$439,000 - 555 Yonge Street Unit 406, Cabbagetown
Condo for Sale in Cabbagetown
71 days on market- MLS Number
- C12968898
- Property Type
- Condo
- Status
- active
- Days on Site
- 71
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 500 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- Exclusive
- Exposure
- North
- Balcony
- None
- Listing Brokerage
- SUTTON GROUP-ASSOCIATES REALTY INC.
This spacious 593 sq. ft one-bedroom apartment in downtown Toronto offers an exceptional living experience, with generous room sizes that set it apart from other one-bedroom units in the area. The oversized bedroom can easily accommodate two queen-size beds, along with additional furniture, making it perfect for those who need extra space or plan to share with a roommate. The living room is equally expansive, offering a comfortable space for relaxing or entertaining.The apartment benefits from a desirable south-facing exposure, providing natural light and picturesque views of the downtown skyline. Its location places you within walking distance to key Toronto landmarks such as Yonge Street, Yorkville, Bloor Street, Wellesley Station, and the University of Toronto. Whether you're a professional working downtown or a student at one of the nearby universities, this apartment offers an ideal base for urban living.Convenience is key heresteps away from public transit, including Wellesley Station, you have easy access to all the city's amenities. The bustling Eaton Centre is just a short walk away, and you're also close to major shopping districts, including the high-end boutiques of Yorkville. With top-tier hospitals, such as the University Health Network, close by, as well as numerous dining, shopping, and entertainment options along Yonge Street and beyond, this apartment is well-connected to everything that makes downtown Toronto one of the most dynamic places to live.Whether you're looking for a quiet home base or a place to experience all the excitement that the city has to offer, this apartment provides both comfort and convenience. The proximity to cultural landmarks like the Royal Ontario Museum, world-class theaters, and lively nightlife means you'll always have something to do. Plus, the regular festivals and events throughout the year foster a vibrant sense of community. Locker is on the same level as the unit. First 6 Photos are virtually staged.
Estimate your monthly payments for this property
Estimated Payment
$2,252.30/mo
Includes CMHC insurance ($12,248)
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.
555 Yonge Street Unit 406, 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 $878/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 71 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.
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.