$658,000 - 55 Charles Street Unit 3908, Cabbagetown
Condo for Sale in Cabbagetown
New — Listed yesterday- MLS Number
- C13415328
- Property Type
- Condo
- Status
- active
- Days on Site
- 1
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 500 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- Owned
- Exposure
- West
- Balcony
- Open
- Listing Brokerage
- Royal Lepage Real Estate Associates
Outstanding opportunity to own a nearly new high-floor suite at 55C Condos, just a 3-minute walk to Yonge & Bloor. Here are 8 lucky reasons why this unit stands out from the rest: #1 - Exceptional value for a nearly new building steps to Yorkville and the University of Toronto. #2 - Arguably the best 1-bedroom layout in the building, offering 537 sq ft plus a large 100 sq. ft. balcony. Many suites feature only Juliette balconies, making this private outdoor space a significant advantage. #3 - Premium upgrades and finishes throughout, including the builder's highest-quality flooring option - which means a lot for long term wear and tear whether an end unit or investor. Sleek flat-panel cabinetry, stone counters with seamless backsplash, matte black hardware and fixtures throughout, pot lights, and integrated Panasonic appliances including an induction cooktop and wall oven. Dining area with clever built-in cabinetry and table. Unique dual-sink 4-piece bath functions as a semi-ensuite with built-ins, lux wall-hanging fixtures, frameless glass shower, and the option to close one side for guest use. #4 - Suite 3908 features soaring ceilings of nearly 10 ft., compared to the 9 ft. ceilings on most other floors. #5 - A true proper sized bedroom with a large window and dual closets. #6 - CN Tower views from the balcony. #7 - High-speed internet included in the low maintenance fee. #8 - Owned locker and motorized blinds included. Stunning hotel-inspired building with quality finishes throughout, including a gorgeous lobby, stylish common areas, spectacular rooftop lounge + a separate BBQ terrace area, fully equipped fitness centre, guest suites, visitors parking and more. Live in the heart of the city, steps to Yorkville, U of T, the Village, two subway stations, shops, restaurants, numerous shops, amenities alongside easy proximity to Hospital Row, Queens Park and the Financial District.
Estimate your monthly payments for this property
Estimated Payment
$3,375.88/mo
Includes CMHC insurance ($18,358)
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.
55 Charles Street Unit 3908, 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 $1316/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.
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.
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 $2,742 (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.