New Condos and Homes in Cabbagetown, Toronto

Cabbagetown is a Victorian neighbourhood on the east side of downtown Toronto where almost no new condos are built inside the old streets, so most buyers who want a new home here look at the condos and townhomes going up on its edges, along Parliament Street and Gerrard Street East. It suits people who want older houses, quiet tree-lined side streets and a short trip downtown, and who accept that resale houses here are scarce.

The City of Toronto protects most of the area through heritage conservation districts. Its heritage district list names the Cabbagetown North, Northwest, Metcalfe and South districts, designated between 2002 and 2008, and Cabbagetown Southwest, added in 2024. The City describes Cabbagetown Southwest as generally bound by Sherbourne Street, Carlton Street, Parliament Street and Dundas Street East; the older districts sit mainly east of Parliament, toward the Don Valley and Riverdale Park. In the City's neighbourhood profiles the area is counted as part of Cabbagetown-South St. James Town.

This guide covers what is being built nearby, how prices and the rules for new-home buyers look as of October 2026, and what daily life is like: transit, schools, parks and jobs.

Top photo: Metcalfe Street in Cabbagetown, June 2026. Photo: Dillan Payne, CC BY-SA 4.0, via Wikimedia Commons.

What is being built in and around Cabbagetown

Inside the heritage districts, homes are mostly 19th-century row houses, semi-detached houses and some detached houses, many of them divided into flats. New construction there is limited to small infill and renovations that must follow the district plans. The City's heritage permit guide explains that owners in a district need a heritage permit for additions, alterations and demolition, while interior-only work generally does not need one (a building permit may still apply). Check the district plan before you buy a house you plan to change.

New supply is on the edges. The clearest current example is Daniels on Parliament by The Daniels Corporation, at Parliament Street and Gerrard Street East, where the builder describes Regent Park meeting Cabbagetown. It offers condo suites from studios to three bedrooms and a small collection of two-storey townhomes. Ask us for the current price list, as prices change by suite and release.

The project cards at the top of this page show what we track near Cabbagetown right now. The Cabbagetown project list and the wider Toronto pre-construction list let you filter by move-in year and price. For the blocks east of the Don Valley see our Riverdale guide, and for towers to the west and south see our Downtown Toronto guide.

Prices and the market as of October 2026

Toronto's resale condo market is soft as of October 2026, which gives buyers more room to negotiate. In September 2026 the Toronto Regional Real Estate Board reported an average condo apartment price in the City of Toronto of $640,248, down 6.1% from a year earlier, and a benchmark condo price of $543,800, down 6.4%. Across the GTA, 5,040 homes of all types sold, 9% fewer than a year before, at an average of $1,006,409.

Two other things to know: the Bank of Canada raised its policy rate to 2.50% on October 28, 2026 and said further increases are possible, and CMHC reports Toronto rents are still easing as many new condos are finished and rented out (purpose-built vacancy was 3.0% in its 2025 survey). New suites usually cost more than resale ones, so compare both, and include the 2026 HST relief below, which applies only to new homes.

Most resale activity in Cabbagetown is in older houses, which follow a different market from new condos. For a new suite, the price you pay is set by the builder's price list and incentives on the day you sign; ask us for the current list and deposit schedule of any project nearby.

Getting around

Cabbagetown has no subway station inside it, but two Line 2 Bloor-Danforth stations are close to its north edge: Castle Frank at 600 Bloor Street East, where the 65 Parliament bus stops, and Sherbourne, served by the 75 Sherbourne and 94 Wellesley buses. The TTC lists both stations as accessible. The 506 Carlton streetcar runs along Carlton Street through the middle of the neighbourhood and continues west to College station on Line 1.

The Ontario Line, now under construction, will have a Moss Park station to the south-west and a Gerrard station at Carlaw Avenue, east across the Don Valley. Metrolinx has not published an opening date, so don't count on it for a near-term move-in.

Many older houses have no driveway, so check parking before you buy.

Schools

Public schools are run by the Toronto District School Board and Catholic schools by the Toronto Catholic District School Board. School boundaries change, so check a specific address with the TDSB school locator or the TCDSB school locator before you buy.

Parks and daily life

Cabbagetown's best-known green space is Riverdale Farm, a City-run working farm on 7.5 acres with barns, ponds and gardens. It opened on September 9, 1978, on the site of the Riverdale Zoo, which ran from 1894 to 1974. Its gates are on Winchester Street and in Riverdale Park West, which runs down into the Don Valley from 375 Sumach Street and has a City toboggan hill. A pedestrian bridge crosses the valley to Riverdale Park East, and the Don Valley trails are reached from the bottom of the park.

Day to day, Parliament Street is the main shopping street, with grocers, cafés and restaurants. The side streets are residential and quiet. Allan Gardens and its conservatory are a short walk west.

Jobs nearby

Cabbagetown is close enough to the downtown core that many residents walk, cycle or take one streetcar to work. The City's TOcore downtown plan counts more than 500,000 jobs downtown, Canada's largest employment cluster: the Financial District, the hospitals along University Avenue, the universities and colleges, and government offices.

Who Cabbagetown suits

• Buyers who want character: Victorian houses, mature trees and a farm and ravine park at the end of the street, close to downtown.
• First-time buyers looking at a condo suite on the edge of the neighbourhood, such as at Parliament and Gerrard, who can use the new-home tax relief described below.
• Downsizers who want to stay close to downtown but leave a tower-heavy core.
• Families who can afford one of the older houses; families who need a newer house with a garage usually find more for the money further out.
• Buyers who want a brand-new condo with many projects to compare will find more choice downtown or in Riverdale and Leslieville across the Don Valley; see our Riverdale guide.

Rules every new-home buyer should know in 2026

• HST relief on new homes, for all buyers who will live there. For agreements signed between April 1, 2026 and March 31, 2027, Ontario's enhanced new housing rebate covers up to $80,000 of the 8% provincial HST, and the Ontario New Home Affordability Payment adds up to $50,000 toward the federal 5%: up to $130,000 in total. Relief is full up to $1 million, stays at the cap to $1.5 million and phases out by $1.85 million. The home must be your (or a relative's) primary residence.
• First-time buyers. The federal First-Time Home Buyers' GST rebate (law since March 2026) removes up to $50,000 of GST on a new home of up to $1 million, phasing out by $1.5 million, for agreements signed on or after March 20, 2025 and before 2031. The Ontario payment is reduced by any federal rebate you claim, so the two don't stack beyond the full tax.
• Investors who will rent the suite out don't get the primary-residence relief above; a separate rental-property rebate applies, so get tax advice before you sign.
• 30-year mortgages. Since December 15, 2024, insured mortgages can run 30 years for first-time buyers and for anyone buying a newly built home, and insured mortgages are allowed on homes up to $1.5 million.
• Deposit protection. Tarion protects condo deposits up to $20,000, and you get a 10-day cooling-off period on a new condo after you receive the signed agreement and disclosure statement. Check the builder's licence in the HCRA Ontario Builder Directory.
• Land transfer tax. First-time buyers can get back up to $4,000 of Ontario's land transfer tax (ontario.ca) and up to $4,475 of Toronto's municipal land transfer tax (toronto.ca). Toronto homes pay both taxes.

This is general information, not legal, tax or mortgage advice. Rules change; check the linked official pages or ask us before you sign.

Talk to us

Tall Property tracks new condos and homes across Toronto and the GTA. Call us at 416-878-0749 or use the form on this page for price lists, floor plans, current incentives and VIP access to new launches. We'll also tell you honestly when a resale suite is the better buy.