$1,049,000 - 88 Scott Street Unit 307, Cabbagetown
Condo for Sale in Cabbagetown
46 days on market- MLS Number
- C13065238
- Property Type
- Condo
- Status
- active
- Days on Site
- 46
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- Owned
- Exposure
- East
- Balcony
- None
- Listing Brokerage
- KELLER WILLIAMS EMPOWERED REALTY
Welcome to sophisticated downtown living at 88 Scott St - a sought-after luxury residence ideally positioned between Toronto's Financial District and the vibrant St. Lawrence Market. This beautifully appointed 2-bedroom suite offers exceptional space, soaring 12' ceilings, and a functional open-concept layout designed for both comfort and style. The combined living and dining areas offer a seamless, airy space ideal for both everyday living and entertaining. The modern kitchen seamlessly integrates with the main living space and features quartz countertops, ceramic tile backsplash, extended cabinetry, under-mount lighting, and premium built-in appliances including a Liebherr panelled refrigerator, AEG cooktop/oven/dishwasher, and Panasonic microwave. The spacious primary bedroom retreat boasts a walk-in closet with built-in storage and a luxurious 4-piece ensuite complete with soaker tub and separate glass shower. A generous second bedroom with built-in cabinetry and pot lighting offers flexibility for guests, a home office, or additional living space. A sleek 3-piece main bathroom and convenient in-suite laundry with full-sized LG washer and dryer complete the interior. This unit includes one owned parking space and one locker, offering rare convenience in the downtown core. Residents of this building enjoy an exceptional array of amenities, including 24-hour concierge, a fully equipped fitness centre with spin and yoga studios, indoor pool, rooftop terrace, party and meeting rooms, guest suites, and a private screening room. An exceptional opportunity to own in one of downtown Toronto's most prestigious buildings, just steps to Union Station, St. Lawrence Market, the Financial District, and the city's top dining and amenities.
Estimate your monthly payments for this property
Estimated Payment
$4,640.08/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.
88 Scott Street Unit 307, 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 $1049/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.
Negotiation Opportunity
At 46 days on site, this property has exceeded the typical selling timeline for Cabbagetown. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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 $4,371 (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.