$18,800/mo - 29 Queen Quay N/A Unit PH1304, Cabbagetown
Condo for Rent in Cabbagetown
63 days on market- MLS Number
- C12997826
- Property Type
- Condo
- Status
- active
- Days on Site
- 63
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 4,000 - 4,499 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- Owned
- Exposure
- South
- Balcony
- Terrace
- Listing Brokerage
- ROYAL LEPAGE REAL ESTATE SERVICES NANCY SAEDI
Experience True Waterfront Luxury In This Rare Corner Penthouse Residence At Prestigious Pier 27, Located At 29 Queens Quay East In The Heart Of Toronto's Vibrant Waterfront. This Exceptional Suite Offers Breathtaking, Unobstructed Lake Views Through Expansive Floor-To-Ceiling Windows, Filling The Space With Natural Light From Multiple Exposures And Creating A Seamless Indoor-Outdoor Connection.Showcasing A Striking Architectural Design With Signature Exposed Structural Beams, This One-Of-A-Kind Corner Penthouse Features A Grand Open-Concept Layout With Generous Living And Dining Areas Ideal For Both Everyday Living And Sophisticated Entertaining. The Designer Kitchen Is Equipped With Premium Built-In Appliances, Sleek Cabinetry, And A Large Centre Island Perfect For Hosting.The Elegant Living Space Is Anchored By A Modern Fireplace And Flows Effortlessly To An Expansive Private Terrace Overlooking The Water-Perfect For Outdoor Dining, Entertaining, And Enjoying Panoramic Lake Views. Spacious Principal Rooms Offer Comfort And Privacy, While High-End Finishes And Thoughtful Details Elevate The Overall Living Experience.Includes Two Premium Parking Spaces With The Rare Ability To Accommodate A Third Vehicle, Offering Exceptional Convenience In A Luxury Waterfront Setting.Residents Enjoy World-Class Amenities Including Indoor And Outdoor Pools, Fitness Centre, Spa Facilities, Party Room, And 24-Hour Concierge. Situated Steps To The Waterfront Promenade, Sugar Beach, Parks, Restaurants, And Minutes To The Financial District And Union Station.A Rare Opportunity To Own A Signature Corner Penthouse Offering Unmatched Views, Design, And Lifestyle.
Estimate your monthly payments for this property
Estimated Payment
$96.45/mo
Includes CMHC insurance ($525)
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.
29 Queen Quay N/A Unit PH1304, Regent Park / Cabbagetown / St. James Town
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How this lease stacks up against the local rental market
Estimated Monthly Budget
Things to Confirm Before Signing
· Are utilities included, or separate?
· How many parking spots are included?
· Is the landlord open to a 1-year or 2-year lease?
· Are pets and small renovations (paint, hooks) allowed?
· When was the last rent increase, if there is a prior tenant?
Utility estimates are approximate and vary by season, habits, and what the landlord includes. Always confirm inclusions with the listing agent.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Above Market Rent
At $18,800/mo, this is asking above the typical 4-bedroom rent of ~$4,200/mo in Cabbagetown. That premium needs to be justified — newer finishes, included parking, a premium location, or utilities included. I'll help you assess whether it's worth it or whether there's room to negotiate.
Negotiation Opportunity
At 63 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.
Larger Home Realities
At 4,000 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Cabbagetown. Good resale value as demand remains consistent.
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.