$1,528,000 - 2 Monteith Street, Cabbagetown
Townhouse for Sale in Cabbagetown
34 days on market- MLS Number
- C13099606
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 34
- Bedrooms
- 7
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Listing Brokerage
- CENTURY 21 LEADING EDGE REALTY INC.
Charming, fully renovated Victorian in the heart of Church & Wellesley Village, blending timeless character with modern convenience in one of downtown Toronto's most sought-after locations - a setting that truly cannot be beat. Surrounded by parks, transit, restaurants, cafés, shops, and cultural landmarks, this vibrant neighbourhood offers unmatched convenience, lifestyle, and long-term value. This versatile 3-storey residence offers over 2,300 sq. ft. of thoughtfully designed living space, featuring 6 +1 spacious bedrooms, 3 full bathrooms, 2 full kitchens, and a fully self-contained basement suite with private income potential. Extensive upgrades include updated plumbing, electrical, furnace, A/C, and an owned tankless water heater, providing peace of mind for years to come. Enjoy exceptional outdoor living with both rooftop and backyard patios, perfect for entertaining or relaxing in the city. The basement suite currently generates approximately $1,800/month in supplemental income, making this an ideal opportunity for homeowners and investors alike. The property also boasts a proven track record as a successful bed & breakfast operation, offering exceptional future income potential as a boutique hospitality business or premium short-term rental opportunity for the right operator. Located directly across from a park and just steps to transit, shops, dining, TMU, and everything downtown Toronto has to offer, this is a rare opportunity to own a character-filled property with outstanding lifestyle appeal and remarkable investment potential in the city's core.
Estimate your monthly payments for this property
Estimated Payment
$6,758.86/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.
2 Monteith Street, 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 $1019/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.
Market Position
At 34 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Townhouse Benefits
Townhouses offer an excellent balance of space and maintenance. You get more room than a condo with lower upkeep than a detached home. Key things to verify: whether it's freehold or condo-titled (affects fees and rules), and the condition of shared walls for noise considerations. Townhouses in Cabbagetown have shown strong appreciation as families seek more space.
Excellent Flexibility
With 7 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Cabbagetown.
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.
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 $6,367 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.