$2,898,000 - 21 Rose Avenue, Cabbagetown
Multi-Family for Sale in Cabbagetown
Neighbourhood: Cabbagetown-South St. James Town
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- MLS Number
- C13791150
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 21
- Bedrooms
- 8
- Bathrooms
- 4
- Square Feet
- 5,000+ sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Taxes (2026)
- $20,234
- Listing Brokerage
- SOTHEBY'S INTERNATIONAL REALTY CANADA
Circa 1880 Victorian Grande Dame on a rarely available 50 ft x 130 ft double lot with heritage features retained and restored, including slate roof, woodburning fireplaces, stained glass windows, pocket doors, ornate millwork, and plaster mouldings. Previously, the multi-generational home of a prominent Toronto family, this property has been owner occupied for the last 40 years with income from rental of the partial 2nd floor, 3rd floor, and separate coach house apartments. Accessed through two ground floor walkouts is an immaculate garden with mature trees, floral borders, raised vegetable beds, seating areas, and a classic water feature with stone border and antique fountain. The private drive currently has parking for two cars.*****This property is a legal fourplex and is ideally suited to a buyer looking to create a private family compound, mansion flats, or someone who will reside in the main house with income from the 3rd floor and separate 1-1/2 storey brick coach house.*****For a buyer looking to create mansion flats, the main house could be three spacious 2 bedroom plus den apartments plus the 1 bedroom separate coach house. Book a private showing appointment to view the scale and character features of this special property and see how you would bring forth its full potential.
Estimate your monthly payments for this property
Estimated Payment
$12,818.83/mo
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.
21 Rose Avenue, 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 $580/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 21 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.
Larger Home Realities
At 5,000 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Excellent Flexibility
With 8 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Cabbagetown.
Bathroom Count Matters
With 4 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
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.