$974,900 - 155 Dalhousie Street Unit 655, Cabbagetown
Condo for Sale in Cabbagetown
- MLS Number
- C13171794
- Property Type
- Condo
- Status
- active
- Days on Site
- 21
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- None
- Exposure
- West
- Balcony
- None
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Welcome to suite #655 in the highly-sought after Merchandise Lofts Building! This stunning 2bed + 2wash authentic hard-loft boasts a 1325sqft open-concept floor plan showcasing 12ft ceilings throughout, exposed ductwork & columns, polished concrete floors, and the impressive west-facing wall full of warehouse-style windows, flooding the space with natural light and providing front row seats to gorgeous sunset views. The designer kitchen is the heart of the unit and perfect for both everyday living and entertaining family & friends; featuring solid wood cabinetry, a massive waterfall center island, quartz countertops, beautiful herringbone backsplash and stainless steel appliances. The spacious primary suite includes ample closet space and a private 3-piece ensuite, while the second bedroom, a similar size, can also be used as a functional home office. Front entranceway provides a large closet & oversized laundry/ ensuite storage room. Premium industrial-style light fixtures throughout. 1 parking space included!! Merchandise Lofts comes steeped in Toronto history; formerly being the home of Simpson's Department Store Warehouse & Simpson's Sears before being converted to residential hard-lofts in 1999. It also comes with an excellent location right in the center of the city! Walking distance to Yonge & Dundas Square, Allan Gardens Park, Toronto's PATH system, as well as many award-winning restaurants and top-notch cafés, patios, galleries, shopping, groceries and other neighborhood amenities. Very convenient for public transit (Yonge & Dundas Subway stop & street cars). This unit offers the ultimate urban lifestyle for young professionals seeking style, convenience, and character. Dont miss out! See Feature Sheet for more details.
Estimate your monthly payments for this property
Estimated Payment
$5,001.74/mo
Includes CMHC insurance ($27,200)
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.
155 Dalhousie Street Unit 655, Regent Park / Cabbagetown / St. James Town
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Rental income estimator & ROI calculator
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 $812/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.
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 $4,062 (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.