$589,000 - 109 Front Street Unit 704, Cabbagetown
Condo for Sale in Cabbagetown
- MLS Number
- C13169390
- Property Type
- Condo
- Status
- active
- Days on Site
- 22
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- Exclusive
- Exposure
- North
- Balcony
- Open
- Listing Brokerage
- ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Welcome to New Times Square Condos, ideally situated in the heart of Toronto's historic St. Lawrence Market neighbourhood. This spacious one-bedroom plus den suite offers a functional layout, two full washrooms, and an unbeatable downtown lifestyle just steps to the Market, Financial District, waterfront, transit, restaurants, cafés, theatres, and everyday conveniences. The open-concept living and dining area features warm wood flooring, expansive windows, and a practical layout that comfortably accommodates both living and dining spaces. The kitchen overlooks the principal rooms and offers generous counter space, making it ideal for both everyday living and entertaining. The large north-facing windows provide soft natural light and peaceful city views overlooking the charming character homes and architecture of Old Toronto. The primary bedroom is generously sized with large windows, mirrored closet doors, and a private four-piece ensuite washroom. A separate den offers excellent flexibility for a home office, guest space, nursery, reading room, or creative studio. A second three-piece washroom with stand-up shower provides added convenience for guests and day-to-day living. This well-established and professionally managed building offers residents 24-hour concierge service, designated bike storage areas, two fitness centres, sauna, party/meeting room, two rooftop terraces, and gas BBQ area. Located just steps from the iconic St. Lawrence Market, residents enjoy access to some of the city's best bakeries, specialty food shops, cafés, parks, restaurants, and local boutiques. Walk to the Financial District, Union Station, The Esplanade, Meridian Hall, the Distillery District, Sugar Beach, and Toronto's waterfront trails. Convenient access to TTC streetcars, the Gardiner Expressway, and the Don Valley Parkway make commuting throughout the city effortless.
Estimate your monthly payments for this property
Estimated Payment
$3,021.88/mo
Includes CMHC insurance ($16,433)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Regent Park / Cabbagetown / St. James Town
Regent Park / Cabbagetown / St. James Town 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 Regent Park / Cabbagetown / St. James Town
- •Convenient location in Regent Park / Cabbagetown / St. James Town
- •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
Regent Park / Cabbagetown / St. James Town 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.
109 Front Street Unit 704, Regent Park / Cabbagetown / St. James Town
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fair Market Value
At $841/sqft, this property is priced in line with current Cabbagetown market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Market Position
At 22 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
Investment Perspective
Looking at this as an investment: Cabbagetown properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,454 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.