$850,000 - 20 Lombard Street Unit 4006, Cabbagetown
Condo for Sale in Cabbagetown
160 days on market- MLS Number
- C12477622
- Property Type
- Condo
- Status
- active
- Days on Site
- 160
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- Owned
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- SUTTON GROUP-HERITAGE REALTY INC.
Experience luxury living in the heart of downtown Toronto at Great Gulf's iconic 20 Lombard! Perched high above the city on the 40th floor, this stunning south-facing 1 bed + spacious den (with doors), 2 bath residence showcases breathtaking views of Lake Ontario. Thoughtfully designed with high-end finishes throughout, this suite features upgraded wood flooring, 9 ft smooth ceilings, custom cabinetry, and a gourmet kitchen complete with Caesarstone countertops and backsplash, premium European built-in appliances, a gas cooktop, and a sleek centre island-ideal for cooking, dining, and entertaining. The bright and airy open-concept living and dining area is framed by floor-to-ceiling windows, filling the space with natural light and highlighting the modern urban design. Step out onto your expansive 234 sq. ft. balcony with two walkouts, a water line, power outlets, and a built-in gas line-perfect for enjoying morning coffee, evening cocktails, or simply taking in the mesmerizing lake and city views. The spacious den offers flexibility to serve as a comfortable second bedroom, home office, or guest space, adapting effortlessly to your lifestyle. This building has an explicit ban on AirBNB rentals. Residents of 20 Lombard enjoy access to an exceptional array of amenities, two fully equipped fitness centres, two outdoor swimming pools, two lockers for extra storage one conveniently located on the 5th floor, a meeting and party room, quiet study areas, and an expansive rooftop deck and garden with panoramic city views. Perfectly situated, you're just steps from Yonge-Dundas Square, the Toronto Eaton Centre, St. Lawrence Market, and the Distillery District, with King and Queen Street subway and streetcar lines moments away for effortless connectivity across the city.
Estimate your monthly payments for this property
Estimated Payment
$4,360.94/mo
Includes CMHC insurance ($23,715)
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 Regent Park / Cabbagetown / St. James Town
Regent Park / Cabbagetown / 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 Regent Park / Cabbagetown / 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
Regent Park / Cabbagetown / 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.
20 Lombard Street Unit 4006, 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
Premium Pricing
At $1214/sqft, this property is priced above the Cabbagetown average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Negotiation Opportunity
At 160 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.
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 700 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.
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 $3,542 (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.