$699,880 - 569 King Street Unit 409, Cabbagetown
Condo for Sale in Cabbagetown
126 days on market- MLS Number
- C12807540
- Property Type
- Condo
- Status
- active
- Days on Site
- 126
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- Owned
- Exposure
- South
- Balcony
- Terrace
- Listing Brokerage
- RIGHT AT HOME REALTY
Stylish and Immaculately Kept 1+1 Bedroom Condo in the Heart of Corktown. Discover this bright and beautifully maintained 1+1 bedroom condo perfectly positioned in Toronto's lively Corktown community. Nestled within an intimate 6-storey boutique residence at King & Sumach, this spacious suite offers approximately 716 sq. ft. of interior living space plus a 161 sq. ft. south-facing Large private terrace, ideal for relaxing or entertaining outdoors. Step inside to find rare 10-foot ceilings, exposed concrete floors, and floor-to-ceiling windows that flood the suite with natural light. The open-concept design seamlessly integrates the modern kitchen with the living and dining areas, creating an inviting flow for both everyday living and hosting guests. The generous den serves as the perfect home office, guest space, dining room, or creative nook.The primary bedroom features a walk-in closet and direct access to a stylish 4-piece bathroom. Additional highlights include in-suite laundry, owned parking, and a private locker for added convenience.Located just minutes from downtown-only a few stops to the Financial District-you'll enjoy effortless access to Riverside, Leslieville, the Canary District, the Distillery District. Outdoor lovers and pet owners will appreciate the nearby parks and dog-friendly green spaces.Residents benefit from access to amenities in the neighbouring Corktown II building, including a fitness centre, party room, and visitor parking. This move-in-ready home perfectly blends modern urban living with boutique charm. With the King streetcar at your door and easy access to the DVP, Gardiner Expressway, and Union Station, commuting is convenient.Whether you're a first-time buyer, downsizing, or investor, this condo offers exceptional value, comfort, and lifestyle. Welcome to modern city living at its finest. Measurements and Taxes to be verified by Buyer and/or Buyer's Agent. (Furniture in Photos may not reflect the current setup of the property)
Estimate your monthly payments for this property
Estimated Payment
$3,590.75/mo
Includes CMHC insurance ($19,527)
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.
569 King Street Unit 409, 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 $1000/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 126 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 $2,916 (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.