$1,549,000 - 254A Carlton Street, Cabbagetown
Semi-Detached for Sale in Cabbagetown
133 days on market- MLS Number
- C12539102
- Property Type
- Semi-Detached
- Status
- active
- Days on Site
- 133
- Bedrooms
- 6
- Bathrooms
- 3
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Listing Brokerage
- KELLER WILLIAMS ADVANTAGE REALTY
Like 2 houses in 1! Grand 4+2 Bedroom, 3 Bathroom century home available for sale in historic Cabbagetown. This incredibly versatile property contains two large, self-contained re-wired, re-plumbed bi-level units under one roof, allowing for an array of options. Opportunities await for investors, families seeking a wonderful multi-generational home, or first-time buyers looking to supplement with extra income. The main floor unit, renovated in 2022, contains a private entrance to a fantastic apartment with a new kitchen, renovated bathrooms on each floor, new flooring and new closets. The main-floor primary bedroom contains a walk-out to the spacious fenced yard. The character-laden living and dining area boasts hardwood floors, a stunning decorative fireplace, a large window and built-in shelving. The spiral staircase leads to the full-height lower-level with two bedrooms, abundant storage, a laundry area, and a walk-out to the garden. The charming upper level second and third floor unit, renovated in 2017, has a private entrance with a great front porch. The eat-in kitchen has recent counter-tops and back-splash. There are three spacious bedrooms (one with a bay window and stacked ensuite laundry), and a big bathroom with a claw-foot soaker tub. The upper level has great bones, but the interior is dated and will shine after cosmetic updates. The light-filled third floor living room opens out to a huge deck showcasing roof-top city skyline views. This absolute gem is perfectly placed in a convenient Cabbagetown location that's mere steps to multiple transit stops. The tree-lined neighbourhood brims with family-friendly amenities: Riverdale Petting Zoo, Riverdale Park, schools, shops, restaurants, a great community centre, and so much more. This unique opportunity is not to be missed!
Estimate your monthly payments for this property
Estimated Payment
$6,851.75/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.
254A Carlton 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
Competitive Pricing
At $620/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Negotiation Opportunity
At 133 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.
Detached Home Advantages
Detached homes in Cabbagetown are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Excellent Flexibility
With 6 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 $6,454 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.