$6,500/mo - 400 Adelaide Street Unit LPH 03, Cabbagetown
Condo for Rent in Cabbagetown
160 days on market- MLS Number
- C12615836
- Property Type
- Condo
- Status
- active
- Days on Site
- 160
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,400 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- Owned
- Exposure
- South East
- Balcony
- Terrace
- Listing Brokerage
- SUTTON GROUP QUANTUM REALTY INC.
Welcome to the 400 Adelaide penthouse collection, this stunning condo that feels more like a home, with 9 foot ceilings featuring crown moulding and a lavish 700 sqft. Outdoor Terrace! Discover the allure of Ivory On Adelaide, Old Town Toronto's hidden gem! This stunning penthouse boasts over 2,100 square feet of luxurious interior and exterior space, featuring an exclusive, massive south-facing terrace and two additional spacious balconies that wrap around the property. Bask in the sunlight that floods your beautiful eat-in kitchen, complete with sleek quartz countertops, abundant storage, and stainless steel appliances all over looking a large living and dining area with breathtaking views of the lake. The extraordinary primary bedroom is a true retreat, featuring a walk-in closet, access to a private balcony, and a lavish ensuite bathroom equipped with double sinks, heated floors, a separate jacuzzi tub and shower perfect for unwinding after a long day! The second and third bedrooms are generously sized, ideal for a queen bed, a large office, or a cozy nursery, and each boasts walkouts to the balcony and double closets. An additional 3-piece bathroom conveniently located off the hallway adds to the home's functionality.This remarkable property also includes a prime parking spot, an oversized locker, and two bike storage spaces. With low maintenance fees covering water, this penthouse is not just a home; it's a lifestyle waiting to be embraced! Freshly painted, just waiting for you to move in. Walking Distance To Restaurants, TTC, Scotiabank Arena, Union Station, Financial District, Distillery District, St. Lawrence Market, East End Film Studios. Prime location to access major highways DVP & Gardiner. Soon to be new Ontario Line.
Discover Regent Park / Cabbagetown / St. James Town
Regent Park / Cabbagetown / St. James Town 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 Regent Park / Cabbagetown / St. James Town
- •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
Regent Park / Cabbagetown / St. James Town 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.
400 Adelaide Street Unit LPH 03, Regent Park / Cabbagetown / St. James Town
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How this lease stacks up against the local rental market
Estimated Monthly Budget
Things to Confirm Before Signing
· Are utilities included, or separate?
· How many parking spots are included?
· Is the landlord open to a 1-year or 2-year lease?
· Are pets and small renovations (paint, hooks) allowed?
· When was the last rent increase, if there is a prior tenant?
Utility estimates are approximate and vary by season, habits, and what the landlord includes. Always confirm inclusions with the listing agent.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Above Market Rent
At $6,500/mo, this is asking above the typical 3-bedroom rent of ~$3,500/mo in Cabbagetown. That premium needs to be justified — newer finishes, included parking, a premium location, or utilities included. I'll help you assess whether it's worth it or whether there's room to negotiate.
Negotiation Opportunity
At 160 days on site, this property has exceeded the typical selling timeline for Cabbagetown. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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.
Lease Terms to Negotiate
Don't just focus on the monthly rent — the lease terms matter just as much. I always advise my rental clients to clarify: what's included (parking, storage, utilities), the lease length options, the landlord's policy on renewals, and whether small personalizations like painting are permitted. These details can make or break your experience over 12–24 months.
Let's Walk Through It Together
Photos can't tell you about traffic noise, natural light at different times of day, or how well the landlord maintains the property. When we view it together, I'll assess the condition of appliances, HVAC, and finishes — and flag anything that might become a headache. I'll also help you understand the lease terms before you sign anything.