$539,000 - 510 King Street Unit 708, Cabbagetown
Condo for Sale in Cabbagetown
65 days on market- MLS Number
- C12995670
- Property Type
- Condo
- Status
- active
- Days on Site
- 65
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 500 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- Owned
- Exposure
- North West
- Balcony
- Open
- Listing Brokerage
- REMAX CONNECT REALTY
Want to live in one of the best neighbourhoods in town? Where's that? Corktown! Welcome to 510 King St. E. Unit 708, a spectacular 1-bedroom, 1-bathroom condo with parking and a locker in the heart of Corktown. This modern unit features unusually high ceilings and sleek polished concrete floors, giving you the feel of a loft with the privacy of a traditional condo. The kitchen is fully equipped with stainless steel appliances and ample storage space, perfect for your inner chef. The living room features a walk-out to the large balcony overlooking the quaint neighbourhood beyond. The bedroom features a large closet and huge windows so you'll never feel cooped up at home. Owned parking and locker, a rarity for 1-bedroom condos these days, add to the unit's value and usefulness. Located in one of Toronto's most vibrant neighbourhoods, Corktown, 510 King St. E. offers the perfect blend of urban living and historical charm. You'll be just minutes from the Financial District, making your work commute a breeze for those days you need to head to the office. For date nights and errands, all the best restaurants, shops, and amenities along King Street E. and in Leslieville, Riverside, and the Distillery District are just right around the corner. In fact, Spaccio and Gusto 501 are just a short jaunt away. One of the city's best gyms is right downstairs, and the famous Impact Kitchen is just across the street for when you want to treat yourself to coffee and a healthy snack or lunch. This is an amazing opportunity to secure a beautiful condo in one of the city's best buildings and neighbourhoods. Welcome home!
Estimate your monthly payments for this property
Estimated Payment
$2,765.35/mo
Includes CMHC insurance ($15,038)
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.
510 King Street Unit 708, 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 $1078/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 65 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.
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 500 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 $2,246 (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.