$738,000 - 33 Mill Street Unit 1502, Cabbagetown
Condo for Sale in Cabbagetown
63 days on market- MLS Number
- C12994132
- Property Type
- Condo
- Status
- active
- Days on Site
- 63
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- Owned
- Exposure
- North East
- Balcony
- Open
- Listing Brokerage
- RE/MAX HALLMARK REALTY LTD.
Space, Light + Outdoor Living ~ come and claim a truly unforgettable corner residence perched high above the cobblestone streets in the heart of Toronto's iconic Distillery District. #1502 - 33 Mill Street, once you see it, you'll know this is the one! Sunlight streams through Floor-to-Ceiling windows that wrap around the entire suite, filling every room with warmth and showcasing breathtaking northeast views over the historic Distillery District and urban city vistas beyond. The open-concept kitchen, living, and dining area was made for hosting - seamless, spacious, and effortlessly stylish - with rich hardwood floors running throughout to create a polished, cohesive feel. Then there's the showstopper, an extraordinary 21FT full width terrace that completely transforms how you live. Morning coffee at sunrise, summer dinners under the open sky, evening drinks with the city lights glowing around you - this is outdoor space on a scale that's almost impossible to find downtown. The thoughtfully designed split-bedroom layout offers privacy and flexibility. The primary suite is a calming retreat with 2 closets and a spa-inspired 4PC en-suite. The second bedroom, enclosed with sliding frosted doors and complete with a generous closet, easily doubles as a sophisticated work-from-home office or guest space. With one underground parking space (Level B, #91) and one storage locker (P3, #173), convenience is built in. Step outside and everything you need is at your doorstep - 24-hour TTC service, the newly opened Shoppers Drug Mart at Cherry and Front, the renowned St. Lawrence Market, and the vibrant Financial District, along with countless shops, cafes, and restaurants. "#1502 - where home + community beautifully converge, and charm, culture, cafes, and city energy make this the perfect place to live, love, and emerge."
Estimate your monthly payments for this property
Estimated Payment
$3,786.32/mo
Includes CMHC insurance ($20,590)
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.
33 Mill Street Unit 1502, 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 $1054/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 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.
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 $3,075 (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.