$1,040,000 - 390 Cherry Street Unit 3207, Cabbagetown
Condo for Sale in Cabbagetown
Popular Listing- MLS Number
- C13411192
- Property Type
- Condo
- Status
- active
- Days on Site
- 9
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 900 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- Owned
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- RIGHT AT HOME REALTY
Welcome to this stunning two-bedroom, two-bathroom suite perched on the 32nd floor, offering breathtaking south-facing views of Lake Ontario. Located in the heart of the iconic Distillery District, this sun-drenched unit features floor-to-ceiling windows that flood the space with natural light. With 971 sqf. of open-concept living space, this is the most desirable layout in the building no wasted space with pillars or hallways. Enjoy seamless indoor-outdoor living with an oversized 180 sqf. balcony featuring two walkouts, perfect for entertaining or relaxing with panoramic views. Private secured bike rack. The modern kitchen boasts a large island, ideal for casual dining and gatherings. Included is one parking space and a rare, extra-large storage locker (65 sqf.).Building Amenities Include: Fully equipped fitness centre, Yoga studio & sauna, 24-hour concierge, Guest suites, Outdoor pool, Rooftop terrace with BBQs and lounge areas. Step outside to discover charming cobblestone streets lined with boutiques, restaurants, art galleries, and theatres. You're just steps to the Cherry Street streetcar, and within walking distance to St. Lawrence Market, the waterfront, and the Beach. Enjoy quick access to the DVP and Gardiner Expressway for easy commuting. Live in one of Toronto's most vibrant and historic neighborhoods famous for its year-round events and the beloved Christmas Market. Experience the perfect blend of culture, convenience, and downtown lifestyle. Efficient layout with no hallway or pillars.
Estimate your monthly payments for this property
Estimated Payment
$4,600.27/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.
390 Cherry Street Unit 3207, 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 $1156/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.
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 900 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 $4,333 (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.