$3,150,000 - 155 Merchants' Wharf N/A Unit 214, Cabbagetown
Condo for Sale in Cabbagetown
108 days on market- MLS Number
- C12762862
- Property Type
- Condo
- Status
- active
- Days on Site
- 108
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 2,250 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- None
- Exposure
- West
- Balcony
- Open
- Listing Brokerage
- ROYAL LEPAGE REAL ESTATE SERVICES PHINNEY REAL ESTATE
Discover unparalleled resort-style living on Torontos waterfront in the vibrant Queens Quay neighbourhood.Tridels latest waterfront masterpiece is just steps away from the scenic promenade, Cherry Beach, and the iconic Waterfront Trail. The striking architecture of this development adds a bold presence to Torontos Port Lands, with a host of world-class amenities that cater to your every need. Enjoy access to a state-of-the-art fitness centre, multiple elegant lounges, 24/7 concierge service, and a breathtaking rooftop deck with a pool and expansive entertaining spaces that offer panoramic views of the water and skyline.This exceptional two-storey residence, spanning over 2,400 square feet, showcases exquisite finishes throughout. The expansive main level is highlighted by a gourmet two-tone kitchen featuring top-tier appliances and a large waterfall island, perfect for both cooking and entertaining. The spacious living room seamlessly flows out to a generous terrace overlooking the serene beauty of Lake Ontario. Upstairs, a large private balcony accessible from two bedrooms offers sweeping water views. The primary suite is a true retreat, with a walk-in closet, a second closet, and a luxurious spa-inspired ensuite complete with double sinks, a freestanding tub, a glass-enclosed shower, and a private toilet.A secluded den with large sliding doors offers the ideal space for an office or guest bedroom. The second floor also features a convenient laundry room and ample storage, ensuring comfort and practicality.At Aqualuna, theres no need to leave the city to experience the tranquility of a resortits all right here, waiting for you.
Estimate your monthly payments for this property
Estimated Payment
$13,933.51/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.
155 Merchants' Wharf N/A Unit 214, 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 $1400/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 108 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.
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 $13,125 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.