$799,000 - 13 Bright Street, Cabbagetown
Townhouse for Sale in Cabbagetown
Neighbourhood: Moss Park
- MLS Number
- C13636912
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 19
- Bedrooms
- 3
- Bathrooms
- 1
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Listing Brokerage
- ROYAL LEPAGE REAL ESTATE SERVICES HEAPS ESTRIN TEAM
Welcome to 13 Bright Street, an exceptional offering in the heart of Corktown, one of Toronto's most vibrant, connected and family friendly downtown neighbourhoods. Offering approximately 1,351 square feet on a lot with 16 feet of frontage and approximately 88.50 feet of depth, this property presents an outstanding opportunity for investors, builders and renovators. A complete gut renovation awaits, offering the chance to transform the existing home or build a custom townhouse in the heart of Toronto's East End. A rear laneway parking space adds further convenience and value.The location is exceptional. With the King and Queen Street East streetcars just steps away, downtown Toronto is effortlessly accessible, while the Don Valley Parkway provides seamless connectivity beyond the core. King Street East and Queen Street East are home to acclaimed restaurants, cafes, bakeries, boutiques and everyday conveniences. The Distillery District, St. Lawrence Market, Canary District, Riverside, Leslieville, The Beaches and the waterfront are all within easy reach.Bright Street is a quiet residential street that offers an exceptional setting for families. Surrounded by parks, playgrounds, schools and community amenities, it delivers the perfect balance of urban convenience and neighbourhood charm, making it an ideal place to build a forever family home.Bright Street Playground and Sackville Playground are moments away, while Underpass Park, Corktown Common and the Lower Don Valley Trails provide exceptional outdoor recreation. Nearby schools, community facilities, hospitals and essential services further enhance this remarkable location.Defined by historic character, thoughtful growth and a strong sense of community, Corktown remains one of Toronto's most desirable neighbourhoods to live, invest and build.
Estimate your monthly payments for this property
Estimated Payment
$4,099.28/mo
Includes CMHC insurance ($22,292)
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 Moss Park
Moss Park 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 Moss Park
- •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
Moss Park 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.
13 Bright Street, Regent Park / Cabbagetown / St. James Town
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Rental income estimator & ROI calculator
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
Competitive Pricing
At $726/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 19 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.
Townhouse Benefits
Townhouses offer an excellent balance of space and maintenance. You get more room than a condo with lower upkeep than a detached home. Key things to verify: whether it's freehold or condo-titled (affects fees and rules), and the condition of shared walls for noise considerations. Townhouses in Cabbagetown have shown strong appreciation as families seek more space.
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.
About Moss Park
I know Moss Park 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 $3,329 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.