$2,199,000 - 16 Bonnycastle Street Unit 4304, Cabbagetown
Condo for Sale in Cabbagetown
50 days on market- MLS Number
- C13049068
- Property Type
- Condo
- Status
- active
- Days on Site
- 50
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 1,600 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- Owned
- Exposure
- South East
- Balcony
- Terrace
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Perched high above the city on the 43rd floor, this expansive and impeccably updated 3-bedroom residence at 16 Bonnycastle offers a rare blend of luxury, space, and breathtaking panoramic views. Floor-to-ceiling windows wrap the suite in natural light, showcasing unobstructed vistas of the lake and skyline from nearly every room. Designed for both comfort and sophistication, the open-concept layout features modern upgrades throughout, with elegant finishes and generous principal rooms ideal for entertaining or everyday living. The seamless indoor-outdoor flow extends to two private terraces, perfect for morning coffee, sunset dining, or simply taking in the serene waterfront scenery. The spacious primary suite offers a tranquil retreat, complemented by well-appointed secondary bedrooms that provide flexibility for family, guests, or a dedicated home office. Every detail has been thoughtfully curated to elevate the living experience. Located in a prestigious, amenity-rich building, residents enjoy access to world-class facilities including a state-of-the-art fitness centre, outdoor pool, concierge service, party room, and more. Just steps from the waterfront, parks, trails, and vibrant downtown conveniences, this address combines the best of urban living with the calm of lakeside luxury. A truly exceptional offering in one of the city's most sought-after waterfront communities.
Estimate your monthly payments for this property
Estimated Payment
$9,726.92/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.
16 Bonnycastle Street Unit 4304, 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 $1374/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 50 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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Cabbagetown. Good resale value as demand remains consistent.
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 $9,163 (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.