$1,199,000 - 77 Lombard Street Unit PH3, Cabbagetown
Condo for Sale in Cabbagetown
New — Listed 2 days ago- MLS Number
- C13435138
- Property Type
- Condo
- Status
- active
- Days on Site
- 2
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- Owned
- Exposure
- South West
- Balcony
- Terrace
- Listing Brokerage
- ROYAL LEPAGE TERREQUITY SEYMOUR REAL ESTATE
There are penthouses with terraces. And then there is this. PH03 at 77 Lombard delivers what the downtown market rarely produces: a 629 sq ft private corner terrace with sweeping 180 southwest views over St. James Park and the Toronto skyline. Framed by two custom pergolas-one for dining, one for lounging beneath a louvred adjustable roof-this outdoor space is equipped with water and electricity, with BBQs permitted. Morning coffee over the park, evenings watching the city lights come alive: this is not a balcony, it is an extension of the home and a destination in its own right. Taken to bare concrete in 2015 and reimagined with over $250,000 in custom upgrades. The open concept main floor features 8' ceilings, porcelain tile, and a chef's kitchen centred on a Caesarstone island with integrated Miele appliances-fridge, freezer, cooktop, convection microwave, hood vent-plus a Bosch dishwasher and built-in wine fridge. A metal spiral staircase leads to a loft-inspired upper level with soaring 9'11" ceilings and floor-to ceiling windows. Both levels connect directly to private outdoor space. The primary suite offers south-facing floor-to-ceiling windows, balcony access, and a beautifully appointed ensuite. A versatile second bedroom, currently a custom dressing room, adapts easily to changing needs. Maintenance fees are all-inclusive-electricity, water, heating, A/C. Zero special assessments, strong reserve fund, and newly renovated lobby, corridors, and party room. Includes one parking space and two storage lockers. Steps to the Financial District, St. Lawrence Market, the Distillery District, Eaton Centre, Union Station, and the Island Ferry, with Scotiabank Arena, Rogers Centre, and major theatres nearby. Furnishings available separately-a rare turnkey opportunity. For those who understand the difference between outdoor space and outdoor living, this is the one.
Estimate your monthly payments for this property
Estimated Payment
$5,303.58/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.
77 Lombard Street Unit PH3, 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 $999/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.
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.
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 $4,996 (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.