$3,200/mo - 440 Parliament Street Unit 3, Cabbagetown
Multi-Family for Rent in Cabbagetown
160 days on market- MLS Number
- C12538948
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 160
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Lot Size
- 2,610 sqft
- Listing Brokerage
- RE/MAX HALLMARK REALTY LTD.
A Victorian Architectural Gem in the Heart of Cabbagetown Neighbourhood, Newly Renovated 2-Bedroom With 2 Full Bath Unit in a Classic Cabbagetown Triplex With *** Breathtaking Views Of Downtown Toronto*** Experience modern living in this fully renovated 2-bedroom suite, nestled in a beautifully restored 3-storey legal triplex in the heart of historic Cabbagetown. The building underwent a major year-long renovation-taken back to the studs with a large addition-making it feel entirely brand new.Renovations include: all new windows and doors, subfloors, hardwood flooring, kitchens, bathrooms, plumbing, separate furnace & A/C for each unit, Huge Wooden Terrace Overlooking Downtown Skyline!!! Several Skylights, stainless steel appliances, 400-amp electrical service and wiring, quartz countertops, custom cabinetry, insulation, drywall, and much more. This thoughtfully redesigned unit offers a perfect blend of heritage charm and contemporary finishes. The open-concept living and dining area features extra-high ceilings, arched windows, and high-end finishes, creating a warm, sun-filled atmosphere. The ultra-sleek kitchen is fitted with stainless steel appliances, quartz countertops, a glass-top stove, pot lights, and overlooks the tree-lined street-ideal for entertaining or relaxed evenings at home. The light-filled primary bedroom features high ceilings, large windows, and double closets. Both bathrooms are luxuriously finished with modern vanities, glass shower enclosures, and soaker tubs. A private ensuite laundry, dedicated furnace and central air, and separate metering for each unit add modern convenience. Located in the heart of Cabbagetown, you're surrounded by boutique shops, cafés, top-rated restaurants, and daily essentials-including a major grocery store just a 2-minute walk away. Streetcar access is right at your doorstep, with downtown Toronto, hospitals, green spaces, and the Financial District only minutes away. Includes: 1 parking space via laneway.
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.
440 Parliament Street Unit 3, 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
Fairly Priced Rental
At $3,200/mo, this is in line with typical 3-bedroom rents in Cabbagetown (~$3,500/mo). The rent itself may be firm, but there's often room to negotiate on lease terms — move-in date, appliance inclusions, or parking.
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.
Efficient Living
At 700 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.
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.