$4,349,000 - 432 Queen Street, Cabbagetown
Detached for Sale in Cabbagetown
141 days on market- MLS Number
- C12382455
- Property Type
- Detached
- Status
- active
- Days on Site
- 141
- Bedrooms
- 6
- Bathrooms
- 6
- Square Feet
- 5,000+ sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Listing Brokerage
- ROYAL LEPAGE ESTATE REALTY
Welcome to your ideal live/work property in downtown Toronto. Privacy and luxury has been thoughtfully renovated into this bright, expansive live/work space in the perfect location with easy access to subways and highways. HIGHLIGHTS:Private garage, expansive great room, bright yoga studio, stylish wood-burning fireplace, 6 skylights, Jacuzzi tub, and glass-enclosed showers. Bamboo and granite floors throughout.Customizable for retail, office, or residential use. With over 7,500 square feet of usable space you can occupy the space you need and rent the rest. LOCATION: Easy access to DVP/Gardiner, streetcar stop, and future Ontario Line subway. MAIN FLOOR: Open retail/office area, large windows, 4 private offices, tech room, private garage, and mudroom. 2ND FLOOR: bright high-ceiling studio with two walk-out doors to a huge deck perfect for yoga, photography, a family room, or home theatre. Kitchenette, washroom, and 3 offices. PENTHOUSE: A stunning, light-filled space with south-facing windows, 6 skylights, and a 12 ft ceiling. The great room has a European wood-burning fireplace, and a designer kitchen boasting ample storage, a granite island, induction range, and stainless-steel appliances. The primary ensuite includes a jetted tub, oversized glass shower, and skylight. Two bedrooms feature skylights and access to a spacious deck. OUTSIDE: Built-in gas BBQ line, heated gutters, and new roof shingles (2024). BASEMENT: Office, 3 storage rooms, utility room, and 3 washrooms.
Estimate your monthly payments for this property
Estimated Payment
$19,237.09/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.
432 Queen 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
Fair Market Value
At $870/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 141 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.
Detached Home Advantages
Detached homes in Cabbagetown are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Larger Home Realities
At 5,000 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Excellent Flexibility
With 6 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 6 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.