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    Toronto / Downtown / St. James Town

    405 - 500 Sherbourne St

    For SaleThe 500 Sherbourne Condos
    $640,000
    1 Bed + 1
    1 Bath
    1 Parking
    667 SQFT
    19 Days on Strata

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $528/mth
    Taxes:
    $2,968 (2024)
    Cost Per Sqft:
    $960/sqft
    Locker:
    None
    Outdoor Space:
    Terrace
    Exposure:
    South
    Possession Date:
    October 15, 2024
    Laundry:
    Ensuite
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Heat
    Water
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    Hydro
    Air Conditioning

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    Walkout To Terrace, Combined with Dining, Laminate
    11.98 x 10.83ft
    Dining
    Combined with Kitchen, Combined with Living, Laminate
    11.98 x 10.34ft
    Kitchen
    Stainless Steel Appliances, Centre Island, Laminate
    11.32 x 10.17ft

    About this Listing

    Welcome to the 500 by Times Group Corporation in a popular St. James Town neighborhood in Toronto. This newly renovated & freshly painted large 1 bedroom + den suite offers 624 sq ft of living space. 9ft ceiling, abundance of natural light, upscale finishes, new laminate flooring throughout, ensuite laundry and a large terrace. The spacious bedroom features a large window and a sizeable closet space while the den can be used as a 2nd bedroom or as an office space. Den has sliding doors and is a separate room. The inviting open-concept living and dining area is a perfect space to spend with your family and friends. Enjoy the kitchen space that's equipped with contemporary stainless steel appliances, a center island, quartz countertops, and stylish backsplash. Building amenities include a gym, billiards room, rooftop terrace, theater room, party and meeting room, EV charging station, visitor parking, concierge & more. The suite comes with 1 underground parking space.

    ExtrasThe 500 condo is conveniently located near the Bloor & Sherbourne TTC subway station (8 minute walk), grocery & shopping, restaurants, cafes, parks, banks. Close to DVP, Gardiner Expy, Rosedale Ravine Lands & Don Valley park trails.

    re/max metropolis realtyMLS® #C9393658

    Amenities

    Media Room
    Indoor Parking
    Bike Storage
    Games Room
    Concierge
    Gym Room

    Explore Neighbourhood

    9/10
    Walkability
    One small step for you. One giant leap towards never needing a gym membership.
    9/10
    Transit
    So frequent, you might accidentally start collecting tickets.
    7/10
    Bikeability
    The bike lane starts to feel like a second home.

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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.

    Population
    12,499
    Average Individual Income
    $59,023
    Average Household Size
    3 persons
    Average Age
    45
    Average Household Income
    $99,412
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    0 - 14
    13%
    15 - 19
    1%
    20 - 34
    22%
    35 - 49
    20%
    50 - 64
    22%
    65+
    19%
    Household Income
    $0 - $30,000
    49%
    $30,000+
    26%
    $60,000+
    13%
    $90,000+
    6%
    $125,000+
    3%
    Housing Types & Tenancy
    High Rise Apartment
    31%
    Semi Detached
    24%
    Detached
    23%
    Low Rise Apartment
    16%
    Duplex
    3%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    60%
    Other
    15%
    Mandarin
    10%
    Cantonese
    7%
    Tagalog
    4%
    Spanish
    2%
    Arabic
    1%
    Tamil
    1%
    Education
    University and Above
    33%
    High School
    26%
    None
    17%
    College
    15%
    Apprenticeship
    3%
    University Below Batchelor
    3%
    Major Field of Study
    Business Management
    26%
    Architecture & Engineering
    21%
    Health & Related Fields
    12%
    Social Sciences
    9%
    Math & Computer Sciences
    7%
    Physical Sciences
    6%
    Humanities
    5%
    Education
    4%
    Personal, Protective & Transportation Services
    2%
    Visual & Performing Arts
    2%

    Price Trends

    Maintenance Fees

    The 500 Sherbourne Condos vs The St. James Town Area

    Building Trends At The 500 Sherbourne Condos

    Days on Strata

    Units at The 500 Sherbourne Condos spend an average of
    31
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    1%
    below
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in St. James Town

    Turnover of Units

    On average, each unit is owned for
    6.5
    YEARS before being sold again

    Property Value

    -3%
    Decrease in property value within the past twelve months

    Price Ranking

    2nd
    Highest price per SQFT out of 9 condos in the St. James Town area

    Sold Units

    14
    Units were Sold over the past twelve months

    Rented Units

    19
    Units were Rented over the past twelve months

    Best Value Rank

    The 500 Sherbourne Condos offers the
    ?
    best value out of 9 condos in the St. James Town neighbourhood

    Appreciation Rank

    The 500 Sherbourne Condos has the
    ?
    highest ROI out of 9 condos in the St. James Town neighbourhood

    Rental Yield

    The 500 Sherbourne Condos yields the
    ?
    highest rent prices out of 9 condos in the St. James Town neighbourhood

    High Demand

    The 500 Sherbourne Condos is the
    ?
    most popular building out of 9 condos in the St. James Town neighbourhood

    Transaction Insights at 500 Sherbourne Street

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price Range$910,000$545,000 - $632,000$700,000 - $1,190,000$755,000 - $760,000No DataNo Data
    Avg. Cost Per Sqft$985$954$933$894No DataNo Data
    Avg. Wait for Unit Availability216 Days34 Days46 Days256 Days2454 Days1667 Days
    Ratio of Units in Building8%54%33%5%2%1%

    Transactions vs Inventory

    Total number of units listed and sold in St. James Town