$1,190,000 - 138 Downes Street Unit 6908, Cabbagetown
Condo for Sale in Cabbagetown
63 days on market- MLS Number
- C13010528
- Property Type
- Condo
- Status
- active
- Days on Site
- 63
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 900 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Lot Size
- 2 sqft
- Locker
- None
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- ROYAL LEPAGE NRC REALTY
Welcome to Sugar Wharf Condos, one of Toronto's most prestigious waterfront addresses. Perched high on the 69th floor, Suite 6908 at 138Downes Street delivers an elevated lifestyle defined by scale, sophistication, and long-term value. This spacious, thoughtfully designed residence showcases modern luxury finishes throughout-clean architectural lines, floor-to-ceiling windows, and refined materials that reflect contemporary urban elegance. The kitchen is a statement of quiet luxury, featuring paneled, built-in appliances concealed within matching cabinetry, perfectly hidden in plain sight. The open-concept layout maximizes both functionality and flow, creating a seamless balance between everyday comfort and upscale entertaining. Natural light pours in, enhancing the sense of volume and highlighting the quality craftsmanship at every turn. A generously sized den (8' x 10'), upgraded with a full glass door, offers exceptional flexibility and is currently used as a third bedroom, home office, or private guest space. The building itself sets a new benchmark for luxury condominium living. Residents enjoy hotel-inspired amenities, including a state-of-the-art fitness center, indoor swimming pool, elegant lounge spaces, co-working areas, and 24-hour concierge service. Every detail has been curated to support a high-performance, low-friction lifestyle. Location is a strategic differentiator. Situated in Toronto's dynamic East Waterfront, Sugar Wharf offers immediate access to the Financial District, Union Station, the Harbour-front, and major transit routes. A future connection to the PATH system further strengthens long-term convenience and investment appeal, seamlessly linking residents to downtown offices, shopping, and dining-without stepping outdoors. This is not just a home; it's a future-forward asset in one of Toronto's most ambitious master-planned communities-where luxury, connectivity, and waterfront living converge.
Estimate your monthly payments for this property
Estimated Payment
$5,263.77/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.
138 Downes Street Unit 6908, 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 $1322/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 63 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 900 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.
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.
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 $4,958 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.