$497,000 - 20 Richardson Street Unit 2901, Cabbagetown
Condo for Sale in Cabbagetown
126 days on market- MLS Number
- C12797830
- Property Type
- Condo
- Status
- active
- Days on Site
- 126
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 500 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- Owned
- Exposure
- South East
- Balcony
- Terrace
- Listing Brokerage
- ROYAL LEPAGE MAXIMUM REALTY
Experience refined urban living in this stunning 1-bedroom, 1-bathroom residence in the heart of Toronto's coveted waterfront community. Expertly crafted by the renowned The Daniels Corporation, this condominium seamlessly blends quality construction with sophisticated, contemporary design. The thoughtfully designed open-concept layout showcases top-of-the-line Miele stainless steel built-in appliances, sleek modern cabinetry, and elegant finishes throughout. An upgraded centre island enhances both form and function - offering additional prep space, casual dining, and integrated microwave storage. The spacious four-piece bathroom provides a serene, spa-like retreat. Floor-to-ceiling windows flood the interior with natural light while framing unobstructed views, including tranquil vistas of the water. High ceilings and an intelligent layout create a bright, airy ambiance that feels both expansive and inviting. An owned, generously sized locker adds valuable storage convenience. Residents enjoy an exceptional suite of amenities, including 24/7 concierge service, a fully equipped fitness centre, tennis and basketball courts, rooftop lounge, stylish party room, guest suites, and more - offering a lifestyle of comfort and ease. Perfectly situated in the vibrant South Core, this premier address places you just moments from the waterfront, the Financial District, the Distillery District, and St. Lawrence Market. Enjoy effortless connectivity with proximity to Union Station, TTC transit, and George Brown College, along with an array of acclaimed restaurants and convenient grocery options at your doorstep. A rare opportunity to own a move-in-ready gem in one of Toronto's most dynamic neighbourhoods - where luxury, location, and lifestyle meet.
Estimate your monthly payments for this property
Estimated Payment
$2,549.87/mo
Includes CMHC insurance ($13,866)
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 Richardson Street Unit 2901, 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 $994/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 126 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 500 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.
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.