$1,198,000 - 55 Charles Street Unit 4002, Cabbagetown
Condo for Sale in Cabbagetown
98 days on market- MLS Number
- C12874686
- Property Type
- Condo
- Status
- active
- Days on Site
- 98
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- Owned
- Exposure
- South West
- Balcony
- Open
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Experience unparalleled luxury at 55C Bloor Yorkville Residences, ideally located on prestigious Charles Street East in the heart of Yorkville. This stunning residence offers breathtaking southwest views of the city skyline and Lake Ontario from one of Toronto's most sought-after addresses.The unit features numerous high-end upgrades throughout, including premium hardwood flooring, additional custom cabinetry providing enhanced storage space, motorized roller shades, and many other thoughtful improvements that elevate both comfort and functionality.Residents are welcomed by a grand lobby and an exceptional collection of upscale amenities located on the 9th floor, including a state-of-the-art fitness centre, versatile co-working and event spaces, and a tranquil outdoor lounge complete with BBQ stations and fire pits.A true highlight of the building is the spectacular C-Lounge on the top floor, featuring soaring ceilings, a gourmet chef's kitchen, and an expansive outdoor terrace with panoramic skyline views perfect for entertaining or relaxing above the city.Additional conveniences include a guest suite for visitors and immediate access to the Toronto Transit Commission and the vibrant Bloor-Yonge Station, placing the very best of Toronto's shopping, dining, and transit at your doorstep.Luxury living in the heart of Yorkville make it yours.
Estimate your monthly payments for this property
Estimated Payment
$5,299.16/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.
55 Charles Street Unit 4002, 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 $998/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 98 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.
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 $4,992 (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.