$599,000 - 47 Lower River Street Unit 343, Cabbagetown
Condo for Sale in Cabbagetown
32 days on marketNeighbourhood: Moss Park
- MLS Number
- C13593606
- Property Type
- Condo
- Status
- active
- Days on Site
- 32
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 600 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- Owned
- Exposure
- West
- Balcony
- Open
- Listing Brokerage
- HOMELIFE NEW WORLD REALTY INC.
Welcome to Unit 343 at River City-an exceptional 1-bedroom plus den residence offering approximately 630 sq. ft. of thoughtfully designed living space in one of Toronto's most sought-after waterfront communities. This bright and modern suite features soaring exposed concrete ceilings, floor-to-ceiling windows, and an open-concept layout that maximizes both space and natural light. The versatile den is ideal as a home office, guest space, or reading nook, making it perfect for today's lifestyle.The contemporary kitchen is equipped with integrated appliances, sleek cabinetry, quartz countertops, and ample storage, seamlessly flowing into the spacious living and dining area. Step out onto your private balcony and enjoy views of the vibrant neighbourhood. The generous bedroom features large windows and excellent closet space. One locker is included for additional storage.Residents enjoy premium amenities including an outdoor pool, fitness centre, yoga studio, party room, guest suites, rooftop terrace, concierge, visitor parking, and more. Ideally located in the heart of Corktown, you're just steps to the Distillery District, Corktown Common, the Don River trails, Canary District, YMCA, cafes, restaurants, and everyday conveniences. Easy access to the King streetcar, the future Ontario Line, Gardiner Expressway, DVP, and downtown core makes commuting effortless.An outstanding opportunity for first-time buyers, professionals, or investors looking to own in one of Toronto's most dynamic and rapidly growing neighbourhoods.
Estimate your monthly payments for this property
Estimated Payment
$3,073.18/mo
Includes CMHC insurance ($16,712)
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.
47 Lower River Street Unit 343, 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 $998/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 32 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.
Efficient Living
At 600 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.
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.
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 $2,496 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.