$549,990 - 130 River Street Unit 1601, Cabbagetown
Condo for Sale in Cabbagetown
- MLS Number
- C13150314
- Property Type
- Condo
- Status
- active
- Days on Site
- 21
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 600 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- Exclusive
- Exposure
- East
- Balcony
- Terrace
- Listing Brokerage
- CENTURY 21 GREEN REALTY INC.
Experience elevated downtown living at its finest - Suite 1601 at 130 River Street, Artworks Tower in the heart of Regent Park. This beautifully designed 1 Bedroom + Den offers the perfect blend of style, functionality, and value - ideal for professionals, first-time buyers, or investors looking for long-term potential in one of Toronto's fastest-growing communities. Step inside and you'll immediately appreciate the modern open-concept layout featuring laminate flooring throughout, a sleek contemporary kitchen with built-in appliances, quartz countertops, and a functional island perfect for cooking, dining, and entertaining. The bright living and dining area flows seamlessly to a spacious east-facing balcony, offering beautiful natural light with unobstructed views making it the perfect spot to enjoy your morning coffee or unwind after a busy day. The primary bedroom is bright and spacious with large windows and a mirrored double closet, while the versatile den provides endless flexibility - ideal for a home office, nursery, guest space, or personal retreat. Practical features that add real value include: 1 Parking spot conveniently located near the elevator and 1 Storage locker for added everyday convenience. Residents enjoy access to exceptional building amenities including: 24/7concierge, fully equipped fitness center, co-working lounge, rooftop terrace with BBQs and skyline views, party/games room, kids' play area, bike storage, and visitor parking. Unbeatable location with TTC at your doorstep, quick access to the DVP & Gardiner, and steps to everyday essentials including FreshCo, Shoppers Drug Mart, Tim Hortons, parks, and recreation facilities. Just minutes to the Distillery District, Eaton Centre, TMU, St. Lawrence Market, and Toronto's Financial District. Why this condo stands out: modern building, functional layout, parking + locker, and incredible value in a thriving downtown neighborhood with strong future growth potential. OPEN HOUSE, MAY 23, 2pm-4pm
Estimate your monthly payments for this property
Estimated Payment
$2,821.73/mo
Includes CMHC insurance ($15,345)
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.
130 River Street Unit 1601, 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 $917/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 21 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 600 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 $2,292 (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.