$556,000 - 88 Queen Street Unit 1212, Cabbagetown
Condo for Sale in Cabbagetown
New — Listed 2 days ago- MLS Number
- C13231792
- Property Type
- Condo
- Status
- active
- Days on Site
- 2
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 600 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- None
- Exposure
- North
- Balcony
- Open
- Listing Brokerage
- BENCHMARK SIGNATURE REALTY INC.
Priced to sell and ready for move-in before school starts, this well-designed one-bedroom plus den, two-bathroom suite is located at 88 Queen Condos at the intersection of Church and Queen in downtown Toronto. Freshly painted throughout, the thoughtfully chosen neutral tones provide a versatile backdrop suited to any furniture style and are ready for colourful accent pieces. The layout extends outdoors with a 103-square-foot private balcony. A unique builder upgrade introduces integrated lighting into the living and dining areas-an enhancement impossible to retrofit-ensuring the primary living spaces are exceptionally bright. Residents have access to a wide range of building facilities, starting with a co-working space, movie theatre, guest suites, and a conservatory. Health and wellness options feature a jacuzzi tub, an aerial yoga area, and a complete fitness centre. For socializing and outdoor relaxation, the building offers an infinity pool with cabanas, a terrace equipped with BBQs and a fireplace, alongside indoor lounges, a dining area, and a dedicated party room. Positioned for straightforward city access, the site is a short 3-minute stroll to the TTC and a 7-minute commute on foot to the Financial District, with multiple restaurants right at your doorstep. The property is in very close proximity to Toronto Metropolitan University, George Brown College, the University of Toronto, St. Michael's Hospital, CF Toronto Eaton Centre, and Union Station. High-speed internet from Rogers is included with the suite.
Estimate your monthly payments for this property
Estimated Payment
$2,852.57/mo
Includes CMHC insurance ($15,512)
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.
88 Queen Street Unit 1212, 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 $927/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.
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 $2,317 (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.