$423,000 - 117 Gerrard Street Unit 613, Cabbagetown
Condo for Sale in Cabbagetown
42 days on market- MLS Number
- C13095834
- Property Type
- Condo
- Status
- active
- Days on Site
- 42
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- None
- Exposure
- West
- Balcony
- None
- Listing Brokerage
- SAM MCDADI REAL ESTATE INC.
One bedroom + den with parking!! Over 700+ sqft of functional living space at $423K, great downtown "VALUE" per sqft. Maintenance fees includes all utilities, Fiber Internet & cable TV bundle preferred package with all sports and entertainment movie channels, etc. Bright spacious open concept layout with large living area and large primary bedrooms easily fit king-size bed. Ample sized den can serve as a great 2nd bedroom or home office, or nursery, etc. + ensuite laundry. Well sunlit and spacious condo facing west exposure with unobstructed breathtaking sunrise skyline city views. Ideal for the first time home buyer, health care professional, young professional, enjoying comfort value and prime downtown location. 24 hour concierge, guest parking, pet friendly environment with private gated pet parkette, 24 hour security guard offers peace of mind, fitness center, party room, billiards/games room, spectacular panoramic 360 rooftop garden gazebo features outdoor jacuzzi and summer BBQs, private his/her sauna with shower. Vibrant city living, steps to everything: major grocery stores Loblaws, No Frills, Metro, T&T supermarket, elementary school, public transit/subway, ethnicity restaurants, major hospitals Mt Sinai, Toronto General, St Michael's, Financial districts, TMU/U of T, Eaton Center. Extremely convenient location with 98 walk score! 99 transit score! 97 bike score! Downtown lifestyle at its finest.
Estimate your monthly payments for this property
Estimated Payment
$2,170.21/mo
Includes CMHC insurance ($11,802)
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.
117 Gerrard Street Unit 613, 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
Competitive Pricing
At $604/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 42 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.
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.