$1,875,000 - 360 Wellesley Street, Cabbagetown
Townhouse for Sale in Cabbagetown
116 days on market- MLS Number
- C12780176
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 116
- Bedrooms
- 5
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Listing Brokerage
- REAL BROKER ONTARIO LTD.
This beautiful 4-bedroom home blends historic character with a carefully curated 2021 designer renovation by Jillian Douglas Design. From the moment you step inside, soaring 10-foot ceilings, expansive windows, and wide-plank engineered white oak floors create a bright, airy elegance. Original details have been preserved to enhance the timeless Victorian charm, seamlessly paired with thoughtful renovations that bring a contemporary edge. The main floor offers spacious principal rooms, a stylish 2-piece powder room adds convenience, while the fully renovated kitchen is complete with premium appliances, custom cabinetry, and a built-in banquette , and walks out to a private deck & garden. Upstairs, the second floor continues the thoughtful design with custom closets, a renovated bathroom featuring an oversized custom vanity. Also features 2nd floor built-in laundry closet with a stacked washer/dryer. Looking upward, architectural drawings are already completed for a stunning third-floor primary retreat with unobstructed north views. The lower level offers exceptional flexibility, with a spacious one-bedroom (760 sf), separate residential unit featuring its own front entrance and an additional rear exit to the backyard. Approved by the Committee of Adjustment (1991), basement underpin (1989), and renovation with a building permit (1992) for the basement conversion to a second unit. The basement apartment will be vacant as of April 1/26. Option to rent the basement unit to help pay the mortgage or renovate and bring the space back into the main house. Also perfect as an in-law or nanny suite. A street parking permit makes parking a breeze and keeps the backyard space for fun and relaxation, or potential future laneway parking (subject to City approval). OPEN HOUSE THIS WEEKEND!
Estimate your monthly payments for this property
Estimated Payment
$8,293.76/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.
360 Wellesley 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
Premium Pricing
At $1250/sqft, this property is priced above the Cabbagetown average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Negotiation Opportunity
At 116 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.
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.
Excellent Flexibility
With 5 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 $7,813 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.