$1,438,000 - 6 Luscombe Lane, Cabbagetown
Townhouse for Sale in Cabbagetown
78 days on market- MLS Number
- C13021398
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 78
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Listing Brokerage
- RE/MAX NOBLECORP REAL ESTATE
Welcome to this beautifully maintained 3-bedroom, 3-bathroom executive townhouse ideally situated in the heart of Toronto, offering the perfect blend of comfort, convenience, and urban lifestyle. This well-appointed home features a functional layout with generous living space, perfect for families or professionals, along with the added convenience of underground parking located directly beneath the unit. The generous room sizes are rare and a grand feature. Flowing seamlessly, the ceilings on the main floor are 10 ft, with potlights, hardwood, a gas fireplace, a private patio, and a modern white kitchen with tall upper cabinets. A newly installed roof adds peace of mind and long-term value to this exceptional property. Located just minutes from the iconic Yorkville, residents can enjoy upscale shopping, fine dining, and vibrant city living. This prime location is also steps from the University of Toronto, making it an excellent option for academics and end users. Immerse yourself in culture with nearby landmarks such as the Royal Ontario Museum and the Gardiner Museum, all within close proximity. Commuting is effortless with access to the TTC, including nearby Wellesley Station on Line 1, connecting you seamlessly across the city. Enjoy nearby green spaces such as Village of Yorkville Park and Queen's Park, offering a peaceful escape just steps from your door.
Estimate your monthly payments for this property
Estimated Payment
$6,360.76/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 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.
6 Luscombe Lane, Regent Park / Cabbagetown / St. James Town
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Rental income estimator & ROI calculator
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 $959/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 78 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.
Townhouse Benefits
Townhouses offer an excellent balance of space and maintenance. You get more room than a condo with lower upkeep than a detached home. Key things to verify: whether it's freehold or condo-titled (affects fees and rules), and the condition of shared walls for noise considerations. Townhouses in Cabbagetown have shown strong appreciation as families seek more space.
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.
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 $5,992 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.