$916,000 - 1 scott Street Unit 202W, Cabbagetown
Condo for Sale in Cabbagetown
Neighbourhood: Waterfront Communities C8
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- MLS Number
- C13796994
- Property Type
- Condo
- Status
- active
- Days on Site
- 20
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Taxes (2025)
- $4,276
- Maintenance Fees
- $949/mo
- Locker
- Owned
- Exposure
- South West
- Balcony
- None
- Listing Brokerage
- HOMELIFE/MIRACLE REALTY LTD
Welcome to this beautifully renovated 2-bedroom, 2-bathroom suite at the highly sought-after London on The Esplanade. Bright, spacious and thoughtfully designed with an exceptional entertainer's layout, this stylish home features expansive picture windows offering abundant natural light and charming Old Town architectural views.The modern kitchen is anchored by a stunning custom Statuario Quartex waterfall island, with new sinks, brushed nickel faucets and upgraded appliances, including a fully integrated Bosch dishwasher, built-in GE glass-top cooktop and GE French-door refrigerator.Storage is maximized throughout with custom California Closets (2020) in both bedrooms and the pantry/laundry room. The generous primary bedroom easily accommodates a king-sized bed and features a 4-piece ensuite. The well-proportioned second bedroom is ideal for guests or a home office, while the versatile multi-purpose family room offers additional space that can function as a den. Ideally located between the Financial District and St. Lawrence Market, enjoy outstanding restaurants, cafés, transit and downtown conveniences at your doorstep.London on The Esplanade offers 10,000 sq. ft. of premium amenities, including an outdoor pool, fitness centre, yoga studio, sauna, steam room, library, media and billiards rooms, lounges, guest suites, theatre, party room and 24-hour concierge.Why this unit stands out:Corner unit accessible with just 1 flights of stairsVersatile family room/denExpansive windows and abundant natural lightGym, library, pool, BBQ area, lounge and yoga studio on the same floorSteps from St. Lawrence MarketNo Frills directly across the street on The Esplanade.
Estimate your monthly payments for this property
Estimated Payment
$4,699.55/mo
Includes CMHC insurance ($25,556)
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 Waterfront Communities C8
Waterfront Communities C8 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 Waterfront Communities C8
- •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
Waterfront Communities C8 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.
1 scott Street Unit 202W, 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 $916/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 20 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. The $949/month fees should cover building insurance, common elements, and reserve contributions.
About Waterfront Communities C8
I know Waterfront Communities C8 well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
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 $3,817 (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.