$1,788,000 - 46 Mcgill Street, Cabbagetown
Townhouse for Sale in Cabbagetown
67 days on market- MLS Number
- C12984504
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 67
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Lot Size
- 1,138 sqft
- Listing Brokerage
- GALLO REAL ESTATE LTD.
Executive Freehold Townhome in a Prime Downtown Location. Ideally situated in the heart of the city, this impeccably updated three-bedroom freehold townhome offers a rare combination of luxury, location, and lifestyle. With a private heated driveway, built-in garage, and parking for two vehicles, this home delivers the convenience of urban living without compromise and with no maintenance fees. Every inch of this residence has been thoughtfully curated with high-end finishes and designer details. The entertainer's kitchen features striking quartzite countertops and matching backsplash, a large central island, panelled refrigerator, drawer microwave, pot filler, and a premium Smeg 5-burner gas range. A garden door opens to a beautifully landscaped and fully private backyard, complete with two gas hookups for effortless outdoor cooking and entertaining. Inside, the home exudes modern elegance with wide-plank engineered hardwood flooring, custom railings, 8-inch baseboards, solid interior doors, and premium fixtures throughout. The dramatic two-storey great room showcases a custom gas fireplace with a precast mantle, framed by floor-to-ceiling windows dressed in bespoke drapery, creating a truly stunning focal point. The serene primary bedroom retreat boasts beamed ceilings, dual closets, a skylight with remote-controlled shade, and a spa-inspired ensuite featuring an oval standalone tub and a separate glass-enclosed shower. Additional highlights include an upgraded 200-amp electrical service, central vacuum, hardwired smoke detectors, owned hot water tank, smart exterior camera system, and recently updated shingles, eaves, furnace, and air conditioning. The finished basement offers a dedicated laundry area and a versatile office or fitness space. A seamless blend of contemporary design and classic craftsmanship, this turnkey home is ready to welcome its next discerning owner. Simply move in and enjoy!
Estimate your monthly payments for this property
Estimated Payment
$7,908.93/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.
46 Mcgill 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
Premium Pricing
At $1192/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.
Negotiation Opportunity
At 67 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.
Townhouse Benefits
Townhouses offer an excellent balance of space and maintenance. You get more room than a condo with lower upkeep than a detached home. Key things to verify: whether it's freehold or condo-titled (affects fees and rules), and the condition of shared walls for noise considerations. Townhouses in Cabbagetown have shown strong appreciation as families seek more space.
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 $7,450 (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.