$999,000 - 52 Sumach Street Unit 402, Cabbagetown
Condo for Sale in Cabbagetown
41 days on marketNeighbourhood: Moss Park
- MLS Number
- C13560774
- Property Type
- Condo
- Status
- active
- Days on Site
- 41
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- Owned
- Exposure
- East
- Balcony
- Terrace
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Must see unit in a boutique building! Step into this bright and spacious loft-style condo with an open-concept layout create a sense of space that's hard to find in the city. The modern kitchen with breakfast island is made for entertaining, and there's room for a full dining set for those nights in with friends.The primary suite easily fits a king bed and comes with a walk-in closet and ensuite bathroom giving you a true retreat at the end of the day. But the real showstopper is the 273 sf private terrace with a BBQ gas hookup - your own outdoor escape for morning coffee, evening drinks, or weekend hosting.Speaking of hosting the second bedroom and second full bathroom is perfect for little ones, guests, or working from home. This is city living without the compromise. Step outside and you're walking distance to King St E favourites like Gusto 501, Café Zuzu, Reyna, and Henrietta Lane, plus a short stroll to the cobblestone streets and boutique shops of the Distillery District. Craving green space? Corktown Common and the Underpass Park farmers' market (Thursdays, seasonal) are right around the corner, and St. Lawrence Market - often called the best food market in the world - is a quick walk or streetcar ride away.Steps to transit, minutes to the downtown core, and surrounded by everything that makes this pocket of the city one of the most sought-after in Toronto. The building features EV charging infrastructure, making it easy to equip your parking space with an EV charger
Estimate your monthly payments for this property
Estimated Payment
$5,125.39/mo
Includes CMHC insurance ($27,872)
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.
52 Sumach Street Unit 402, 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 $999/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 41 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.
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 $4,163 (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.