$1,688,000 - 460 Wellesley Street, Cabbagetown
Semi-Detached for Sale in Cabbagetown
New — Listed 5 days ago- MLS Number
- C13228096
- Property Type
- Semi-Detached
- Status
- active
- Days on Site
- 5
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Listing Brokerage
- SOTHEBY'S INTERNATIONAL REALTY CANADA
Classic Prime Cabbagetown 3-storey red brick Victorian Semi located on one of the most coveted blocks at the east end of Wellesley Street just by the park. Elegant, well-loved and meticulously maintained by same devoted owners for decades, this impressive home exudes a creative energy that is simply good for the soul. Soaring ceilings, hardwood floors, glorious stained glass, deep crown mouldings and baseboards. Large windows bathe the interiors with natural light! A wood-burning fireplace with craftsman mantle anchors the living room and leads to a large separate dining room perfect for entertaining large groups of family and friends. Main floor 3-piece bath adds convenience to everyday life. A modern kitchen with breakfast bar flows seamlessly out to a magical sun-drenched wrap-around deck and backyard oasis - your private sanctuary for quiet morning coffee or languid summer nights dining al fresco. The primary suite has a large walk-in closet and fabulous 5-piece spa ensuite complete with sunken whirlpool tub and adjoining wet-room shower. A large 2nd bedroom has large windows overlooking front garden and double closets. The pièce de résistance is an extraordinary open-concept entire 3rd floor family room, office and library with soaring cathedral ceilings, built-in bookshelves, library ladder, skylight, a cozy gas wood stove and treetop views - the kind of inspiring space artists and creatives dream about! The full-height basement currently used as artist's studio and workshop offers tremendous potential for additional living space and the lovingly landscaped gardens front and back add to this beautiful home's charm. Parking off rear lane and just steps to the park, transit, shops, restaurants and cafes of Parliament Street and the fabled Riverdale Farm! OPEN HOUSE SAT & SUN 2-4PM.
Estimate your monthly payments for this property
Estimated Payment
$7,466.59/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.
460 Wellesley 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 $844/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Cabbagetown's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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.
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 $7,033 (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.