500 Sherbourne Street & 25 Lourdes Lane & 150 Homewood Avenue
Building Details
Listing History for The 500 Sherbourne Condos
Amenities
Maintenance Fees
About 500 Sherbourne Street — The 500 Sherbourne Condos
500 Sherbourne can be a bit of a people pleaser. Thankfully in the world of residential real estate, that’s never a bad thing. We classify the condo this way because of its wide variety of styles and exposures, ready to delight all sorts of prospective buyers seeking Toronto condos for sale.
Alright, so those searching for detached homes or 5,000 square foot luxury penthouses will have to look elsewhere. But everyone else is encouraged to continue on reading.
The multi-residence complex named The 500 Condos (but more commonly known simply as '500 Sherbourne' — the main condo tower) is made up of 3 structures, as is clear from the address. What the numbers don’t reveal, however, are the details: the main tower at 500 Sherbourne rises to 34 storeys tall, with townhouse-style units located at 150 Homewood and 25 Lourdes Lane.
Collectively, the 500 Condos were created using a subtle blend of stucco, metal, and glass, and contain a grand total of 383 downtown Toronto condos. The Times Group Corporation was the backbone behind the construction of the complex, and as a result of their hard work, residents in the building can enjoy an elegant lobby clad in granite and marble.
These homeowners are also privy to a lineup of luxurious amenities. Regardless of which building one opts for, residents can make use of a concierge, common rooftop terrace, gym, games room, party room, theatre, and yoga studio, as well as a bar and lounge with a fireplace to set the mood.
The Suites
As mentioned, sizes, styles, and exposures vary significantly at 500 Sherbourne. And while palatial penthouses may be out of the question, those looking to live a life of luxury can still do so in one of the largest units, reaching to 2,600 square feet. Alternatively, couples or single buyers will be completely content with the simpler units, starting at around 500 square feet.
Those enamoured by the townhouse units aren’t to blame, especially with the ceilings in these 2-storey homes soaring to 16 feet high. Those coveting their privacy will also love the ability to enter their home directly from the street. Even in the tower, multi-level homes are an option as well. Certain mezzanine corner units boast floating staircases, and a wealth of natural sunlight, thanks to oversized windows and 22-foot ceiling heights.
Those sold on the building have their pick between one bedroom, one bedroom plus den, two bedroom, and three bedroom exposures. However, certain stylish details can be found throughout, such as sliding glass doors, marble kitchen countertops and windowsills, and pre-engineered hardwood floors. Open concept floorplans and expansive windows also shed natural sunlight on the units, while private balconies are an added bonus for many living here.
The Neighbourhood
The surrounding neighbourhood is especially accommodating, seeing as a different atmosphere is apparent in every direction. St. James Town is located amidst quaint Cabbagetown, the charismatic restaurants and bars of the LGBTQ+ Village neighbourhood, the luxury goods available on Bloor Street, and the serene parks and tree-lined streets of Riverdale, just to name a few.
Those seeking out entertainment won’t have to look far when living at the 500 Sherbourne condos. A short walk will land residents at the Pheonix Concert Theatre, Allan Gardens, the Toronto Necropolis, and Riverdale Farm.
When it comes time to get down to business, on the other hand, stocking up on groceries is made simple; the expansive Loblaws at Church and Carlton — located in the former Maple Leaf Gardens — is a 12-minute walk away, while those in a hurry will prefer the 7-minute walk to Food Basics on Wellesley.
Transportation
Traveling around the city is painless for residents at 500 Sherbourne. Even those without a car will have no trouble traversing Toronto’s neighbourhoods. Wellesley station takes approximately 9 minutes to reach on foot, while a bus ride along the same route will land passengers there in a similar amount of time — handy for those blistering winter days.
Those heading east or west, on the other hand, might prefer to begin their journeys at Sherbourne station, which also takes just under 10 minutes to reach.
Drivers are also in luck, thanks to Bloor Street East offering access to the Don Valley Parkway. From here, trips down to the lake are easy, as are drives up to the 401 and out of the city.
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Price Cut: $100,000 (Oct 11)
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Demographics
Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.
Price Trends
Maintenance Fees
Building Trends At The 500 Sherbourne Condos
Days on Strata
List vs Selling Price
Offer Competition
Turnover of Units
Property Value
Price Ranking
Sold Units
Rented Units
Best Value Rank
Appreciation Rank
Rental Yield
High Demand
Transaction Insights at 500 Sherbourne Street
1 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | 3 Bed | 3 Bed + Den | |
---|---|---|---|---|---|---|
Price Range | $910,000 | $545,000 - $632,000 | $700,000 - $1,190,000 | $755,000 - $760,000 | No Data | No Data |
Avg. Cost Per Sqft | $985 | $954 | $933 | $894 | No Data | No Data |
Price Range | $2,100 | $2,350 - $3,350 | $2,950 - $3,250 | No Data | No Data | No Data |
Avg. Wait for Unit Availability | 216 Days | 34 Days | 46 Days | 256 Days | 2454 Days | 1667 Days |
Avg. Wait for Unit Availability | 203 Days | 27 Days | 39 Days | No Data | No Data | No Data |
Ratio of Units in Building | 8% | 54% | 33% | 5% | 2% | 1% |
Unit Sales vs Inventory
Total number of units listed and sold in St. James Town