$1,899,000 - 118 Merchants' Wharf N/A Unit 103, Cabbagetown
Condo for Sale in Cabbagetown
77 days on market- MLS Number
- C12939652
- Property Type
- Condo
- Status
- active
- Days on Site
- 77
- Bedrooms
- 2
- Bathrooms
- 3
- Square Feet
- 1,600 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- None
- Exposure
- West
- Balcony
- Terrace
- Listing Brokerage
- HOMELIFE NEW WORLD REALTY INC.
Welcome to your private retreat on Toronto's vibrant Harbourfront - an exceptional opportunity to own a luxury condo townhouse built by Tridel, just steps from the shores of Lake Ontario. Offering 1,799 sq ft of beautifully designed living space, this residence features 2 spacious bedrooms, a versatile den, and 3 elegant bathrooms. Enjoy the convenience of keyless entry and the warmth of stunning hardwood floors throughout. The designer kitchen is a true centerpiece, complete with a modern island and ideal for entertaining. An open-concept layout creates a seamless flow between living spaces, perfect for both everyday living and hosting guests. A cozy office nook tucked beneath the glass-railed staircase provides a dedicated workspace, while a second-floor den offers a flexible area for relaxation or creative pursuits. The primary bedroom is a luxurious haven, featuring a spa-inspired ensuite and a large walk-in closet. Residents enjoy access to premium, hotel-style amenities including 24-hour concierge service, a fully equipped gym, saunas, theatre room, and an outdoor pool with terrace. Ideally located, you're just moments from the ferry to Toronto Island and within walking distance to St. Lawrence Market, the Distillery District, Sugar Beach, and the Financial District. With easy access to the Gardiner Expressway and Lakeshore Boulevard, convenience meets lifestyle at every turn. Experience elevated lakefront living-this home truly offers it all. Select photos have been virtually staged to showcase the property's full potential.
Estimate your monthly payments for this property
Estimated Payment
$8,399.92/mo
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.
118 Merchants' Wharf N/A Unit 103, 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
Premium Pricing
At $1187/sqft, this property is priced above the Cabbagetown average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Negotiation Opportunity
At 77 days on site, this property has exceeded the typical selling timeline for Cabbagetown. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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.
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.
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 $7,913 (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.