$549,000 - 220 Victoria Street Unit 1609, Cabbagetown
Condo for Sale in Cabbagetown
93 days on market- MLS Number
- C12894008
- Property Type
- Condo
- Status
- active
- Days on Site
- 93
- Bedrooms
- 1
- Bathrooms
- 2
- Square Feet
- 600 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- Owned
- Exposure
- South West
- Balcony
- Open
- Listing Brokerage
- SVS REALTY INC.
Welcome to this rare corner one-bedroom suite at 220 Victoria Street, perfectly positioned at Yonge & Queen in the vibrant heart of downtown Toronto. This highly sought-after layout offers floor-to-ceiling windows on multiple walls, flooding the space with natural light and showcasing dynamic city views-an exceptional and rarely available feature for a one-bedroom residence. Inside, the suite boasts 9-foot ceilings and elegant hardwood floors throughout, creating a bright, modern, and airy atmosphere. The open-concept living and dining area is ideal for both everyday living and entertaining. Thoughtfully designed for privacy, the unit features a spacious primary bedroom with a private ensuite bath, along with a separate powder room for guests-an uncommon and highly functional addition that enhances both comfort and convenience.Step outside and experience one of Toronto's most connected and energetic neighbourhoods. Just steps to Toronto Metropolitan University (TMU), the Eaton Centre, Yonge-Dundas Square, and an endless selection of restaurants, cafés, and shops. Enjoy easy access to world-class theatres including the Ed Mirvish Theatre and Massey Hall, as well as nearby cultural attractions, entertainment venues, and nightlife.The location is also ideal for professionals, with close proximity to major hospitals and renowned medical research institutions, making it a prime choice for healthcare and academic communities. Everyday essentials are all within walking distance, including grocery stores, fitness centres, and green spaces.Commuting is effortless with less than a 5-minute walk to both Dundas and Queen subway stations, along with multiple streetcar routes at your doorstep, providing seamless access across the city.Whether you're an end-user seeking stylish urban living or an investor looking for a prime downtown asset, this suite delivers exceptional value, convenience, and lifestyle in one of Toronto's most dynamic neighbourhoods.
Estimate your monthly payments for this property
Estimated Payment
$2,816.65/mo
Includes CMHC insurance ($15,317)
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.
220 Victoria Street Unit 1609, Regent Park / Cabbagetown / St. James Town
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
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
Fair Market Value
At $915/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 93 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 600 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.
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 $2,288 (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.