$549,000 - 60 Tannery Road Unit 1118, Cabbagetown
Condo for Sale in Cabbagetown
160 days on market- MLS Number
- C12458369
- Property Type
- Condo
- Status
- active
- Days on Site
- 160
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 600 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- Owned
- Exposure
- North
- Balcony
- Open
- Listing Brokerage
- SOTHEBY'S INTERNATIONAL REALTY CANADA
Discover the pinnacle of refined urban residency at 60 Tannery Rd, Unit 1118, within the prestigious Canary Block Condominiums a captivating 1-bedroom plus den residence flooded with sunlight via soaring floor-to-ceiling panes, flowing out to a spacious balcony boasting panoramic urban panoramas. Expertly crafted for fluid city existence, this adaptable haven molds seamlessly to your preferences, featuring the flexible den that converts into an efficient workspace. Mere moments from the lively Distillery District, storied Corktown, and picturesque Cabbagetown, immerse yourself in Torontos pulsating artistic essence, mere blocks from Ryerson University, the Eaton Centre, and Dundas Square. Transportation flows without hindrance, courtesy of swift links to TTC lines, GO Transit, the Gardiner Expressway, and the DVP, anchoring the citys vibrant nucleus just beyond your threshold. Marking the thrilling latest installment in the Canary Districts triumphant narrative, Canary Block extends the heritage of the 2015 Pan/Parapan Am Games Athletes Village, injecting this 35-acre meticulously orchestrated enclave in Toronto's Downtown East with invigorating dynamism and zest. Encompassing the vast 82,000 sq.ft. Cooper Koo Family YMCA, George Brown Colleges pioneering dormitories, varied housing complexes, and the wellness-oriented allure of the Front Street Promenade, Canary District flourishes as a bustling, expanding enclave. Effortlessly linked to the verdant 18-acre Corktown Common greenspace, winding pathways, and the bohemian charm of the Distillery District, Leslieville, and central Toronto, it stands as the ideal locale for residing, toiling, browsing, and revelling. One of Torontos most electrifying and coveted enclaves and an extraordinary residence!
Estimate your monthly payments for this property
Estimated Payment
$2,816.65/mo
Includes CMHC insurance ($15,317)
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.
60 Tannery Road Unit 1118, Regent Park / Cabbagetown / St. James Town
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
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 $915/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 160 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 600 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 $2,288 (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.