$539,999 - 138 Downes Street Unit 909, Cabbagetown
Condo for Sale in Cabbagetown
Neighbourhood: Waterfront Communities C8
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- MLS Number
- C13773506
- Property Type
- Condo
- Status
- active
- Days on Site
- 26
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 600 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Taxes (2026)
- $3,284
- Maintenance Fees
- $707/mo
- Locker
- Owned
- Exposure
- South
- Balcony
- None
- Listing Brokerage
- UNION CAPITAL REALTY
**Welcome to Sugar Wharf - Suite 909 | 1 Bedroom + Den Waterfront Condo in Downtown Toronto** Experience modern waterfront living at Sugar Wharf by Menkes, one of Toronto's most exciting master-planned communities. This bright and spacious 682 sq ft 1-bedroom plus den condo offers a smart open-concept layout, floor-to-ceiling windows, and plenty of natural light throughout. The versatile den is ideal for a home office, guest space, or additional living area, while the contemporary kitchen features integrated appliances, sleek cabinetry, and modern finishes. Complete with 1 locker and high-speed internet included, this suite offers the space, convenience, and lifestyle today's Buyers are looking for. Amazing Amenities You Need: Sugar Wharf offers an impressive collection of amenities, including 24-hour concierge, fitness centre, indoor pool, basketball court, yoga and Pilates studios, party and theatre rooms, games and arcade rooms, children's play areas, and a rooftop terrace with BBQs, lounges, and fire pits. Residents also enjoy an included membership to UNITY Fitness Harbourfront, plus direct access to the PATH network with retail and restaurants right within the community. Location, Location, Location: Live in one of Toronto's most connected waterfront neighbourhoods, just steps from Union Station, the Financial District, Harbourfront, Sugar Beach, St. Lawrence Market, the Distillery District, Scotiabank Arena, Rogers Centre, and the CN Tower. Enjoy easy access to the TTC, GO Transit, Gardiner Expressway, Martin Goodman Trail, grocery stores, cafés, restaurants, and everyday essentials including Loblaws and Farm Boy. Whether you're a First-Time Buyer, professional, or investor looking for a downtown Toronto condo, Suite 909 offers an exceptional opportunity to own at Sugar Wharf and experience the best of waterfront and downtown living.
Estimate your monthly payments for this property
Estimated Payment
$2,770.47/mo
Includes CMHC insurance ($15,066)
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
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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 $900/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 26 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 $707/month fees should cover building insurance, common elements, and reserve contributions.
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 $2,250 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.