$1,149,000 - 131 George Street, Cabbagetown
Multi-Family for Sale in Cabbagetown
New — Listed 3 days ago- MLS Number
- C13444536
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 3
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Listing Brokerage
- HARVEY KALLES REAL ESTATE LTD.
Welcome to 131 George Street in the heart of Moss Park. Rare opportunity to acquire a legal 3-storey mixed-use duplex with CRE zoning in one of Toronto's fastest-evolving downtown neighbourhoods. Extensively renovated and expanded under current ownership, the property offers approximately 2,063 sq.ft. of versatile living and working space. Currently configured as two fully independent units, the property features a professionally designed 2-level office occupying the second and third floors and a separate 1-bedroom residential suite spanning the main floor and lower level. The office component offers bright open-concept workspaces, private office space, kitchenette facilities, washroom amenities, boardroom space and a spectacular rooftop terrace. The residential suite enjoys a private ground-level patio and is currently tenanted. An exceptional opportunity for owner-users, investors and professionals seeking a distinctive downtown presence. Ideal for professional offices, law firms, accounting practices, consulting firms, design studios, architectural firms, healthcare professionals, therapists, creative agencies and entrepreneurs looking for a flexible live/work environment in Toronto's urban core. Notable improvements include extensive renovations and expansion, modern concrete board and stucco exterior, mostly updated vinyl casement windows, hardwood and laminate flooring, pot lighting, updated HVAC systems and numerous mechanical upgrades throughout. Ideally situated steps to public transit, parks, hospitals, St. Lawrence Market, the Distillery District, the Financial District, George Brown, TMU, the Gardiner Expressway and the Don Valley Parkway. A unique opportunity to acquire a versatile mixed-use asset in one of Toronto's most dynamic and rapidly transforming neighbourhoods.
Estimate your monthly payments for this property
Estimated Payment
$5,082.41/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.
131 George Street, 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 $766/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Cabbagetown's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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 $4,788 (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.