$1,149,000 - 189 Queen Street Unit 7, Cabbagetown
Condo for Sale in Cabbagetown
53 days on market- MLS Number
- C13039142
- Property Type
- Condo
- Status
- active
- Days on Site
- 53
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- None
- Exposure
- East
- Balcony
- Terrace
- Listing Brokerage
- RE/MAX HALLMARK REALTY LTD.
Welcome to the iconic live/work Boiler Factory Lofts at 189 Queen St E--a boutique heritage conversion w/ just 11 exclusive units. This one-of-a-kind, 1300+ sq ft, 2-storey hard loft w/ mezzanine, rare 1+2 bedroom layout, 2 full washrooms, & a rooftop terrace blends historic character w/ modern living. Authentic post & beam construction showcases exposed brick, original wood beams, reclaimed industrial lighting, & soaring 14-foot ceilings w/ oversized factory-style windows. The lower level, w/ its own private entrance, features a primary suite w/ walk-in closet, 3-piece ensuite washroom, & attached den/office (potential 2nd bedroom). Finished w/ hardwood floors, exposed beams, sliding warehouse doors, & a spacious foyer w/ industrial lighting. Includes ensuite laundry & a 4-piece guest washroom w/ cement countertop, porcelain tile, & wood slat ceiling. Upstairs, the main level impresses with soaring 14-foot ceilings, exposed beams, brick, & ductwork. The open-concept living/dining/lounge space is anchored by an island kitchen w/ herringbone vinyl flooring, stainless steel appliances, gas stove, & quartz countertop/backsplash. A separate entrance adds flexibility, while a forest-themed light installation creates a unique focal point. Perched above is a 135+ sq ft loft offering flexible space for sleeping or relaxing, w/ ladder access to the expansive east-facing rooftop terrace (330+ sq ft), fully fenced & ideal for dining or entertaining. The terrace can also be accessed through the common stairway. Located downtown w/ unbeatable access--steps to St. Lawrence Mkt, Eaton Centre, Distillery & Financial Districts, plus top dining & nightlife. The upcoming Ontario Line stop across the street will further enhance connectivity & long-term value. Moss Park is undergoing major revitalization, including a new recreation centre, pools, track, & redesigned green space. A rare chance to own a piece of Toronto's industrial history--perfect for those who refuse the ordinary.
Estimate your monthly payments for this property
Estimated Payment
$5,082.41/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.
189 Queen Street Unit 7, 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
Fair Market Value
At $958/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.
Negotiation Opportunity
At 53 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.
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 $4,788 (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.