$415,000 - 197 Yonge Street Unit 2412, Cabbagetown
Condo for Sale in Cabbagetown
59 days on market- MLS Number
- C13017782
- Property Type
- Condo
- Status
- active
- Days on Site
- 59
- Bedrooms
- 0
- Bathrooms
- 1
- Square Feet
- N/A sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- None
- Exposure
- North West
- Balcony
- Open
- Listing Brokerage
- REVEL REALTY INC.
Welcome to elevated urban living at 197 Yonge St, Suite 2412 - a bright and modern studio perfectly designed for those who want to be in the heart of downtown Toronto. Perched on a high floor with sweeping city views, this thoughtfully laid-out unit features 9' ceilings, floor-to-ceiling windows, a contemporary kitchen with quartz countertops, and a functional layout that maximizes both living and sleeping space.This is an excellent turnkey investment opportunity with a tenant already in place, offering immediate rental income from day one. Buyer to assume existing tenant.Ideally located directly across from the Eaton Centre and Yonge-Dundas Square, with immediate access to Queen Subway Station, the Financial District, Toronto Metropolitan University, University of Toronto, St. Michael's Hospital, and endless dining, shopping, and entertainment.Residents enjoy access to premium amenities including a 24-hour concierge, rooftop lounge, garden terrace, guest suites, and more.Whether you're looking to grow your portfolio or secure a centrally located asset, this unit represents exceptional value in one of Toronto's most sought-after locations.
Estimate your monthly payments for this property
Estimated Payment
$2,129.17/mo
Includes CMHC insurance ($11,579)
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.
197 Yonge Street Unit 2412, 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
Negotiation Opportunity
At 59 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.
Efficient Living
At 0 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
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.