$550,000 - 15 Maitland Place Unit 1609, Cabbagetown
Condo for Sale in Cabbagetown
43 days on marketNeighbourhood: Cabbagetown-South St. James Town
- MLS Number
- C13163514
- Property Type
- Condo
- Status
- active
- Days on Site
- 43
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 800 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- Common
- Exposure
- South
- Balcony
- None
- Listing Brokerage
- REAL ESTATE HOMEWARD
Welcome to L'Esprit Condominiums located at 15 Maitland Place - offering a true executive lifestyle living experience in the heart of downtown Toronto. This spacious 1-bedroom plus large separate den/family room is approx. 810 sq. ft., which makes it over 200 sq. ft. larger than the Toronto average for a 1-bedroom+den of similar price point. The versatile den/family room easily converts into a second bedroom/nursery or private home office (see floor plan/video). The bright, spacious layout features a modern updated kitchen with designer offered ceiling, updated bathroom with walk in shower and modern tile, updated lighting, and vanity. The unit features a stunning 30 foot wall of floor-to-ceiling windows showcasing spectacular views overlooking the south courtyard, city and lake views. Ideal for investors with easy to manage all inclusive maintenance fee, executive couple working from home with the multiple boardrooms and lounges, or the buyer trading down from the big house in the suburbs. This highly sought-after executive style building offers resort-style amenities: rooftop tennis court and running track, indoor basketball, squash courts, atrium-style pool, modern gym with free weights/cardio, private bistro, multiple boardrooms, Stylish library, video lounge, expansive modern party room and other renovated lounge areas. Includes deeded parking, a storage locker, and all utilities included in the maintenance fees. New common EV charging stations being considered and likely approved. Experience unmatched value, space, and lifestyle-book your viewing and include a tour of the exceptional amenities, don't delay!
Estimate your monthly payments for this property
Estimated Payment
$2,821.79/mo
Includes CMHC insurance ($15,345)
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 Cabbagetown-South St. James Town
Cabbagetown-South St. James Town 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 Cabbagetown-South St. James Town
- •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
Cabbagetown-South St. James Town 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.
15 Maitland Place Unit 1609, 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
Competitive Pricing
At $688/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 43 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 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.
About Cabbagetown-South St. James Town
I know Cabbagetown-South St. James Town 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 $2,292 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.