$499,880 - 7 Carlton Street Unit 506, Cabbagetown
Condo for Sale in Cabbagetown
New — Listed yesterday- MLS Number
- C13426358
- Property Type
- Condo
- Status
- active
- Days on Site
- 1
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- Owned
- Exposure
- South West
- Balcony
- None
- Listing Brokerage
- RARE REAL ESTATE
Welcome to 7 Carlton Street, an exceptional opportunity to own a spacious 3-bedroom, 2-bathroom condominium in one of downtown Toronto's most connected and desirable locations. Offering over 1,000 sq. ft. of living space, this bright and sun-filled residence is flooded with natural light and provides incredible potential to personalize and make it your own.Situated in the prestigious The Ellington at the vibrant intersection of Yonge and College, residents enjoy unparalleled convenience with direct access to the Toronto Subway Line 1 via College Station just below the building. Whether commuting to work, attending class, or exploring the city, getting around Toronto has never been easier.The location places you in the heart of downtown, steps from Toronto Metropolitan University, University of Toronto, major hospitals including Toronto General Hospital and Mount Sinai Hospital, as well as countless restaurants, cafés, grocery stores, and everyday conveniences. Enjoy world-class shopping at CF Toronto Eaton Centre, catch a show in the Entertainment District, stroll through nearby parks, or take advantage of the short commute to Toronto's Financial District. Residents of The Ellington enjoy an impressive collection of amenities, including a 24-hour concierge, indoor pool, fitness centre, sauna, rooftop terrace, party room, guest suites, visitor parking, and beautifully maintained common areas, providing a resort-inspired lifestyle in the centre of the city. Whether you're looking for space in an unbeatable location or an investor seeking a prime downtown opportunity, this rarely offered 3-bedroom suite delivers exceptional value, convenience, and endless possibilities in one of Toronto's most sought-after neighbourhoods.
Estimate your monthly payments for this property
Estimated Payment
$2,564.64/mo
Includes CMHC insurance ($13,947)
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.
7 Carlton Street Unit 506, Regent Park / Cabbagetown / St. James Town
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
Rental income estimator & ROI calculator
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
Competitive Pricing
At $500/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Just Listed - Act Strategically
This property hit the market within the last week. In Cabbagetown's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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.
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.
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.