$749,000 - 70 Mill Street Unit 503, Cabbagetown
Condo for Sale in Cabbagetown
New — Listed 7 days ago- MLS Number
- C13223530
- Property Type
- Condo
- Status
- active
- Days on Site
- 7
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- Ensuite
- Exposure
- North
- Balcony
- Open
- Listing Brokerage
- REAL BROKER ONTARIO LTD.
Welcome to the heart of Toronto's historic Distillery District. This beautifully updated 2-bedroom, 2-bathroom condo offers stylish, move-in-ready living in one of the city's most vibrant neighbourhoods, surrounded by renowned restaurants, cafés, boutiques, galleries and year-round events.The open-concept layout features a modern kitchen with granite countertops, stainless steel appliances and breakfast bar seating, overlooking the spacious living and dining areas. Large windows bring in plenty of natural light, while the well-designed floor plan makes the most of every square foot. The primary bedroom includes a renovated ensuite, while the second bedroom offers flexibility for guests, a home office or growing family. Both bathrooms have been thoughtfully updated. The primary ensuite features a new vanity with quartz countertop, updated flooring and refreshed tub/shower surround, while the main bathroom has been completely renovated with a walk-in shower, built-in niche and brushed gold fixtures. Large-format porcelain tile flooring in the kitchen and front entry adds a clean, contemporary feel. Storage is a standout feature, with custom California Closets installations in the primary closet, second bedroom walk-in closet and pantry/laundry room, providing exceptional organization rarely found in condo living. Enjoy the large ensuite locker with laundry, parking, generous room sizes and a welcoming atmosphere, all just steps from the Distillery District's pedestrian-only streets, artisan shops, cafés, restaurants and theatres. Everything is included in the maintenance fees except cable. With easy access to transit, Corktown Common, the waterfront, St. Lawrence Market and downtown Toronto, this is an opportunity to own a beautifully updated condo in one of the city's most sought-after communities.
Estimate your monthly payments for this property
Estimated Payment
$3,842.76/mo
Includes CMHC insurance ($20,897)
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 Mill Street Unit 503, 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 $749/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.
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 $3,121 (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.