$749,000 - 225 Sumach Street Unit 2703, Cabbagetown
Condo for Sale in Cabbagetown
55 days on market- MLS Number
- C13022746
- Property Type
- Condo
- Status
- active
- Days on Site
- 55
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 800 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- Exclusive
- Exposure
- South East
- Balcony
- Open
- Listing Brokerage
- RE/MAX REALTRON REALTY INC.
Welcome To Your Urban Retreat At 225 Sumach St 2703, Where Chic City Living Awaits! This Stunning 2-bedroom Plus Den, 2-bathroom Corner Unit Spans 878 Square Feet, Complete With An Extra-large Balcony Perfect For Sunny Brunches Or Evening Cocktails. $$$$ Upgrades Spent On Brand New Flooring, Freshly Paint All Walls, Brand New Kitchen Counter-top And Island. Step Into A Modern Kitchen That's A Culinary Dream With Integrated Appliances Seamlessly Flowing Into A Cozy Living And Dining Area Ideal For Entertaining. The Primary Bedroom Is Your Personal Sanctuary, Featuring A Luxurious Ensuite Washroom. But The Fun Doesn't Stop At Your Door! The Building Boasts Amenities Like A Gym, 24-hour Concierge, Guest Suites, A Party Room, A Games Room, A Rooftop Deck With A Kids' Play Area And Visitors' Parking! Nestled In A Vibrant Neighborhood, You'll Find Every Amenity You Desire Gyms, Trendy Restaurants, Cozy Cafes, And More. For The Commuter, The Dvp And Gardiner Expressway Are A Short Drive Away And Several TTC Options Are Within Steps. Dive Into A Lifestyle Where Comfort Meets Convenience, And Make This Beautiful Corner Unit Your Own! A Must See And Buy!
Estimate your monthly payments for this property
Estimated Payment
$3,842.76/mo
Includes CMHC insurance ($20,897)
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.
225 Sumach Street Unit 2703, 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 $936/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 55 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 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 $3,121 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.