$889,900 - 135 Lower Sherbourne Street Unit LPH 2930, Cabbagetown
Condo for Sale in Cabbagetown
Neighbourhood: Waterfront Communities C8
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- MLS Number
- C13752600
- Property Type
- Condo
- Status
- active
- Days on Site
- 29
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 800 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Taxes (2026)
- $4,489
- Maintenance Fees
- $802/mo
- Locker
- None
- Exposure
- West
- Balcony
- Open
- Listing Brokerage
- SMART SOLD REALTY
Welcome to the Lower Penthouse at Time & Space by Pemberton! This bright, airy, and exceptionally spacious 885 sq. ft. + 143 sq. ft. balcony 3-bedroom, 3-full-bathroom suite offers spectacular, unobstructed southwest views of Lake Ontario and the iconic CN Tower. Highlights include soaring 9-ft ceilings, expansive wall-to-wall windows that flood the home with natural light, and stylish wide 7.5-inch laminate flooring throughout.The smart and functional floor plan is thoughtfully designed to maximize living space, featuring distinct separate living and dining areas, as well as a sleek open-concept kitchen with premium modern appliances. Each of the three bedrooms is designed for comfort and privacy: the primary bedroom features a private ensuite bath; the true exterior second bedroom enjoys abundant natural light; and the versatile third bedroom comes complete with its own dedicated full bathroom, making it ideal as a guest suite, dedicated home office, or third bedroom.A major highlight of this property is the rare, prime parking space conveniently located on Level 2 (above-ground podium level), offering ultimate convenience without ever needing to drive down into underground parking garages.Residents enjoy world-class building amenities, including a 24-hour concierge, state-of-the-art fitness centre, yoga studio, private theatre room, games room, party rooms, a stunning rooftop outdoor pool, relaxing lounges, outdoor BBQ areas, and multiple landscaped outdoor terraces.Situated in a prime downtown location, you are just steps away from the historic St. Lawrence Market, the Financial District, vibrant restaurants, cozy cafés, shopping, the waterfront, and top entertainment venues. A rare 3-bedroom, 3-bathroom opportunity offering an unmatched downtown lifestyle and exceptional rental investment potential!
Estimate your monthly payments for this property
Estimated Payment
$4,565.65/mo
Includes CMHC insurance ($24,828)
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.
135 Lower Sherbourne Street Unit LPH 2930, 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 $1112/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 29 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 $802/month fees should cover building insurance, common elements, and reserve contributions.
Efficient Living
At 800 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.
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.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.