$1,238,000 - 70 Mill Street Unit Ph13, Cabbagetown
Condo for Sale in Cabbagetown
- MLS Number
- C13121342
- Property Type
- Condo
- Status
- active
- Days on Site
- 28
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,400 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- Owned
- Exposure
- South West
- Balcony
- Terrace
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Welcome to the largest penthouse at 70 Mill Street. This rare, south west facing, 1,434 sq. ft. Corner sanctuary spans two storeys seamlessly blending Victorian architectural charm with contemporary luxury. As the building's largest and most coveted floor plan this residence features three bedrooms, three bathrooms, a working wood-burning fireplace, a newly renovated chef's kitchen, and a 200-foot south-facing terrace. The main floor blends One-of-a-kind polished cement flooring and floor-to-ceiling windows & A fully renovated Open Chef's Kitchen (2023) brings function and high art together. The custom Onyx countertop & backsplash create a glow that makes the kitchen the social anchor of the home. A panelled Fulgor Milano refrigerator, dual-drawer Fisher & Paykel dishwasher, Bertazzoni induction range & Electrolux Smart Oven are a chef's joy! The living room boasts a rare wood-burning fireplace surrounded by vintage imported brick & custom shelves & lights Both the living Room and Dining Room open onto the 200 sq.ft. south-facing terrace offering panoramic views of the Distillery District & Lake Ontario. The extensive Primary Suite enjoys unobstructed southern views & an ensuite 4-piece bath. A clever retractable ceiling-mounted TV is in both the primary and second bedrooms. Large custom closets enhance the primary suite and second bedroom. The third bedroom with south & west corner views is currently being utilized as a luxury home office. Many lights are Wifi-enabled & all thermostats are Ecobee. Solar film is on all windows for maximum thermal efficiency & privacy. One owned parking spot and a dedicated locker are included. Very Reasonable Taxes & Maintenance fees cover all utilities. Steps from The St. Lawrence Market, future and current transit lines & highways, the City's premier galleries, theatres, restaurants & the new future Portlands, this isn't just a home; it's a legacy property at the intersection of history and the future.
Estimate your monthly payments for this property
Estimated Payment
$5,476.09/mo
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 Ph13, 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 $884/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 28 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.
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.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
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 $5,158 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.