$530,000 - 323 Richmond Street Unit 704, Cabbagetown
Condo for Sale in Cabbagetown
Popular ListingNeighbourhood: Moss Park
- MLS Number
- C13500158
- Property Type
- Condo
- Status
- active
- Days on Site
- 8
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 600 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- Owned
- Exposure
- North West
- Balcony
- Juliette
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Welcome to this elegant one-bedroom condo + den, featuring TWO storage lockers and owned parking steps from the elevator. "All-Inclusive" maintenance fees in a well run building that provides stability to investment. This thoughtfully designed 620-square-foot open-concept space flows seamlessly throughout, with no wasted space and finishes that welcome you home.The heart of the residence features a bright, modern kitchen appointed with sleek countertops, stainless steel appliances, and a practical breakfast bar that opens to the living area. An extra pantry provides ample storage, while the spacious living room offers the perfect gathering space. A dedicated home office with generous double closets accommodates your professional needs, and floor-to-ceiling sliding glass doors frame a charming Juliette balcony-ideal for morning coffee or quiet moments. Convenience is paramount with two dedicated storage lockers and an excellent parking spot located steps from the elevators. The building itself is impeccably managed with remarkably low maintenance fees covering all utilities, while an attentive 24-hour concierge ensures your comfort. Your location is unbeatable-steps from St. Lawrence Market, the historic Distillery District, fine dining and shopping, the vibrant King East corridor, the waterfront, and direct TTC access.Exceptional amenities include a state-of-the-art gym, basketball court, library, rooftop terrace with BBQ and gas fire gazebo, heated hot tub, sauna, billiards room, party room, coffee lounge, and two conference rooms.
Estimate your monthly payments for this property
Estimated Payment
$2,719.17/mo
Includes CMHC insurance ($14,787)
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 Moss Park
Moss 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 Moss 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
Moss 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.
323 Richmond Street Unit 704, 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 $883/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.
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.
Efficient Living
At 600 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
About Moss Park
I know Moss 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 $2,208 (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.