$788,000 - 65 Mutual Street Unit 1904, Cabbagetown
Condo for Sale in Cabbagetown
43 days on market- MLS Number
- C13093814
- Property Type
- Condo
- Status
- active
- Days on Site
- 43
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 800 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- Owned
- Exposure
- South West
- Balcony
- None
- Listing Brokerage
- BAY STREET GROUP INC.
Step into luxury living at Ivy Condos with this stunning 2-year-new 3-bedroom, 2-bathroom suite. Offering 861 sq ft of thoughtfully designed living space, this modern home perfectly blends comfort, style, and functionality. Bright and airy interiors are enhanced by sleek contemporary finishes throughout.Featuring a spacious open-concept layout with floor-to-ceiling windows, the sun-filled living and dining area flows seamlessly into a modern kitchen complete with quartz countertops and premium appliances-perfect for both everyday living and entertaining. The spacious primary bedroom features a private ensuite bathroom and generous closet space, while two additional bedrooms provide excellent flexibility for family, guests, or a home office setup. Residents enjoy access to exceptional building amenities, including 24/7 concierge service, library, pet wash station, business lounge, fully equipped fitness centre, Ivy Lounge with kitchen and bar, private dining room, billiards room, boardrooms, and an outdoor terrace with BBQ areas. Ideally located in the heart of downtown Toronto, just steps to TMU, Yonge/Dundas Subway Station, Eaton Centre, Dundas Square, restaurants, George Brown College, and public transit. Minutes to St. Michael's Hospital, and the Financial District, this vibrant location offers the perfect balance of urban convenience and modern comfort.Don't miss this exceptional opportunity to make this stylish and move-in-ready condo your next home.
Estimate your monthly payments for this property
Estimated Payment
$4,042.85/mo
Includes CMHC insurance ($21,985)
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.
65 Mutual Street Unit 1904, 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 $985/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.
Market Position
At 43 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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 800 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.
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 $3,283 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.