$549,888 - 70 Alexander Street Unit 406, Cabbagetown
Condo for Sale in Cabbagetown
New — Listed yesterday- MLS Number
- C13418646
- Property Type
- Condo
- Status
- active
- Days on Site
- 1
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 800 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- None
- Exposure
- South
- Balcony
- None
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
***Welcome To Alexus Boutique Condos In The Vibrant Church/Wellesley Area!*** Discover This Oversized 865 Sq. Ft. 1-Bedroom Plus Den/Office Suite Offering An Exceptional Blend Of Space, Comfort, And Urban Convenience. The Thoughtfully Designed Open Concept Living And Dining Area Provides An Ideal Layout For Both Everyday Living And Entertaining. The Modern Kitchen Features A Granite Countertop, Ceramic Tile Backsplash, Breakfast Bar, And A Full Suite Of Stainless Steel Appliances Including Fridge, Stove, Built In Dishwasher, And Microwave Range Hood. An In Suite Stacked Washer/Dryer Adds To The Convenience. The Large Primary Bedroom Is A True Retreat, Complete With A 5 Piece Ensuite Bathroom And A Walk In Closet. A Second Full Bathroom With A Shower And Ceramic Flooring Offers Added Functionality-Perfect For Guests Or A Roommate. The Versatile Den/Office Provides Valuable Extra Space For Working From Home, Studying, Or Creating A Cozy Reading Nook. Residents Enjoy Premium Building Amenities Including A 24 Hour Concierge, A Rooftop Terrace With Stunning City Views, And BBQ Facilities, Making It Easy To Relax Or Entertain Outdoors. Located In One Of Toronto's Most Vibrant And Accessible Neighbourhoods, You're Just Steps From Wellesley Station And College Station, With Quick Access To The Financial District, University Of Toronto, Toronto Metropolitan University, Major Hospitals, Shops, Restaurants, Cafés, And Countless Conveniences. This Is An Outstanding Opportunity For Professionals, First Time Buyers, And Investors Seeking A Spacious Unit In A High Demand Location.
Estimate your monthly payments for this property
Estimated Payment
$2,821.21/mo
Includes CMHC insurance ($15,342)
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.
70 Alexander 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
Competitive Pricing
At $687/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.
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.
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 $2,291 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
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.