$579,000 - 298 Jarvis Street Unit 707, Cabbagetown
Condo for Sale in Cabbagetown
Neighbourhood: Church-Yonge Corridor
- MLS Number
- C13642956
- Property Type
- Condo
- Status
- active
- Days on Site
- 18
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- Owned
- Exposure
- South West
- Balcony
- None
- Listing Brokerage
- HOMELIFE BROADWAY REALTY INC.
Unlock the income potential of this bright, spacious, and highly functional 2-bedroom + 2-den suite (dens can easily be used as additional bedrooms). Currently leased to AAA tenants, this is an exceptional investment opportunity or an ideal home for large families, students, or buyers seeking strong rental income potential. The thoughtfully designed layout features laminate flooring throughout, a functional kitchen with a stylish backsplash, and 2 full bathrooms. Primary bedroom offers a large window, a 4-piece ensuite, and his-and-hers closets, 2nd bedroom and both dens feature floor-to-ceiling windows that flood the space with natural light. Enjoy an outstanding selection of building amenities, including an indoor pool, fitness centre, sauna, steam room, and squash court. Located in the heart of downtown Toronto, you're just steps from Toronto Metropolitan University, York University's downtown campus, CF Toronto Eaton Centre, Yonge-Dundas Square, TTC transit, restaurants, shopping, and entertainment. Directly across from historic Allan Gardens, the suite also enjoys beautiful downtown skyline views. Includes one parking space and one locker. All utilities are included in the maintenance fees.
Estimate your monthly payments for this property
Estimated Payment
$2,970.57/mo
Includes CMHC insurance ($16,154)
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 707, 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
Competitive Pricing
At $579/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 18 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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Cabbagetown. Good resale value as demand remains consistent.
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 $2,413 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.