$1,299,000 - 281 Mutual Street Unit PH2, Cabbagetown
Condo for Sale in Cabbagetown
New — Listed 4 days agoNeighbourhood: Church-Yonge Corridor
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- MLS Number
- C13799314
- Property Type
- Condo
- Status
- active
- Days on Site
- 4
- Bedrooms
- 2
- Bathrooms
- 3
- Square Feet
- 1,400 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- Owned
- Exposure
- South
- Balcony
- Terrace
- Listing Brokerage
- REVEL REALTY INC.
Walk in carefully, the floor-to-ceiling view of the city might knock you off your feet. This tri-level executive penthouse spans the 29th to 31st floors of RadioCity. The main floor opens with soaring ceilings and a kitchen built for people who actually cook: a quartz peninsula, KitchenAid stainless appliances including a gas stove, and a built-in dishwasher. A custom staircase framed by glass partitions ties living, dining, and kitchen into one light-filled space, anchored by an elegant gas fireplace and custom built-ins, plus a powder room. Down on the 29th floor, the sky doesn't disappear, it just gets more private. Two bedrooms share this level, both with unobstructed south views. The primary suite is sized like a house's, with a walk-in closet, a 5-piece ensuite, and custom blinds. A third full bathroom serves the second bedroom. Two separate HVAC systems, each on its own thermostat, let the bedrooms and the living space run at different temperatures. And if cooking in that kitchen wasn't enough, picture grilling on your 580 square-foot, south-facing rooftop terrace, overlooking the city and entertaining your friends. The 31st floor terrace has a full outdoor kitchen, gas BBQ hookup, an electric awning, an irrigation system, and a phantom screen door for easy indoor-outdoor flow, an entertaining space most houses can't touch. RadioCity has a story worth knowing: the site of Canada's first television broadcast, once the CBC's English-language home, with architecture awards including the radioVILLE courtyard artwork by Roland Brener. An active party room and courtyard socials make it a genuinely welcoming building. Practical perks: one parking spot, two lockers, and a dedicated terrace storage box. Steps from the Financial Core, with transit and offices at your door and the National Ballet School of Canada as your neighbour. Few addresses downtown offer this much space, this much sky, and this much story.
Estimate your monthly payments for this property
Estimated Payment
$5,745.92/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 Church-Yonge Corridor
Church-Yonge Corridor 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 Church-Yonge Corridor
- •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
Church-Yonge Corridor 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.
281 Mutual Street Unit PH2, Regent Park / Cabbagetown / St. James Town
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Rental income estimator & ROI calculator
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 $928/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Cabbagetown's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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.
Bathroom Count Matters
With 3 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 Church-Yonge Corridor
I know Church-Yonge Corridor 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 $5,413 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.