$848,000 - 60 Shuter Street Unit 316, Cabbagetown
New Construction for Sale in Cabbagetown
107 days on market- MLS Number
- C12841988
- Property Type
- New Construction
- Status
- active
- Days on Site
- 107
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 900 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- Owned
- Exposure
- West
- Balcony
- None
- Listing Brokerage
- T-ONE GROUP REALTY INC.,
Client RemarksMenkes Fleur Condos - Downtown Toronto. Welcome to the Menkes Fleur Condos, positioned in the vibrant heart of downtown Toronto. This spacious 1+2 bedroom unit includes sliding doors that convert it into a versatile 3-bedroom layout. The west-facing suite offers 974 sq. ft. of thoughtfully designed living space featuring 2 full bathrooms and 1 powder room. Enjoy floor-to-ceiling windows, an open-concept layout, and abundant natural light throughout. The building provides modern amenities, including a 24-hour concierge, fitness center, yoga studio, media room, library/study, residents' lounge, party room with catering kitchen, rooftop patio with BBQ area, and a guest suite. Located steps from St. Michael's Hospital, the Li Ka Shing Knowledge Institute, and overlooking the historic St. Michael's Cathedral, this condo offers unmatched city convenience. Walk to TMU, George Brown College, University of Toronto, and Toronto's major hospitals-Princess Margaret, Mount Sinai, and Toronto General. Explore nearby attractions including City Hall, Eaton Centre, St. Lawrence Market, Union Station, Roy Thomson Hall, and renowned theatres such as Massey Hall, Mirvish Theatre, and Elgin Winter Garden. Easy TTC access via Queen and Dundas stations, plus streetcar routes to Queen's Park, Kensington Market, Chinatown, Harbourfront, Sugar Beach, and the CNE.Pet-friendly building with secure access and premium downtown living. Perfect for professionals, students, or investors seeking a contemporary urban lifestyle.
Estimate your monthly payments for this property
Estimated Payment
$4,350.68/mo
Includes CMHC insurance ($23,659)
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.
60 Shuter Street Unit 316, 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 $942/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 107 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.
Efficient Living
At 900 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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
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 $3,533 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.