$1,575,000 - 20 Lombard Street Unit 4202, Cabbagetown
Condo for Sale in Cabbagetown
New — Listed 4 days ago- MLS Number
- C13155600
- Property Type
- Condo
- Status
- active
- Days on Site
- 4
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,400 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- Owned
- Exposure
- South East
- Balcony
- Open
- Listing Brokerage
- HOMELIFE NEW WORLD REALTY INC.
Welcome to the 20 Lombard SkySuite Collection, perfectly situated at the vibrant heart of Yonge and Richmond. This luxurious corner residence offers a sophisticated 2-bedroom plus den and 3-bathroom layout, encompassing 1,482 square feet of interior luxury complemented by an expansive 463-square-foot wraparound balcony. The stunning suite is defined by floor-to-ceiling windows that flood the open-concept living space with natural light while providing panoramic skyline views. Within the expansive living area, a modern linear fireplace is elegantly set against a custom wood-paneled feature wall, creating a warm and inviting atmosphere for entertaining. The home has been meticulously elevated with over $200,000 in premium upgrades, including custom wood-paneled walls that feature integrated storage and shelving along with a custom wall-mount TV cutout. The chef-inspired kitchen is anchored by a professional Wolf stove, built-in appliances and exquisite leathered quartzite surfaces. Throughout the residence, you will find premium hardwood flooring and custom-built closets, while the bathrooms have been refined with upgraded 1-foot by 2-foot floor tiles. This home represents a rare opportunity for those seeking a turn-key masterpiece in one of the city's most coveted locations.
Estimate your monthly payments for this property
Estimated Payment
$6,966.76/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.
20 Lombard Street Unit 4202, 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.
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.
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 $6,563 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.