$610,000 - 138 Downes Street Unit 806, Cabbagetown
New Construction for Sale in Cabbagetown
79 days on marketNeighbourhood: Waterfront Communities C8
- MLS Number
- C13323830
- Property Type
- New Construction
- Status
- active
- Days on Site
- 79
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 600 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- None
- Exposure
- East
- Balcony
- None
- Listing Brokerage
- BAY STREET GROUP INC.
Welcome To Sugar Wharf By Menkes - A Stunning East-Facing 696 Sq.Ft. 2-Bedroom, 2-Bathroom Waterfront Residence In The Heart Of Toronto's Most Exciting Downtown Community! This Bright And Efficient Suite Features Soaring 9-Ft Ceilings, An Open-Concept Kitchen/Living Layout, Engineered Hardwood Floors, Stone Countertops, Stainless Steel Appliances, Ensuite Laundry, And Two Full Bathrooms For Exceptional Everyday Comfort. Residents Enjoy The Best Of "The Lake, The Life, The City" - Steps To Sugar Beach, Harbourfront, Loblaws, Farm Boy, LCBO, St. Lawrence Market, Union Station, The Financial District, CN Tower, Parks, Shops, Restaurants, Schools, And Future PATH Connection. Built By Reputable Developer Menkes, Sugar Wharf Offers Outstanding Amenities Including 24-Hour Concierge, Fitness Centre/Membership, Indoor Pool, Basketball Court, Party Room, Theatre Room, Kids/Arts Rooms, Arcade Room, Outdoor Terrace With BBQ Area, And More. With Strong Rental Cash Flow Potential And Exceptional Downtown Convenience, This Is An Ideal Opportunity For Investors, First-Time Home Buyers, Or End-Users Seeking A Vibrant Waterfront Lifestyle. Do Not Miss!
Estimate your monthly payments for this property
Estimated Payment
$3,129.62/mo
Includes CMHC insurance ($17,019)
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.
138 Downes Street Unit 806, 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
Fair Market Value
At $1017/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 79 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.
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 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 $2,542 (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.