$1,998,000 - 39 Sherbourne Street Unit 1606, Cabbagetown
Condo for Sale in Cabbagetown
Neighbourhood: Moss Park
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- MLS Number
- C13710974
- Property Type
- Condo
- Status
- active
- Days on Site
- 22
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,800 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- Owned
- Exposure
- North West
- Balcony
- Terrace
- Listing Brokerage
- SOTHEBY'S INTERNATIONAL REALTY CANADA
True penthouse living is rarely this complete: two storeys, breathtaking skyline views, expansive outdoor spaces, and a highly functional floor plan designed to evolve with the way you live. Offering over 2,500 SF of combined indoor and outdoor living space, this rare 3+1-bedroom, 2.5-bathroom corner residence balances everyday comfort with effortless entertaining. Floor-to-ceiling windows wrap around the open-concept living, dining, and kitchen spaces, filling them with natural light, while a high ceiling enhances the living room's impressive sense of volume. Custom millwork, integrated lighting, motorized blinds, and built-in speakers are thoughtfully woven throughout, while a bioethanol fireplace with a striking tiled surround anchors the space. The custom kitchen pairs integrated appliances with quartz countertops, a marble-tiled backsplash, a walk-in pantry and an inviting breakfast bar. Multiple walkouts open onto a custom-designed terrace by Earth Inc., complete with pavers and wood flooring, a contemporary enclosure, integrated lighting, wired sound, and rare gas and water connections. Three additional bedrooms offer flexibility for family, guests, work-from-home comfort, or multi-generational living. Above, the private primary suite is a retreat in its own right, with a home office, custom walk-in closets and exceptional storage throughout. The bedroom opens directly onto a second expansive terrace with custom wood flooring, integrated lighting, and a gas line and fire pit, extending the living space to Toronto's skyline. One premium parking space with access to both vehicular lifts and two storage lockers complete this exceptional residence. Ideally situated in Toronto's historic St. Lawrence Market neighbourhood, moments from celebrated restaurants, the waterfront, Financial District, and transit.
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Estimated Payment
$8,837.83/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 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.
39 Sherbourne Street Unit 1606, 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 $1110/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 22 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.
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.
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 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.