$1,190,000 - 55 Ontario Street Unit 902, Cabbagetown
Condo for Sale in Cabbagetown
38 days on marketNeighbourhood: Moss Park
- MLS Number
- C13571130
- Property Type
- Condo
- Status
- active
- Days on Site
- 38
- Bedrooms
- 1
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- Owned
- Exposure
- North East
- Balcony
- Terrace
- Listing Brokerage
- CHESTNUT PARK REAL ESTATE LIMITED
One of Corktown's most beautifully renovated residences, featuring one of the largest private terraces in the neighbourhood. Following an extensive $80,000+ custom renovation in 2025, this exceptional home was reimagined as a luxurious one-bedroom retreat, offering the flexibility to easily convert back to its original two-bedroom layout. The spectacular 600 sq. ft. professionally landscaped private terrace creates a seamless extension of the living space, offering the perfect setting for entertaining, dining al fresco, or simply relaxing outdoors. Inside, every detail has been thoughtfully curated. Wide-plank hardwood floors, smooth skim-coated 12-foot ceilings, and exceptional millwork elevate the home throughout. The designer kitchen is complemented by a custom coffee bar with a wine fridge, Pietra stone marble countertop, and additional built-in storage. The living room features beautifully integrated built-ins with a dedicated workspace, while the elegant entry is anchored by a custom Pietra stone console with additional storage. The expansive open-concept layout is bright and inviting, while the luxurious primary retreat offers extra-wide floor-to-ceiling windows, a full wall of custom built-ins, a spacious walk-in closet with exceptional storage, and a beautiful four-piece ensuite. Designed to maximize space and luxury, the current layout could easily be reconfigured into a two-bedroom should a future owner desire. Located in the heart of vibrant Corktown, you're just steps from King East, the Distillery District, Corktown Common, neighbourhood cafes, acclaimed restaurants, and the future Ontario Line. Residents enjoy outstanding amenities, including an outdoor pool, guest suite, rooftop terrace with BBQs, a sun deck, fully equipped fitness centre, party room, and visitor parking. Complete with parking and a locker, this is a truly one-of-a-kind opportunity to own one of the neighbourhood's most exceptional homes.
Estimate your monthly payments for this property
Estimated Payment
$5,263.77/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 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.
55 Ontario Street Unit 902, 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 $1190/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.
Market Position
At 38 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 $4,958 (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.