$839,000 - 225 Sumach Street Unit 605, Cabbagetown
Condo for Sale in Cabbagetown
34 days on marketNeighbourhood: Regent Park
- MLS Number
- C13584778
- Property Type
- Condo
- Status
- active
- Days on Site
- 34
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- Owned
- Exposure
- South West
- Balcony
- Open
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Experience Toronto's Urban Lifestyle At Its Finest In This Beautifully Appointed Condo Located In The Heart Of The Vibrant Corktown Neighbourhood. This Modern Suite Offers The Perfect Blend Of Style,Comfort, And Everyday Convenience, Making It An Excellent Choice For Professionals, Couples, Or Anyone Looking To Enjoy Downtown Living.Filled With Natural Light, The Bright Open-Concept Layout Creates A Warm And Inviting Atmosphere Ideal For Both Relaxing And Entertaining.The Contemporary Kitchen Features Quartz Countertops, A Breakfast Bar,And Plenty Of Cabinetry, Providing A Functional And Stylish Space For Everyday Living. The Living Room Is Enhanced With Smart Home Motorized Blinds, Offering Effortless Comfort, Privacy, And A Modern Touch. TheSpacious Primary Bedroom Includes A Private Ensuite Bathroom, Offering Comfort And Privacy.Step Outside Onto The Spacious Balcony And Enjoy Great City Views,Perfect For Morning Coffee Or Unwinding After A Busy Day. This Unit Also Includes A Dedicated Parking Space And Two Lockers, Adding Extra Convenience And Storage.Ideally Situated Just Minutes From Downtown Toronto, You'll Enjoy Easy Access To Parks, Public Transit, Restaurants, Cafés, Shopping, The Distillery District, The Financial District, And Many Of The City's Best Attractions.A Fantastic Opportunity To Enjoy Modern Condo Living In One Of Toronto's Most Desirable And Well-Connected Communities.
Estimate your monthly payments for this property
Estimated Payment
$4,304.50/mo
Includes CMHC insurance ($23,408)
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
Regent Park 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
- •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 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.
225 Sumach Street Unit 605, 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 $839/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 34 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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
About Regent Park
I know Regent Park 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 $3,496 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.