$1,049,000 - 90 Sherbourne Street Unit 407, Cabbagetown
Condo for Sale in Cabbagetown
New — Listed 4 days agoNeighbourhood: Moss Park
- MLS Number
- C13515064
- Property Type
- Condo
- Status
- active
- Days on Site
- 4
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 1,400 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- Exclusive
- Exposure
- South East
- Balcony
- None
- Listing Brokerage
- PSR
Welcome to Imperial Lofts! Where Toronto's industrial past meets its Imperial future! Constructed in 1910 and home to the Imperial Optical Company in its early years, and used as a warehouse for various manufacturers through the mid century, this historic building was thoughtfully converted into authentic loft residences in 1997 while preserving its remarkable architectural details- the dramatic arched mullioned windows and the original manually operated elevator cab that still welcomes residents and guests today. 407 holds one of the building's coveted southeast corner spots! Inside this suite history and design converge. Soaring 10.5-ft ceilings, original hardwood floors restored with care, authentic century-old red brick walls, original Douglas Fir timber beams work together to define this timeless industrial space. Wrapped in natural light from its coveted southeast exposure, this loft enjoys clear views over the neighbouring heritage art deco building, creating a sense of openness that mixes beautifully with its vintage features. With over 1400sqft of living space, the flexible guest suite/home office can be closed in if one chooses while still preserving the expansive feel of the open-concept layout. Complete with a shared rooftop terrace with BBQs, this is authentic loft living in the heart of Toronto-just steps to St. Lawrence Market, the Distillery District, the King East Design District, cafés, acclaimed restaurants, King & Queen streetcars, and the future Ontario Line. A home with history. A space with soul. A loft that's effortlessly cool.
Estimate your monthly payments for this property
Estimated Payment
$4,640.08/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 Moss Park
Moss Park 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 Moss Park
- •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
Moss Park 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.
90 Sherbourne Street Unit 407, 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 $749/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Cabbagetown's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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.
About Moss Park
I know Moss Park 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 $4,371 (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.