$529,000 - 70 Distillery Lane Unit 216, Cabbagetown
Condo for Sale in Cabbagetown
- MLS Number
- C13233222
- Property Type
- Condo
- Status
- active
- Days on Site
- 15
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 600 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- Owned
- Exposure
- South East
- Balcony
- Juliette
- Listing Brokerage
- SAGE REAL ESTATE LIMITED
Located in the Enchanting Distillery District, this Beautifully Renovated Soft Loft in Clear Spirit will Capture Your Heart! Fabulous, Oversized Corner Suite Offers 693 ft2 of Bright, Modern Living Space, Thoughtfully Renovated in 2024. New Engineered Hardwood Floors are Complimented by a Renovated Kitchen with Quartz Countertops, Stainless Steel Appliances and a Striking Full Height Backsplash. The Flexible Open Concept Layout is Ideal for Everyday Living, Whether You're Cooking, Relaxing, Entertaining or Working From Home. The Stunning Southeast Light, Floor-to-Ceiling Windows and Soaring Ceilings Make This Suite a True Stand-Out. No Interior Bedroom Here - Generously Sized Primary Includes a Wall-to-Wall Closet and Built-In Shelving. The Spa-Inspired Bathroom Features a Generous Dual-Faucet Vanity, a Deep Soaker Tub With Shower and the Rare Luxury of a Full Sized Stackable Washer & Dryer. You'll Love the Extensive Amenities, Including an Outdoor Pool, Rooftop Terrace With Barbecue Stations, Theatre, Meeting Room, Bike Storage, 24 Hour Concierge, Green P Visitor Parking Underground and a Fully Equipped Fitness Centre With Yoga Room. Step Outside and Experience the Pedestrian Friendly Distillery District, Known for its Charming Cafes, Boutique Shopping, Galleries and Top-Rated Restaurants. Conveniently Located Just Minutes to Downtown, Parks, Trails and Cherry Beach too. Multiple Transit Options at Your Door Plus the Future Ontario Line, Corktown Station at Parliament and King Will be an Easy Walk. Quick Access to the Gardiner Expressway and Lake Shore Blvd Makes Navigating Your Exit From City Life a Breeze. Secure Underground Parking Space and Locker Included. There's Nothing to do Here - Just Move In!
Estimate your monthly payments for this property
Estimated Payment
$2,714.04/mo
Includes CMHC insurance ($14,759)
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 Distillery Lane Unit 216, 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 $882/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 15 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 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.
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 $2,204 (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.