$1,999,995 - 39 Sherbourne Street Unit 1606, Cabbagetown
Condo for Sale in Cabbagetown
- MLS Number
- C13098756
- Property Type
- Condo
- Status
- active
- Days on Site
- 29
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,800 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- Exclusive
- Exposure
- South West
- Balcony
- Terrace
- Listing Brokerage
- BOSLEY REAL ESTATE LTD.
In a city full of cookie-cutter condos, this residence stands apart - an example of architecture applied to everyday living. Welcome to PH1606 at Kings + Condos, a custom-designed two-level urban residence offering nearly 2,000 sq ft of interior living space plus two private terraces and 2 balconies. This home blends architectural design, intelligent technology, and elevated comfort. The interior was custom designed in collaboration with Wanda Ely Architects and features bespoke millwork in the dining room, a custom media wall with Ecosmart fireplace, and exceptional storage including custom dressing spaces, a dedicated walk-in wardrobe, and built-in jewelry and shoe cabinetry. A fully integrated Savant smart home system powers distributed audio throughout the residence, including bathrooms and the lower terrace, while controlling televisions and lighting seamlessly throughout the home. The kitchen is designed for both everyday living and entertaining, featuring an enlarged refrigerator, 5-burner cooktop, and a full walk-in pantry. A rare full laundry room with oversized sink adds an additional layer of functionality seldom found in downtown residences. Outdoor living has been elevated through two professionally designed terraces by Earth Inc.. The lower terrace features custom stone flooring, lighting, gas and water connections, and wired sound. The upper terrace offers custom wood flooring and a gas-line firepit - creating true outdoor rooms rather than typical condo balconies. Each room features its own thermostat for personalized heating and cooling, and the suite includes a private A/C unit independent from the building, allowing cooling year-round. Perfectly positioned for urban convenience with quick access to both the Gardiner Expressway and Don Valley Parkway. Walk to groceries, shopping, and some of the city's best dining. This residence isn't just about space, it's about living an elevated lifestyle in the heart of Toronto.
Estimate your monthly payments for this property
Estimated Payment
$8,846.65/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.
39 Sherbourne Street Unit 1606, 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 $1111/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.
Market Position
At 29 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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.
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 $8,333 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.