$999,888 - 251 Ontario Street, Cabbagetown
Townhouse for Sale in Cabbagetown
43 days on market- MLS Number
- C13081576
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 43
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Listing Brokerage
- KINGSWAY REAL ESTATE
OPEN HOUSE, This Sunday May 10th from 2-4pm. Welcome to Ontario Street - a charming, tree-lined enclave in the heart of vibrant South Cabbagetown. Nestled in a warm, family-friendly community, this beautifully maintained three-storey home offers the perfect blend of character, comfort, and urban convenience. Step inside to a light-filled, inviting living space designed for both relaxation and everyday living. The cozy living room sets the tone with its warm ambiance, perfect for quiet evenings at home. The elegant dining area features soaring ceilings, creating an airy and sophisticated space ideal for hosting, complemented by a charming breakfast nook for casual meals. The bright, thoughtfully designed kitchen is equipped with stainless steel appliances and offers a seamless walk-out to a private deck - perfect for summer dining, morning coffee, or entertaining guests. Upstairs, the third-floor primary retreat is a true sanctuary. Bathed in natural light, it features a spacious walk-in closet and a spa-inspired 5-piece ensuite, creating a peaceful escape from the bustle of the city. The second-floor bedroom is currently styled as a welcoming family room and home office, offering flexible living space to suit your needs. A third bedroom provides the perfect setting for a nursery, child's room, or guest space. This home has been thoughtfully updated with newer windows, roof, and appliances, ensuring both comfort and peace of mind. With an exceptional 99 walk and bike score, you're steps from the best of city living - including St. Lawrence Market, the Distillery District, Corktown, and the Canary District. Enjoy easy access to transit today, with the future Ontario Line set to make commuting even more seamless. Set in one of Toronto's most sought-after and evolving neighbourhood, known for its strong sense of community and picturesque streets, this home offers a rare opportunity to enjoy space, style, and connection in the heart of the city.
Estimate your monthly payments for this property
Estimated Payment
$5,129.94/mo
Includes CMHC insurance ($27,897)
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.
251 Ontario 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 $909/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 43 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.
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 $4,166 (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.