$925,000 - 33 Lombard Street Unit 406, Cabbagetown
Condo for Sale in Cabbagetown
Neighbourhood: Church-Yonge Corridor
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- MLS Number
- C13811022
- Property Type
- Condo
- Status
- active
- Days on Site
- 16
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Taxes (2026)
- $5,517
- Maintenance Fees
- $1,246/mo
- Locker
- Ensuite+Owned
- Exposure
- North East
- Balcony
- Juliette
- Listing Brokerage
- CHESTNUT PARK REAL ESTATE LIMITED
Welcome to The Spire - Suite 406. If you've spent any time condo shopping downtown, you know the problem: bedrooms that barely fit a bed, dens that are really hallways, and dining tables that only exist in floor plans. This is not that condo. At 1,062 sq ft, this northeast corner two-bedroom plus den gives you actual space to live and grow. Floor-to-ceiling windows wrap the unit in light from two directions, and the layout wastes almost no space on hallways. There is a proper living room. A dining area that could fit a banquet table. And a den that, at 150 sq ft with its own wall of glass, is bigger than most bedrooms in downtown condos. It can be a second living room, a huge work from home office, or whatever your life needs next. The open kitchen has granite counters, stainless steel appliances and a breakfast bar, with dark hardwood throughout the principal rooms. The bedrooms are tucked into their own wing, away from the kitchen and entertaining space. The primary fits a king and has its own four-piece ensuite. The second takes a queen, with a full second bath and glass shower just outside the door. Fresh paint, new lighting, nothing to do but move in. Three independently controlled heating and cooling zones let you keep each part of the suite exactly how you like it. Parking and locker are both owned. There's also a storage room right in the suite, so the car and everything else you own finally have a home. The Spire is one of the best-run buildings in the core, with 24-hour concierge, a gym, guest suites, party room and rooftop terrace with BBQs. But the real amenity is outside the front door. King Station, the PATH, Financial District, St. Lawrence Market and Eaton Centre are all minutes away on foot. This is the kind of space people usually leave downtown to find. Here, you don't have to.
Estimate your monthly payments for this property
Estimated Payment
$4,745.73/mo
Includes CMHC insurance ($25,808)
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.
33 Lombard Street Unit 406, 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 $925/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 16 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. The $1246/month fees should cover building insurance, common elements, and reserve contributions.
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 $3,854 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.