$599,888 - 135 Lower Sherbourne Street Unit 2328, Cabbagetown
Condo for Sale in Cabbagetown
Neighbourhood: Moss Park
- MLS Number
- C13473864
- Property Type
- Condo
- Status
- active
- Days on Site
- 15
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 600 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Lot Size
- 615 sqft
- Locker
- Owned
- Exposure
- West
- Balcony
- Open
- Listing Brokerage
- RIGHT AT HOME REALTY
Sunfilled and spacious condo unit with unobstructed views of downtown Toronto and breathtaking view of the Iconic CN Tower This modern concept condo unit ( 1 bedroom plus den with 2 full size bathrooms ) is located in one of the desirable neighborhood of Prime downtown location. The Big Size den can be used as a Second Bedroom, office or creative space. The functional floor plan without any wasted space includes 9 foot smooth ceilings, floor to ceiling windows, laminate flooring throughout, stylish kitchen cabinets, quartz countertop and stainless steel built in appliances. Enjoy State-of-the-art Building Amenities Including Infinity-Edge Pool, Rooftop Garden, Outdoor BBQ Area, Gym, Games room, Yoga Studio, Party Room, Theater Room, Badminton Court and more. Steps from St. Lawrence Market, George Brown Polytechnic, No Frills, boutique shops, top-rated restaurants and the Distillery District. Easy access to TTC, Union Station, DVP makes commuting effortless. 99/100 Walk score, 100/100 Transit score. Monthly Maintenance dues also includes internet from Rogers. A Must See thus Don't miss out on this incredible opportunity!
Estimate your monthly payments for this property
Estimated Payment
$3,077.74/mo
Includes CMHC insurance ($16,737)
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.
135 Lower Sherbourne Street Unit 2328, 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 $1000/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 15 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 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.
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 $2,500 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.