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    500 Sherbourne Street & 25 Lourdes Lane & 150 Homewood Avenue

    The 500 Sherbourne Condos
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    7for Sale
    1for Rent

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    34
    Number of Units:
    363
    Condo Completion:
    2010
    Condo Demand:
    Medium
    Unit Size Range:
    307 - 2,000 SQFT
    Unit Availability:
    Medium
    Property Management:

    Listing History for The 500 Sherbourne Condos

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    Amenities

    Indoor Parking
    Rooftop Deck
    BBQs Allowed
    Gym Room
    Media Room
    Party Room

    Maintenance Fees

    Included
    Water
    Excluded
    Hydro
    Heat
    Air Conditioning

    About 500 Sherbourne StreetThe 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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    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.

    Similar condos

    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%

    Maintenance Fees

    The 500 Sherbourne Condos vs The St. James Town Area

    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

    21
    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 Availability225 Days33 Days46 Days266 Days2454 Days1667 Days
    Ratio of Units in Building8%54%33%5%2%1%

    Unit Sales vs Inventory

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