$499,000 - 120 Lombard Street Unit 703, Cabbagetown
Condo for Sale in Cabbagetown
72 days on market- MLS Number
- C12965784
- Property Type
- Condo
- Status
- active
- Days on Site
- 72
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 500 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- None
- Exposure
- South
- Balcony
- Juliette
- Listing Brokerage
- SKYBOUND REALTY
Welcome to the French Quarter! Parisian-inspired classic charm, literally three blocks from St Lawrence Market! This perfect 1-bedroom suite **with parking** has the layout we all dream of - 9' ceilings, an actual kitchen with butcher-block and quartz counters, full-size stainless steel appliances, and plenty of prep space...Just what you need to cook up a storm! There's ample room for a real dining table to host those French-themed dinner parties, a living area that comfortably fits a large sofa with room to spare, and a great-sized bedroom (with a real door) with custom-built bookcases and a triple-width deep closet. Did you see that classic clawfoot tub in the bathroom? How about those incredible blonde oak herringbone hardwood floors? And the custom crown molding? Add to that, two South-facing Juliette balconies (with custom retractable screens), a new full-size LG WashTower laundry set, and plenty of storage throughout. Boutique living in this quiet, 71 unit building spread over just 10 floors, means almost no waiting for an elevator. Plus a great gym, large roof deck with BBQs, party room, and visitor parking. A super quick stroll to St Lawrence Market just down the street, a block from St James Park, walking distance to the Financial District, Eaton Centre, King and Queen streetcars right around the corner, and very easy access to the DVP and Gardiner for when you want to get away. Oh, and Mystic Muffin is literally across the street (if you know, you know), and Fahrenheit Coffee is right downstairs. **Hydro/heat/water all included!** **And your own parking spot!** --> Fun fact: The French Quarter is the first condo in Canada to perform a sustainable heating/cooling technology retrofit by replacing its chiller and gas boiler with air-to-water heat pumps, reducing its carbon emissions by approximately 60%, with an Energy Star rating of 94/100!
Estimate your monthly payments for this property
Estimated Payment
$2,560.13/mo
Includes CMHC insurance ($13,922)
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.
120 Lombard Street Unit 703, 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 $998/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.
Negotiation Opportunity
At 72 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.
Efficient Living
At 500 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.