$600,000 - 77 Maitland Place Unit 409, Cabbagetown
Condo for Sale in Cabbagetown
Neighbourhood: Cabbagetown-South St. James Town
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- MLS Number
- C13794550
- Property Type
- Condo
- Status
- active
- Days on Site
- 21
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 900 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Taxes (2025)
- $3,069
- Maintenance Fees
- $883/mo
- Locker
- Exclusive
- Exposure
- West
- Balcony
- Open
- Listing Brokerage
- REAL ESTATE HOMEWARD
This is an opportunity to acquire over 900 Square feet of move in ready living space with a ton of upside potential to renovate later to build equity quickly. Welcome to Celebrity Place Condominiums, a hidden downtown gem at 77 Maitland Place; set within gated, park-like setting in the heart of Toronto. This unit was owned by the same resident since 1995, they are rarely offered for sale. Why pay for someone else's renovation you likely will want to redo one day anyway. This largest model in the building for 2 full bedrooms, 2 full baths at over 900 Sq. Ft., plus, an additional 150 Sq. Ft. balcony. The generous principal rooms and layout provides exceptional fundamentals for end users and investors alike. The master bedroom is huge, large ensuite laundry closet with existing rough-in for attachments. Large rectangular balcony accommodates full outdoor furniture settings, adding meaningful living space to the unit. The kitchen remains original and very functional; an ideal value-add opportunity to be had. Meticulously maintained, the suite is ready to enjoy now, and renovate over time. Celebrity Place is known for its mature, stable ownership, supporting long-term value and demand. Steps to hospitals, both universities, premier shopping, dining, and live theatre district. Quick access to the DVP, Gardiner expressway, and both subway lines (approx. 10-minute walk). Positioned on the 4th floor level connecting the north and south towers-this unit offers seamless access to the many amenities without changing elevators. Amenities include 5 star 24-hour concierge, visitor parking, common EV charging stations, carwash bay, party & video rooms, full gym, squash courts, library, and a private in-house convenience store. Buy, renovate, and capitalize-or move in, enjoy and upgrade over time. This is downtown condo investing done right.
Estimate your monthly payments for this property
Estimated Payment
$3,078.31/mo
Includes CMHC insurance ($16,740)
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 Cabbagetown-South St. James Town
Cabbagetown-South 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 Cabbagetown-South 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
Cabbagetown-South 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.
77 Maitland Place 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
Competitive Pricing
At $667/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 21 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 $883/month fees should cover building insurance, common elements, and reserve contributions.
Efficient Living
At 900 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.
About Cabbagetown-South St. James Town
I know Cabbagetown-South St. James Town 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 $2,500 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.