$899,900 - 197 Yonge Street Unit 3109, Cabbagetown
Condo for Sale in Cabbagetown
New — Listed yesterday- MLS Number
- C13015386
- Property Type
- Condo
- Status
- active
- Days on Site
- 1
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 800 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- None
- Exposure
- South West
- Balcony
- Open
- Listing Brokerage
- CENTURY 21 MYPRO REALTY
Experience the finest unobstructed VIEWs in the city from this rarely offered, sun-drenched SW corner suite, rare 3 Bedroom layout. Wake up each morning to spectacular panoramic CN Tower and Lake Ontario views. Filled with abundant natural light throughout the day thanks to its prime SW exposure and floor-to-ceiling windows, this bright and spacious 3-bedroom corner unit offers an exceptional living experience. Boasting 882 sq ft of interior space plus a generous L-shaped wrap-around balcony ideal for both daily enjoyment and entertaining, the open-concept layout is thoughtfully designed. The primary bedroom and second bedroom each include private ensuite bathrooms, while the designer kitchen features top-of-the-line built-in appliances. The in-suite laundry is equipped with high-end upgraded washer and dryer units for maximum convenience. Every room showcases stunning panoramic views. Located in the heart of downtown, the suite is just steps from Queen and Dundas TTC subway stations, with two major lines at your doorstep. It sits directly across from the Eaton Centre and within easy walking distance to the Financial District, Toronto Metropolitan University, and the University of Toronto. This award-winning building, designed by Hariri Pontarini and Cecconi Simon, provides luxurious 5-star amenities including 24/7 concierge service, a state-of-the-art gym at the Massey Fitness Club, sauna and steam rooms, a sophisticated piano bar and cocktail lounge, a luxury party room, a rooftop patio garden terrace, guest suites, and more. Residents also enjoy the added convenience of an extra-large double-sized locker.For those seeking an elevated downtown lifestyle with million-dollar views, this exceptional suite presents a rare opportunity.
Estimate your monthly payments for this property
Estimated Payment
$4,616.95/mo
Includes CMHC insurance ($25,107)
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 3109, 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 $1125/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Cabbagetown's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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 800 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.
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 $3,750 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.