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    The Gooderham

    390 Cherry Street

    4for Sale
    3for Rent
    © OpenStreetMap
    map of location

    Building Details

    Property Type:
    Soft Loft
    Number of Storeys:
    36
    Number of Units:
    328
    Condo Completion:
    2014
    Condo Demand:
    Medium
    Unit Size Range:
    400 - 1,608 SQFT
    Unit Availability:
    Low

    Listing History for The Gooderham

    Amenities

    Party Room
    Rooftop Deck
    Sauna
    Media Room
    Gym Room
    Visitor Parking

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 390 Cherry StreetThe Gooderham

    Some people are hesitant about change: they eat what they’ve eaten since childhood, they visit the same restaurants all their lives, and they are certainly opposed to the modernization of their beloved cities. Those people will probably dislike the Gooderham Condos.

    As for the rest of us — those who embrace the new with open (or even critical) arms — the condos at 390 Cherry Street are completely alluring. This 36-storey, 2014-built tower is a modern edifice set amongst some of Toronto’s longest standing architecture.

    Don’t get us wrong, the brick podium ensures that the building doesn’t overwhelm the cobblestone streets of the Distillery District. Look up, however, and it’s clear that the elegant glass construction is a contemporary masterpiece.

    CityScape Development Corp. specializes in restoring and converting historic buildings, and has even won awards for their work in the Distillery, which points to why they would put an added amount of care into the Gooderham Condos. The condos are even named after the area’s originator, Gooderham and Worts.

    The Distillery District may be known for its heritage, however it is also a posh destination filled with impressive bars, restaurants, galleries and boutiques. The amenities at 390 Cherry Street allow residents to continue the lavish experience in the comfort of their own building. The Gooderham Condos comes complete with a concierge, visitor parking and guests suites, a gym, spa, sauna, outdoor pool and hot tub, a yoga studio, rooftop terrace with barbecues, and cinema, as well as a party room and games room.

    The Suites

    A walk through the lobby at 390 Cherry Street will remind residents and their guests of the area’s boozy heritage, thanks to the recycled barrels that now serve merely as decoration. Upstairs, however, the homes are totally 21st century.

    Sleek concrete pillars and hardwood flooring set the tone, combined in a pleasing juxtaposition of raw and polished materials. Floor-to-ceiling windows allow natural sunlight to highlight these elements, while brightening the remainder of the open concept homes at the same time. Corner units are especially dramatic, with window-clad walls offering panoramic vistas and maximum radiance.

    Between the 328 downtown Toronto condos in the building, the homes vary considerably in size. Cozier units start at around 500 square feet, with more extravagant units reaching to approximately 1,500 square feet.

    Size aside, all of the homes at 390 Cherry Street are outfitted with sleek kitchens and bathrooms. Wraparound balconies should come as no surprise, as passersby will notice them from outside. What they might not realize, however, is that certain Distillery District condos for sale in The Gooderham building boast exquisite 1,000 square foot terraces.

    The Neighbourhood

    If the description of the building at 390 Cherry Street wasn’t convincing enough, that’s quite alright. Many prospective buyers are sold the second they hear ‘Distillery District’ anyways. This 13-acre historic site is home to the largest collection of preserved Victorian industrial architecture in North America, and a walk through the cobblestone streets really does feel like taking a walk back in time.

    That is, until one pops into any one of the art galleries, boutiques or restaurants that now inhabit the area. Once the largest distillery in the world, the neighbourhood is now one of Toronto’s most distinctive destinations. Plus, since movies are constantly shot here because of its unique appearance, celebrity sightings aren’t all that hard to come by.

    Now we also understand the need to explore the city from time to time, and thankfully the area surrounding the Gooderham Condos also has much to offer. St. Lawrence — with its infamous market — as well as beaches and parks in the Port Lands, and Queen Street East are all waiting to be explored by future residents of 390 Cherry Street.

    Transportation

    Even though it can sometimes feel like a world apart, the Distillery District is centrally located, making traveling around the city a piece of cake. Union station is about 2 kilometers away, and can be reached in around 20 minutes via the 121 Fort-York Esplanade bus or the 514 Cherry streetcar.

    From Union Station, riding around the city is as simple as hopping on a subway train heading north along the Yonge-University-Spadina line. Streetcar routes on King Street will also come in handy for those traveling east and west.

    Drivers living at the Gooderham Condos can hop over to the Don Valley Parkway or the Gardiner Expressway in mere minutes. Using either of these two highways makes reaching any corner of the city painless, while both can be used to exit Toronto altogether as well.

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    Listings For Sale

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    Listings For Rent

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    Nearby Amenities

    9/10
    Walkability
    One small step for you. One giant leap towards never needing a gym membership.
    9/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    6/10
    Bikeability
    The bike lane starts to feel like a second home.

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    5,533
    Average Individual Income
    $65,701
    Average Household Size
    3 persons
    Average Age
    49
    Average Household Income
    $100,783
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    Household Income
    Housing Types & Tenancy
    High Rise Apartment
    44%
    Semi Detached
    32%
    Detached
    17%
    Low Rise Apartment
    3%
    Duplex
    1%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    81%
    Mandarin
    12%
    Arabic
    2%
    Telugu
    1%
    Portuguese
    1%
    Tagalog
    1%
    Spanish
    1%
    Hindi
    1%
    Education
    University and Above
    43%
    High School
    23%
    College
    15%
    None
    11%
    University Below Batchelor
    3%
    Apprenticeship
    2%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    21%
    Math & Computer Sciences
    11%
    Social Sciences
    11%
    Health & Related Fields
    10%
    Humanities
    4%
    Physical Sciences
    4%
    Education
    4%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%
    Agriculture & Natural Resources
    1%

    Price Trends

    Days on Strata

    Units at The Gooderham spend an average of
    32
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these lofts sell for
    2%
    below
    the list price.

    Offer Competition

    Lofts in this building have a
    LOW
    chance of receiving
    Multiple Offers

    Turnover of Units

    On average, each unit is owned for
    6.1
    YEARS before being sold again

    Property Value

    -12%
    Decrease in property value within the past twelve months

    Price Ranking

    4th
    Highest price per SQFT out of 8 condos in the Distillery District area

    Sold Units

    6
    Units were Sold over the past twelve months

    Rented Units

    35
    Units were Rented over the past twelve months

    Best Value Rank

    The Gooderham offers the
    ?
    best value out of 8 condos in the Distillery District neighbourhood

    Appreciation Rank

    The Gooderham has the
    ?
    highest ROI out of 8 condos in the Distillery District neighbourhood

    Rental Yield

    The Gooderham yields the
    ?
    highest rent prices out of 8 condos in the Distillery District neighbourhood

    High Demand

    The Gooderham is the
    ?
    most popular building out of 8 condos in the Distillery District neighbourhood

    Transaction Insights at 390 Cherry Street

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price Range$600,000 - $651,888No Data$830,000 - $1,080,000$780,000No Data
    Avg. Cost Per Sqft$1,188No Data$1,037$920No Data
    Avg. Wait for Unit Availability44 Days58 Days38 Days84 Days455 Days
    Ratio of Units in Building29%23%33%16%2%

    Maintenance Fees

    The Gooderham vs The Distillery District Area

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