$549,000 - 65 Scadding Avenue Unit 510, Cabbagetown
Condo for Sale in Cabbagetown
Neighbourhood: Waterfront Communities C8
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- MLS Number
- C13813220
- Property Type
- Condo
- Status
- active
- Days on Site
- 15
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Taxes (2025)
- $3,107
- Maintenance Fees
- $1,257/mo
- Locker
- Owned
- Exposure
- South East
- Balcony
- None
- Listing Brokerage
- PSR
Welcome to St. Lawrence on the Park! At over 1000 sq feet, this bright and generously sized 2bed + solarium, 1.5 bath suite checks all the boxes! The open concept living and raised dining area provides a comfortable setting for family life and entertaining, while the two bedrooms are light-filled and spacious. Primary Bedroom W His/Her Closets. The versatile solarium provides the perfect space for a home office, play area or additional living area. Loads of storage and closets ensuite as well as a dedicated locker. Prime parking space conveniently located by the elevator add incredible valuable. An exceptional opportunity to create a home tailored to your own style and build equity through thoughtful updates. Enjoy an impressive array of building amenities including an indoor pool, fitness room, sauna, party room, library, 24hr concierge and visitor parking. Perfectly situated in the heart of the St. Lawrence neighbourhood, just steps to David Crombie Park, St. Lawrence Market, the Distillery District, the city's best restaurants and cafés. The waterfront and financial district are just mins away. The planned Ontario Line will add tremendous long-term value. Truly a 10/10 location! Families love nearby schools including Market Lane Junior & Senior Public School, St. Michael Catholic School and others. The generous square footage and functional floor plan provide an excellent canvas. Bring your vision and transform this spacious home into something truly special.
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 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.
65 Scadding Avenue Unit 510, 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
Competitive Pricing
At $549/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 15 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. The $1257/month fees should cover building insurance, common elements, and reserve contributions.
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.
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.
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.