$1,595,000 - 159 Frederick Street Unit 601, Cabbagetown
Condo for Sale in Cabbagetown
82 days on market- MLS Number
- C12919588
- Property Type
- Condo
- Status
- active
- Days on Site
- 82
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 2,750 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- Ensuite
- Exposure
- East West
- Balcony
- Open
- Listing Brokerage
- RE/MAX HALLMARK BIBBY GROUP REALTY
An Iconic & Timeless Residence, This Expansive, Three-Bedroom 2900 Square Foot Suite Situated Just StepsFrom The Iconic St. Lawrence Market Provides An Unrivaled Living Experience! Complimented By Tranquility, Exclusivity And Privacy, The Home Is One Of Only Two Situated On The Sixth Floor. The Rarely Offered, East & West Exposures Provides Abundance Of Natural Light & Tranquil Views Throughout From Five Detached Private Balconies. The Impressive, Airy Living Room Is Ideal For Entertaining On Any Scale And Features Exceptional West Views, A Rare Wood Burning Fireplace & Custom Millwork. The Generous Adjacent Grand Dining Room Is Perfect For All Downsizers Looking To Host Family. The Enclosed Eat-In Contemporary Kitchen Includes Full-Sized Appliances, A Convenient Breakfast Bar As Well As A Balcony Which Permits Barbecues. All Three Bedrooms Feature Private Balconies. The Expansive Primary Bedroom Retreat Includes A Six Piece Spa-Like Ensuite Bathroom & Large Walk-In Closet. The Large Second Bedroom Is Perfect For All Guests Or Large Families. The Third Bedroom Is A Wonderful Solution For Those In Need Of A Large Home Office, Family Room Or Additional Sleeping Quarters. The Residence Includes A Convenient Separate Laundry Room. World Class Location! Offering A Fifteen Minute Lifestyle, The Home Offers The Convenience Of The St. Lawrence Market Being One Block Away, As Well As Easy Access To Berczy Park, Meridian Hall, The Upcoming Ontario Line, Financial & Distillery Districts, Highly Coveted Restaurants & Shops, Union Station, Martin Goodman Trail & The Harbourfront!
Estimate your monthly payments for this property
Estimated Payment
$7,055.22/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.
159 Frederick Street Unit 601, 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 $580/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.
Negotiation Opportunity
At 82 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.
Larger Home Realities
At 2,750 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
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.