$624,000 - 298 Jarvis Street Unit 506, Cabbagetown
Condo for Sale in Cabbagetown
Popular ListingNeighbourhood: Church-Yonge Corridor
- MLS Number
- C13501768
- Property Type
- Condo
- Status
- active
- Days on Site
- 8
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- None
- Exposure
- South East
- Balcony
- None
- Listing Brokerage
- PSR
Calling All Investors & End Users Alike! Welcome To Suite 506, This Beautifully Appointed, Sun-Drenched Corner Suite Spans Just Shy Of 1,200 SF! Thoughtfully Designed Living Space With 3 Spacious Bedrooms & 2 Full Bathrooms. Showcasing An Exceptional Open-Concept Layout. The Suite Features Generously Sized Principal Rooms Including An Expansive Living Area, Separate Dining Space And An Updated Kitchen Designed For Comfortable Everyday Living Or Effortless Entertaining. Enjoy Sweeping South-Facing City Views And Serene East-Facing Park Views. The Entire Suite Recently Underwent An Extensive Renovation Throughout - Offering A Fresh, Contemporary Feel Enhanced By New Flooring, Tiled Entryway, Updated Bathrooms & Kitchen, Fresh Paint, New Honeywell Thermostats. The Modern Kitchen Features New Cabinetry, Stone Countertops& Backsplash, & Ample Storage Space. The Spacious Primary Retreat Features Double Closets & A Luxurious 5-Piece Ensuite Bathroom. Two Additional Well-Proportioned Bedrooms Offer Excellent Flexibility For Families, Guests, Or A Dedicated Home Office. Residents Enjoy Outstanding Building Amenities Including A 24-Hour Concierge, Indoor Pool, Sauna, Fully Equipped Exercise Room, Squash/Racquet Court, Rooftop Deck/Garden, & Visitor Parking. Ideally Located In A Highly Sought-After Building Just Steps To U of T, TMU, TTC, Shops, Parks, Restaurants, Cafés, & Everyday Conveniences. A Rare, Turn-Key Opportunity Perfectly Suited For End-Users & Investors Who Seek Comfort, Convenience, & Exceptional Downtown Living. All Utilities Included In Maintenance Fees & 1 Parking Space Included.
Estimate your monthly payments for this property
Estimated Payment
$3,201.44/mo
Includes CMHC insurance ($17,410)
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.
298 Jarvis Street Unit 506, 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 $624/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.
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 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 $2,600 (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.