$579,999 - 138 Downes Street Unit 909, Cabbagetown
Condo for Sale in Cabbagetown
Neighbourhood: Waterfront Communities C8
- MLS Number
- C13608332
- Property Type
- Condo
- Status
- active
- Days on Site
- 28
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 600 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- Owned
- Exposure
- South
- Balcony
- None
- Listing Brokerage
- UNION CAPITAL REALTY
**Welcome to Sugar Wharf - Suite 909** Experience modern waterfront living in this bright and spacious 1-bedroom plus den suite at Sugar Wharf by Menkes, one of Toronto's most exciting master-planned communities. Built in 2023, this thoughtfully designed 682 sq ft residence features a functional open-concept layout with floor-to-ceiling windows that fill the home with natural light. The versatile den is perfect for a home office, guest room, or additional living space, while the contemporary kitchen showcases integrated appliances, sleek cabinetry, and modern finishes designed for everyday living. Complete with one locker and high-speed internet included, this suite offers the perfect blend of style, comfort, and convenience. Amazing Amenities You Need: Enjoy 24-hour concierge, a state-of-the-art fitness centre, indoor pool, basketball court, yoga and Pilates studios, party and theatre rooms, arcade and games rooms, children's play areas, a rooftop terrace with BBQs, lounge areas and fire pits, plus an included membership to UNITY Fitness Harbourfront. Connected directly to the PATH network with convenient on-site retail and restaurants. Location, Location, Location: Live in Toronto's vibrant waterfront community, just steps to Union Station, the Financial District, St. Lawrence Market, Harbourfront, Sugar Beach, the Distillery District, Scotiabank Arena, Rogers Centre, and the CN Tower. Loblaws, Farm Boy, LCBO, cafés, restaurants, and the Martin Goodman Trail are all nearby, with easy access to transit and the Gardiner Expressway. Whether you're a first-time buyer, investor, or professional looking to own in one of Toronto's most sought-after waterfront communities, Suite 909 offers an exceptional opportunity to experience the very best of downtown living.
Estimate your monthly payments for this property
Estimated Payment
$2,975.69/mo
Includes CMHC insurance ($16,182)
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 909, Regent Park / Cabbagetown / St. James Town
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
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 $967/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 28 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 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 $2,417 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.