$1,575,000 - 488 King Street, Cabbagetown
Townhouse for Sale in Cabbagetown
61 days on market- MLS Number
- C13007464
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 61
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Listing Brokerage
- RIGHT AT HOME REALTY
Sanctuary in the Heart of Historic Corktown! Welcome home to 2600+ square feet of sunlit, freehold living. No condo fees, no rules, just space to breathe.This stately four-level brownstone, built in 2003, offers the rare combination of downtown convenience and true urban sanctuary. Whether you're downsizing, upsizing, or investing, this home delivers. Light-Filled Living, Soaring ceilings and walls of windows flood every floor with natural light. The open-concept living and dining room flows seamlessly into an eat-in kitchen featuring granite countertops, tailored cabinetry, and stainless steel appliances. Patio doors open to a private deck - your personal oasis for morning coffee or evening barbecues beneath a canopy of mature trees.A Primary Suite Worth Lingering In. The entire third floor is dedicated to your retreat. A cozy gas fireplace anchors the bedroom, while a private balcony offers treetop views. The generous walk-in closet handles every season with ease.The 6-piece ensuite is pure indulgence: Soaker tub for two, Rainfall shower, Dual vanities with granite counters. Bidet. Flexible Space for Modern Life. Second floor: Two bright, spacious bedrooms with double closets and convenient in-suite laundry. Basement: A fully self-contained suite with its own King Street entrance, kitchen, and laundry. Ideal for rental income, an in-law or nanny suite, or a dedicated home office. Detached garage: A downtown rarity-with soaring ceilings and room for storage beyond the car. Unbeatable Location: Steps from the Distillery District, St. Lawrence Market, Corktown Common, and the upcoming Ontario Line. Easy access to the DVP and Gardiner puts the entire city within reach. Freehold. Four levels. One exceptional address. Upgrades: Professionally painted throughout (2026); Kitchen/Baths Retiled (2019); Kitchen/Bath Flooring (2019); Lennox Furnace & AC Unit (2019). Shows to perfection! Just move-in and enjoy your new home!
Estimate your monthly payments for this property
Estimated Payment
$6,966.76/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.
488 King 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 $1050/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 61 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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Cabbagetown. Good resale value as demand remains consistent.
Bathroom Count Matters
With 4 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.
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 $6,563 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.