$689,000 - 39 Parliament Street Unit 314, Cabbagetown
Condo for Sale in Cabbagetown
New — Listed yesterday- MLS Number
- C13234324
- Property Type
- Condo
- Status
- active
- Days on Site
- 1
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- None
- Exposure
- South East
- Balcony
- Open
- Listing Brokerage
- SAGE REAL ESTATE LIMITED
Top 8 reasons you'll love this home! 1. 1,177 Square Feet of Liveable Space - In a city where downtown square footage feels like it gets smaller every year, this suite is genuinely refreshing. 2. Space Where You Need It Most - The layout gives you a dining area and a living room with real breathing room, two spacious bedrooms with built-in closets on opposite ends of the suite, and a den off the primary bedroom that works beautifully as a home office, or private retreat depending on what your life looks like. 3. A Kitchen With Room to Grow - Generous in size and functional as-is, but if you've ever wanted to put your own stamp on a space, the square footage here gives you genuine options that most downtown condos simply don't. 4. Southeast Corner With All-Day Light - This suite catches the sunrise and holds the light throughout the day, with a balcony large enough for patio furniture and a container garden, giving you an outdoor extension of your home that you'll actually use. 5. A Home Without Barriers - Fully wheelchair accessible, which is a meaningful bonus. The building was designed to be inclusive and welcoming for everyone, with wide hallways and accessibility features throughout, and there's an on-site March of Dimes office offering optional support services for residents who want them. 6. Rooftop Terrace With Skyline Views - Take the elevator up to the 11th floor and the entire Toronto skyline opens in front of you, with the CN Tower front and center and a view that makes you remember why you wanted to live downtown in the first place. 7. Strong Sense of Community - Residents consistently rave about the active social committee, welcoming atmosphere, and true sense of connection that makes this condo feel like more than just a place to live. 8. The Distillery District Is Your Backyard - Cobblestone streets, restaurants, galleries, theatre, and waterfront trails, this is a home that gives you the full Toronto experience without asking you to give anything up.
Estimate your monthly payments for this property
Estimated Payment
$3,534.93/mo
Includes CMHC insurance ($19,223)
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.
39 Parliament Street Unit 314, 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 $689/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Cabbagetown's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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 $2,871 (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.