with Joe — pick a day and time that works for you.
- MLS Number
- C13782972
- Property Type
- Semi-Detached
- Status
- active
- Days on Site
- 2
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Listing Brokerage
- BAY STREET GROUP INC.
**Prime Downtown Toronto Location - Spacious Three-Storey Home for Lease! a charming and spacious three-storey property located in one of Toronto's most desirable downtown neighbourhoods. This bright and well-maintained home offers multiple levels of living space, making it an excellent choice for a family, professionals, or tenants looking for a comfortable home in a highly convenient location. The property features a **main floor plus two upper floors**, providing generous living space and excellent flexibility for different living arrangements. Large windows bring in plenty of natural light, while the functional layout offers comfortable living and bedroom areas.**Prime Location!** Conveniently located close to **University of Toronto, Kensington Market, Chinatown, Queen's Park, hospitals, restaurants, cafés, shops and public transit**. Easy access to TTC and major downtown destinations.**Highlights:*** Three- storey home with spacious and functional layout* Main floor + 2nd floor + 3rd floor* Bright and comfortable living spaces* Excellent downtown Toronto location* Steps to restaurants, cafés, shops and everyday amenities* Close to University of Toronto and major hospitals* Easy access to TTC and public transportation* Perfect for professionals, families or students**Don't miss this opportunity to live in the heart of downtown Toronto!**
Discover University
University is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in University
- •Convenient location in Downtown Toronto / Waterfront
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
University offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
376 Lippincott Street, Downtown Toronto / Waterfront
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
How this lease stacks up against the local rental market
Estimated Monthly Budget
Things to Confirm Before Signing
· Are utilities included, or separate?
· How many parking spots are included?
· Is the landlord open to a 1-year or 2-year lease?
· Are pets and small renovations (paint, hooks) allowed?
· When was the last rent increase, if there is a prior tenant?
Utility estimates are approximate and vary by season, habits, and what the landlord includes. Always confirm inclusions with the listing agent.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Above Market Rent
At $5,500/mo, this is asking above the typical 3-bedroom rent of ~$3,500/mo in Downtown Toronto. That premium needs to be justified — newer finishes, included parking, a premium location, or utilities included. I'll help you assess whether it's worth it or whether there's room to negotiate.
Just Listed - Act Strategically
This property hit the market within the last week. In Downtown Toronto's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
Detached Home Advantages
Detached homes in Downtown Toronto are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
About University
I know University well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.