$1,888,000 - 55 Merchants' Wharf Street Unit 324, Cabbagetown
Condo for Sale in Cabbagetown
133 days on marketNeighbourhood: Waterfront Communities C8
- MLS Number
- C12815470
- Property Type
- Condo
- Status
- active
- Days on Site
- 133
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,200 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- None
- Exposure
- South West
- Balcony
- Open
- Listing Brokerage
- HOMELIFE GOLCONDA REALTY INC.
Welcome to Aqualuna at Bayside Toronto by Tridel, a landmark of refined waterfront living in the heart of Toronto's vibrant East Bayfront. This exceptional luxury residence offers breathtaking, unobstructed lake views and features two private balconies, creating the perfect setting to enjoy stunning sunrises and serene waterfront evenings.Spanning approximately 1,372 sq. ft., this bright and spacious suite showcases a thoughtfully designed open-concept layout ideal for modern living and entertaining. The unit features 2 generous bedrooms plus a versatile den (perfect for a home office or guest space), along with 3 full bathrooms for ultimate comfort and convenience. Floor-to-ceiling windows flood the home with natural light, enhancing the contemporary finishes and seamless flow throughout the living and dining areas. One underground parking space is included.Enjoy an unparalleled lifestyle just steps from the waterfront and within walking distance to Sugar Beach, scenic parks, and everyday conveniences. Prime location near George Brown College, Loblaws, LCBO, the Jack Layton Ferry Terminal, St. Lawrence Market, and the historic Distillery District-offering world-class dining, shopping, and entertainment at your doorstep.Residents enjoy state-of-the-art amenities including a party room, media room, rooftop pool and hot tub overlooking the lake, BBQ areas, fully equipped fitness centre, library, and 24-hour concierge service. Experience sophisticated urban waterfront living at its finest in one of Toronto's most prestigious new communities.
Estimate your monthly payments for this property
Estimated Payment
$8,351.26/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 Waterfront Communities C8
Waterfront Communities C8 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 Waterfront Communities C8
- •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
Waterfront Communities C8 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.
55 Merchants' Wharf Street Unit 324, 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
Premium Pricing
At $1573/sqft, this property is priced above the Cabbagetown average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Negotiation Opportunity
At 133 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.
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.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
About Waterfront Communities C8
I know Waterfront Communities C8 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.