$1,850,000 - 13 Gilead Place, Cabbagetown
Townhouse for Sale in Cabbagetown
- MLS Number
- C13120706
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 28
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Listing Brokerage
- SUTTON GROUP - SUMMIT REALTY INC.
**OPEN HOUSE Sat/Sun 2 - 4 pm** Set on one of Corktown's most desirable streets, 13 Gilead Place offers a rare opportunity to own a freehold townhouse in the heart of Toronto's Lower East Side. Just steps to the Distillery District, St. Lawrence Market, the Financial District, and the upcoming Ontario Line Corktown Station, this location delivers unmatched urban convenience with a strong sense of community. Designed by architect Brian Kucharski, the home blends modern architecture with thoughtful functionality. The open-concept main floor is ideal for both entertaining and daily living, featuring soaring 13-foot ceilings and floor-to-ceiling windows that bathe the space in natural light. The seamless transition between living and dining areas creates an inviting and sophisticated atmosphere.Upstairs, the primary bedroom offers a calm retreat with 10-foot ceilings and a spa-inspired ensuite. The second bedroom includes custom cabinetry and a built-in Murphy bed, making it both stylish and versatile. Heated floors throughout all bathrooms and the finished lower level elevate everyday comfort.The upper level provides a flexible space that can easily serve as a home office, gym, or additional bedroom. From here, step onto the private rooftop patio - a rare urban oasis with a gas BBQ, greenery, and impressive city views. Oversized 1 car garage with extra parking in laneway. This is a home that perfectly balances design, comfort, and location - ideal for those seeking an elevated downtown lifestyle.
Estimate your monthly payments for this property
Estimated Payment
$8,183.17/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.
13 Gilead Place, 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 $1233/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.
Market Position
At 28 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.
Townhouse Benefits
Townhouses offer an excellent balance of space and maintenance. You get more room than a condo with lower upkeep than a detached home. Key things to verify: whether it's freehold or condo-titled (affects fees and rules), and the condition of shared walls for noise considerations. Townhouses in Cabbagetown have shown strong appreciation as families seek more space.
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.
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 $7,708 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.