7 Bowman Street, Toronto, ON
Cabbagetown-South St. James Town, Toronto · MLS® C13760076
About this home
In short
- Welcome to this beautiful Cabbagetown home, where the feeling of peace and tranquility greet you the moment you walk through the front door.
- The gourmet kitchen is a chef's dream, showcasing premium stainless steel appliances, quartz countertops, a breakfast bar, a bright eat-in area and stunning mural...
- The main floor features soaring ceilings and a dramatic two-storey lightwell above the dining room table.
- Upstairs, the luxurious primary suite features a vaulted ceiling, custom built-in closets, a walk-in closet, and a spa-inspired ensuite complete with an oversized...
- This home offers true peace of mind with 2 new roofs (house and garage), new deck, and numerous improvements.
Welcome to this beautiful Cabbagetown home, where the feeling of peace and tranquility greet you the moment you walk through the front door. This exceptional home is perfectly suited for the professional couple or wonderful single seeking a carefree turnkey lifestyle with designer finishes throughout. Step into the inviting foyer featuring elegant mosaic tile flooring, a convenient coat closet, and a stylish two-piece powder room. The gourmet kitchen is a chef's dream, showcasing premium stainless steel appliances, quartz countertops, a breakfast bar, a bright eat-in area and stunning mural direct from Italy. The main floor features soaring ceilings and a dramatic two-storey lightwell above the dining room table. It is an ideal entertainment space flowing directly to the back deck. Walk out to the spacious deck overlooking a beautifully landscaped, mature garden that leads to the detached one-car garage. Surrounded by mature trees and a privacy-fenced yard, this tranquil outdoor retreat feels like a private cottage in the heart of the city. Upstairs, the luxurious primary suite features a vaulted ceiling, custom built-in closets, a walk-in closet, and a spa-inspired ensuite complete with an oversized glass shower. The second bedroom, currently used as a home office/lounge area, offers a cozy fireplace, double closets, and picturesque views of the rear garden. The peaceful and inviting lower level boasts impressive ceiling height and includes a spacious bright third bedroom, an oversized family room with a walkout to the backyard, a three-piece bathroom, and a dedicated laundry room-ideal for guests, family living, or additional workspace. Meticulously maintained and gutted all new in 2020. This home offers true peace of mind with 2 new roofs (house and garage), new deck, and numerous improvements. A rare opportunity to own a beautifully designed, move-in-ready home in one of Toronto's most sought-after neighbourhoods. ...see it...feel it...experience it!
Key facts
- Property type
- Townhouse, 2-Storey
- MLS®
- C13760076
- Bedrooms
- 2+1 (3 total)
- Bathrooms
- 3 (1 half)
- Size
- 1500-2000 sq ft
- Lot
- 17.45 × 132.5 ft
- Cross streets
- Carlton St/Parliament St
- Parking
- 1 garage (detached)
- Driveway
- Lane
- Basement
- Finished with Walk-Out, Full, Walk-Out
- Heating
- Forced Air
- A/C
- Central Air, Wall Unit(s)
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Rolled
- Sewer
- Sewer
- Property tax
- $9,315 / 2026
- Days on market
- 3
- Listing brokerage
- ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Rooms
hardwood floor · walk-in closet(s) · 3 pc ensuite
laminate · window · closet
laminate · w/o to garden · double closet
hardwood floor · window · combined w/kitchen
tile floor · closet · 2 pc bath
hardwood floor · skylight · cathedral ceiling(s)
Laminate
hardwood floor · b/i appliances · breakfast bar
hardwood floor · fireplace · double closet
w/o to deck · fireplace · hardwood floor
Listed at $1,895,000 with no offer date, so the ask is the seller’s number, and homes priced this way sell close to it. My read is $1.83M, typically $1.64M to $1.95M. Comparable closings on their own put this home around $1.69M, so the ask carries a premium over the comparables: the seller is pricing in the finishes, the lot, or room to negotiate. That gap is your negotiating room.
Second read, from the city assessment: $2.12M. That is about 25% above the comparable-sales figure. When my two methods disagree this much, the answer usually sits between them and something about this home is not in the comparables (the lot, the condition, a rebuild). I would want to see it before leaning on either number.
Total price vs nearby homes. Fair value about $1.83M, median of 21 comparables.
The market behind the math:
About 2 months of inventory: 6 townhouse homes for sale in the area against 9 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $1,083/sqft against an area asking average of $952/sqft. Size and $/sqft both feed the estimate above.
- Walk-out basement apartment features. A finished 1 bed walk-out basement apartment. A self-contained space for extended family, guests or potential income. In Cabbagetown-South St. James Town basements rarely rent out (1 of 31 recent detached leases were basement units), so buyers here treat a suite as family or nanny space rather than income. Value it for the living space, not the rent. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the City of Toronto.
How this estimate is builtthe short version
I take the 21 most comparable recent sales nearby and adjust each one to this home for the real differences (size, beds, baths, garage, lot frontage, a ravine backing, an inground pool), then use the median, which is steadier than leaning on any single sale.
It’s grounded in recent closing prices, not asking prices. Lot, condition, and finishes are my in-person call, and the city (MPAC) assessment points to about $2.12M, a bit higher.
What the listing highlights3 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Recent major systems: lower near-term capital costs, ask for the ages and any warranties. Value driver
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
Schools & getting aroundcatchment and transit
The assigned public school is Sprucecourt Public School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Read this with carewhy it’s an estimate, not an appraisal
There were not many closely comparable homes right in Cabbagetown-South St. James Town, so I widened the search to the surrounding area.
Based on 21 comparable homes that sold in Cabbagetown-South St. James Town over the past two years, from 41 closings there.
Nothing closely matching this home is listed nearby right now, so these are the nearest townhouse listings on the market. Homes like this one have recently closed around $1.69M, which is where my estimate comes from.
Per square foot, these ask about $974/sqft; this home lists at $1,083/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesNeighbourhood & location
Cabbagetown-South St. James Town, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Also nearby: 12 more schools within 2.5 km
Not the assigned catchment: schools a family here could reach, with EQAO results where published.
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Homes over $1.5M can't be insured, so 20% down or more is required.
Conventional (20%+ down). Best insured 5-year fixed 4.09% via Ratehub.ca (as of September 11, 2026); conventional rates run a little higher.
Mortgage amount $1,516,000 · 4.24% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $8,173
- Property tax
- $776
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $8,949
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $34,375
- Toronto municipal land transfer tax
- $34,375
- Estimated closing costs
- $68,750
Plus your down payment of $379,000. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $490,376
- Principal paid down
- $190,800
- Interest paid
- $299,575
- Balance remaining
- $1,325,200
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
About the suite: in Cabbagetown-South St. James Town basements rarely rent out (1 of 31 recent detached leases were basement units), so the figure above does not count it as income. Buyers here use a suite as family or nanny space.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersThe last 9 whole-home leases in Cabbagetown-South St. James Town signed at a median of $4,805 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,896. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of ROYAL LEPAGE REAL ESTATE SERVICES LTD.. MLS®/PropTx.