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    3006 - 500 Sherbourne St

    For SaleThe 500 Sherbourne Condos
    $1,250,000
    2 Beds
    2 Bath
    1 Parking
    1,200 - 1,399 SQFT
    74 Days on Strata

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $1,153/mth
    Taxes:
    $5,436 (2024)
    Cost Per Sqft:
    $893 - $1,042/sqft
    Locker:
    Owned
    Outdoor Space:
    Balcony
    Exposure:
    South West
    Possession Date:
    90 days
    Laundry:
    Main
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

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

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Heat Pump

    Room Dimensions

    Foyer
    Double Closet, Mirrored Closet, Tile Floor
    4.99 x 4.66ft
    Living
    Built-in Bookcase, Windows Floor to Ceiling, Sw View
    18.93 x 16.44ft
    Dining
    West View, Windows Floor to Ceiling, Walkout To Balcony
    15.32 x 7.84ft

    About this Listing

    Welcome to 500 Condos & Lofts. One of the most sought after buildings in the area. Asking only $938.00 per sq. ft. and a maintenance fee of only $0.83 per sq.ft. This unit is 1335 sq. ft. plus 2 separate balconies each 108 Square feet for a total of 1535 square feet of luxury living space. This is the most desired unit of all units in this building. South & west full unobstructed corner exposure with 2 separate balconies. Two-full bedrooms, two full bathrooms, parking, locker and a full size washer & dryer. The master bedroom has a full ensuite bath, with twin sinks, walk-in closet and walk-out to the separate south balcony. The second bedroom has a large double Custom closet/armoire and also a walk out to the south balcony. Storage space has been maximized with the use of many custom built-ins including pantry with built in wine fridge, closet organizers, and a gorgeous built-in living room wall unit. Capture the sun with direct unobstructed south & west corner city and lake views through the 10-foot-high floor to ceiling windows. Or lounge on the west facing balcony and enjoy the sparkle of the skyline & the beautiful sunsets. Updated modern concept with a fresh modern neutral colour palette & attention to detail; making this place move in ready. Check out the attached video for more pictures of the unit, building and amenities. Building provides 2 EV charging bays within the underground parking for residence only

    ExtrasEnjoy the finest in shopping, dining & entertainment. Only a 5-minute drive to the north or south DVP, 5-minute walk to the subway, Cabbagetown, & The Village. The best managed building in the area & 5-star concierge.

    real estate homewardMLS® #C9304544


    Amenities

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

    Similar Listings

    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%

    Transactions vs Inventory

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