$724,900 - 51 Trolley Crescent Unit 405, Cabbagetown
Condo for Sale in Cabbagetown
160 days on market- MLS Number
- C12714890
- Property Type
- Condo
- Status
- active
- Days on Site
- 160
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- Owned
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Welcome to River City Condos where sustainable living meets modern urban style! Step inside one of Toronto's first Gold LEED-certified residential communities, perfectly located in the city's vibrant downtown east. This bright and spacious suite offers true loft vibes, featuring exposed concrete ceilings and ducts, floor-to-ceiling windows, and hardwood floors throughout. Enjoy the ideal split-bedroom layout for added privacy and versatility. The primary suite features walk-through double closets and a fully tiled ensuite bath, while the second bedroom includes a double closet and a charming Juliette balcony. The modern kitchen has been thoughtfully updated with quartz countertops, a ceramic tile backsplash, and a stainless steel sink and faucet. Step out to your private balcony and take in the unobstructed southeast views - ideal for sunrise coffees or afternoon cocktails with friends! Don't miss the epic sunrise photos! Residents of River City enjoy fantastic amenities, including a gym, party room, guest suites, and visitor parking - along with shared access to an outdoor pool and BBQ area. Unit 405 is on just one of three floors with easy access via the connected bridge to all amenity spaces, the parking garage and additional elevators. Nestled in the heart of the West Don Lands and Corktown neighbourhoods, you're just steps to Underpass Park and Corktown Commons. With a Walk Score of 98 and Bike Score of 97, you're perfectly positioned for city living - surrounded by great cafes, dining, shops, and recreation, plus direct access to the Lower Don Trail and other city bike paths. Bonus: this unit comes with two bike racks and two storage lockers - so you'll never run out of space! Only minutes to some of Toronto's coolest neighbourhoods - Distillery District, St. Lawrence Market, Leslieville, and East Chinatown, with quick access to transit and the DVP.
Estimate your monthly payments for this property
Estimated Payment
$3,719.11/mo
Includes CMHC insurance ($20,225)
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 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.
51 Trolley Crescent Unit 405, 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 $1036/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.
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.
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.
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 $3,020 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.