$519,900 - 320 Richmond Street Unit 208, Cabbagetown
Condo for Sale in Cabbagetown
Popular Listing- MLS Number
- C13248106
- Property Type
- Condo
- Status
- active
- Days on Site
- 8
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- None
- Exposure
- West
- Balcony
- Open
- Listing Brokerage
- INTERNATIONAL REALTY FIRM, INC.
Welcome to The Modern! This bright and functional 1 bedroom plus den suite on the west side of the building offers an efficient open-concept layout, covered balcony, and beautiful city views. A great option for first-time buyers, professionals, investors, or anyone looking for a well-located downtown home with strong lifestyle convenience. The suite features a modern kitchen with stainless steel appliances, floor-to-ceiling windows, a generous walk-in closet, new vinyl plank flooring, and a versatile den ideal for a home office, guest space, or additional storage. Enjoy an impressive amenity package including rooftop plunge pool, jacuzzi, rooftop patio, sauna, steam room, gym, party room, guest suites, yoga room, billiards room, and more. Exceptional downtown connectivity with a Walk Score of 99, Transit Score of 100, and Bike Score of 98 - daily errands, commuting, shopping, dining, and entertainment are all easily accessible without relying on a car. Steps to TTC streetcar and bus routes, the planned Ontario Line, St. Lawrence Market, Distillery District, Eaton Centre, George Brown College, Toronto Metropolitan University, the Waterfront, Financial District, Cabbagetown South, and Corktown. A well-appointed suite in a highly connected downtown location offering excellent value in today's market.
Estimate your monthly payments for this property
Estimated Payment
$2,667.36/mo
Includes CMHC insurance ($14,505)
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.
320 Richmond Street Unit 208, 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 $743/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.
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 700 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 $2,166 (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.