$498,800 - 555 Yonge Street Unit 707, Cabbagetown
Condo for Sale in Cabbagetown
Popular Listing- MLS Number
- C13221732
- Property Type
- Condo
- Status
- active
- Days on Site
- 8
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 600 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- Owned
- Exposure
- North East
- Balcony
- None
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Welcome to this beautifully renovated 1-bedroom condo with parking and locker in the vibrant Yonge & Wellesley neighbourhood. Thoughtfully redesigned with a sleek, modern aesthetic, this home showcases quality craftsmanship throughout. No expense was spared in transforming the kitchen into a luxurious space any chef would be proud of, featuring quartz countertops, a stylish backsplash, and a breakfast bar with seating for up to four, along with all-new stainless steel appliances including fridge, stove, and dishwasher, perfect for both everyday living and entertaining. The spacious open-concept living and dining area is framed by large windows, filling the space with natural light and offering a desirable northeast exposure. The generously sized bedroom also features expansive windows and a large closet, providing ample storage. A beautifully updated 4-piece bathroom completes the home's contemporary appeal. With parking and a locker included, this turnkey suite offers an exceptional blend of comfort, style, and convenience. The building showcases thoughtful upgrades throughout: dual rooftop terraces ideal for entertaining, a contemporary fitness centre and sauna, and a welcoming renovated lobby and elevators. The striking granite podium deck sets an elegant tone at arrival. Location is unbeatable-transit, dining, shopping, and green space are moments away, and you're within minutes of UofT, TMU, George Brown, and major hospitals. At Walk Score 100, downtown living has never been more seamless. Whether you're a professional, student, frontline worker, investor, or commuting civil servant, this address offers sophisticated living with complete convenience.
Estimate your monthly payments for this property
Estimated Payment
$2,559.10/mo
Includes CMHC insurance ($13,917)
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 707, 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 $831/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.
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 600 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.