$1,148,000 - 45 Charles Street Unit 511, Cabbagetown
Condo for Sale in Cabbagetown
36 days on marketNeighbourhood: Church-Yonge Corridor
- MLS Number
- C13580982
- Property Type
- Condo
- Status
- active
- Days on Site
- 36
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- Ensuite+Owned
- Exposure
- South East
- Balcony
- Open
- Listing Brokerage
- THE KEY MARKET INC.
Welcome to an exceptional opportunity at The Chaz- a rarely offered, expansive 3-bedroom + den corner suite that seamlessly blends luxury, space, and location. Spanning approximately 1253 with an intelligently designed layout, this bright southeast-facing unit boasts large 9 floor-to-ceiling windows that flood the living spaces with natural light throughout the day while overlooking the serene courtyard, offering a peaceful retreat in the heart of downtown. Recently refreshed and meticulously maintained by its original owner, the suite features newly upgraded flooring, fresh paint, & a large foyer with a versatile den space. The open-concept living & dining area is perfect for entertaining, leading into a modern chefs kitchen complete with a luxurious built-in paneled double-door fridge, stainless steel built-in appliances, quartz countertops, and an oversized island with breakfast bar w/ chic pot lighting. The oversized great room offers a flexible space ideal for gatherings or relaxing after a busy day. Retreat to the expansive primary bedroom featuring three double closets, an unobstructed south-facing view, and a spa-inspired custom 4-piece ensuite bathrm. The two additional bedrms are equally generous in size, each w/ large windows and ample closet space- an extremely rare find in a downtown condo. Enjoy a quiet living experience in a rare spacious condo, away from elevators and garbage chutes, offering the comforts of a house with the ease of condo living. This suite also comes with a premium locker & parking conveniently located on P2. Residents have exclusive access to first-class amenities including the private Chaz Club on the 36/37 floors with panoramic city & lake views, a fully equipped gym, billiards rm, theatre, party rm, pet spa, BBQ courtyard, and 3 luxurious guest suites. All of this in a AAA location- just steps to TTC subway, Yorkville's upscale boutiques, world-class dining, U of T, TMU & everything the vibrant Yonge-Bloor corridor has to offer!
Estimate your monthly payments for this property
Estimated Payment
$5,077.99/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 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.
45 Charles Street Unit 511, 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 $957/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 36 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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Cabbagetown. Good resale value as demand remains consistent.
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 $4,783 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.