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    507 - 500 Sherbourne Street

    For SaleThe 500 Sherbourne Condos
    $599,000
    1 Bed + 1
    1 Bath
    0 Parking
    608 SQFT
    5 Days on Strata

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Cost Per Sqft:
    $985/sqft
    Maintenance Fees:
    $487/mth
    Taxes:
    $2,212 (2023)
    Locker:
    Owned
    Outdoor Space:
    Balcony
    Exposure:
    South
    Possession Date:
    15-60 days
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Heat
    Air Conditioning
    Water
    Building Maintenance
    Building Insurance
    Excluded
    Hydro

    Unit Details

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air
    Ensuite Laundry
    Yes

    Room Dimensions

    Living
    Laminate, Open Concept, Walkout To Balcony
    13.78 x 10.99ft
    Dining
    Laminate, Open Concept, Combined with Living
    13.78 x 10.99ft
    Kitchen
    Tile Floor, Renovated, Breakfast Bar
    8.99 x 6.99ft

    About this Listing

    Welcome to urban living at its finest in the coveted 500! Renovated in 2022 this upscale and stunning condo features a full size kitchen with sleek stone waterfall counter top with matching backsplash, a breakfast bar and newer stainless steel appliances. The modern aesthetic extends to the new laminate flooring, upgraded electric light fixtures enhancing the contemporary elegance of the space. With nine foot ceilings and open concept layout, the living, dining and kitchen flow seamlessly together. Versatile Den has sliding glass doors so can be utilized as a second bedroom. Maximum storage space with organizers in all closets. Step outside onto the oversized 20 foot balcony from two walk-outs where you can enjoy panoramic views of the urban garden below. The building offers state of the art amenities with an amazing party room that leads to a large roof top patio equipped with multiple sitting areas, BBQ's, and loungers. Fantastic building also offers 24 hour concierge, gym, guest suites, and lots of visitor parking. Nestled in a prime downtown location with TTC, Shopping, restaurants, Bloor street all steps away.

    ExtrasCheck out the roof top deck that is on the 5th floor, the FOB will get you in.

    re/max hallmark realty ltd.MLS® #C8332990


    Amenities

    Gym Room
    Indoor Parking
    Guest Suites
    BBQ
    Media Room
    Sauna

    Nearby Amenities

    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.

    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
    Household Income
    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%

    Days on Strata

    Units at The 500 Sherbourne Condos spend an average of
    22
    Days on Strata
    based on recent sales

    List vs Selling Price

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

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers

    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

    3rd
    Highest price per SQFT out of 11 condos in the St. James Town area

    Sold Units

    8
    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 11 condos in the St. James Town neighbourhood

    Appreciation Rank

    The 500 Sherbourne Condos has the
    ?
    highest ROI out of 11 condos in the St. James Town neighbourhood

    Rental Yield

    The 500 Sherbourne Condos yields the
    ?
    highest rent prices out of 11 condos in the St. James Town neighbourhood

    High Demand

    The 500 Sherbourne Condos is the
    ?
    most popular building out of 11 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$651,000$747,000 - $885,000$700,000 - $760,000No DataNo Data
    Avg. Cost Per Sqft$985$1,001$960$881No DataNo Data
    Avg. Wait for Unit Availability178 Days30 Days48 Days235 Days2454 Days1667 Days
    Ratio of Units in Building10%53%33%6%2%1%

    Maintenance Fees

    The 500 Sherbourne Condos vs The St. James Town Area

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