$518,000 - 77 Shuter Street Unit 2611, Cabbagetown
Condo for Sale in Cabbagetown
42 days on market- MLS Number
- C13082610
- Property Type
- Condo
- Status
- active
- Days on Site
- 42
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- N/A sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- None
- Exposure
- North West
- Balcony
- Open
- Listing Brokerage
- DREAM HOME REALTY INC.
Bright & Spacious 1 Bedroom Suite at Luxury 88 North Condos by St. Thomas Development! This high-floor unit offers unobstructed views and abundant natural light through large windows. Featuring a functional layout, an open-concept living/dining space-perfect for comfortable urban living. Rare Value-Added Upgrade: Owner has invested in upgrading the laundry electrical system from 15-amp to 30-amp, allowing for separate full-size washer & dryer-a significant improvement over standard combo units. Ultimate Downtown Convenience: Enjoy No Frills supermarket right downstairs, along with an abundance of cafes, restaurants, and everyday essentials at your doorstep-perfect for a busy, on-the-go lifestyle. Prime Location for Professionals: Steps to Yonge & Queen, subway, Eaton Centre, and within walking distance to the Financial District, Toronto Metropolitan University, with easy access to University of Toronto, George Brown College, and St. Michael's Hospital. Building Amenities: 24-hour concierge, gym, outdoor pool, lounge, BBQ area, and more. Ideal for working professionals or investors seeking a well-located property with strong rental demand and everyday convenience.
Estimate your monthly payments for this property
Estimated Payment
$2,657.61/mo
Includes CMHC insurance ($14,452)
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 Shuter Street Unit 2611, 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
Market Position
At 42 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 0 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 $2,158 (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.