$499,000 - 39 Sherbourne Street Unit 508, Cabbagetown
Condo for Sale in Cabbagetown
92 days on market- MLS Number
- C12894870
- Property Type
- Condo
- Status
- active
- Days on Site
- 92
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 600 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- Owned
- Exposure
- North
- Balcony
- Open
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Wow - what a great apartment! The perfect urban location in Old Toronto, close to St Lawrence Market and the central business district, but away from the chaos of the entertainment district and close to the bike trails, parks and waterfront. This apartment will surprise you with its size and natural light! Floor-to-ceiling windows span across the open plan Living/Dining/Kitchen area which opens to a glass balcony. The kitchen features built-in, high-end appliances including an induction cooktop as well as an island with a slide-out table. The primary bedroom has its own huge window, as well as a full wall of storage with mirrored sliding doors. The oversized Den could easily accommodate a work area and a sleeping area, or perhaps function as a second bedroom. It already has a closet. The ceilings are 9 feet high in all the main rooms. The beautifully finished bathroom is accessed via a foyer, making it function like a larger space, with no door swing to intrude. The laundry closet is adjacent. The apartment also includes a separate storage locker. The building amenities include a concierge, large and well-equipped gym, guest suite, party room and visitor parking.The King streetcar stops right outside, or you can walk ten minutes west to King subway station. The new Ontario Line Station will be a five minute walk north. King + Condos is a welcoming and comfortable community to call home. You will know that once you have had a chance to visit.
Estimate your monthly payments for this property
Estimated Payment
$2,560.13/mo
Includes CMHC insurance ($13,922)
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 508, 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 $832/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 92 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 600 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.
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.