907 - 500 Sherbourne St

1 / 37

For SaleThe 500 Sherbourne Condos

$609,000

1 Bed + 1

1 Bath

1 Parking

600 SQFT

61 Days on Strata

Est Sell Timeframe

9 Days

Listing History

Unit Highlights

Property Type:

Condo

Maintenance Fees:

$519/mth

Taxes:

$2,618 (2024)

Cost Per Sqft:

$1,015/sqft

Locker:

None

Outdoor Space:

Balcony

Exposure:

South

Possession Date:

To Be Determined

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: Forced Air

Room Dimensions

Living

Laminate, Open Concept, Walkout To Balcony

11.25 x 9.91ft

Dining

Laminate, Combined with Living

10.34 x 13.91ft

Kitchen

Ceramic Floor, Granite Counter, Stainless Steel Appliances

11.29 x 9.12ft

About this Listing

Discover urban elegance at The 500, a beautifully maintained building in the heart of the city, boasting stunning architectural features and exceptional amenities. This vibrant social community offers a small-town feel with numerous planned events. The spacious 1+1 bedroom condo features 9 ft ceilings, a bright SE exposure, freshly painted interior. The versatile den is perfect as a bedroom or a work-from-home space. Enjoy the convenience of 24/7 concierge/security. Located between Bloor Street, Cabbagetown, and Church/Wellesley, this condo has a Walk Score of 97 and is an 8-minute walk to the subway & great shopping. It's also within walking distance of U of T, Ryerson (Metropolitan University), top shopping, dining, and entertainment. Building amenities include a fitness centre, rooftop deck with panoramic views, fire-lit social lounge, EV charging stations, visitor parking, concierge, and more. Enjoy easy access to DVP, Gardiner Expressway, and Rosedale Ravine Lands. Live in luxury and convenience at The 500!

Extras** 1 Parking spot ** included with this unit - a rare offering in this downtown location

royal lepage signature susan gucci realtyMLS® #C9365577

Amenities

Sauna

Gym Room

Visitor Parking

Rooftop Deck

Games Room

Media 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

Average Household Income

$99,412

Dominant Housing Type

High Rise Apartment

Population By Age

0 - 14

13%

15 - 19

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+

$125,000+

Housing Types & Tenancy

High Rise Apartment

31%

Semi Detached

24%

Detached

23%

Low Rise Apartment

16%

Duplex

Marital Status

Commute

Languages (Primary Language)

English

60%

Other

15%

Mandarin

10%

Cantonese

Tagalog

Spanish

Arabic

Tamil

Education

University and Above

33%

High School

26%

None

17%

College

15%

Apprenticeship

University Below Batchelor

Major Field of Study

Business Management

26%

Architecture & Engineering

21%

Health & Related Fields

12%

Social Sciences

Math & Computer Sciences

Physical Sciences

Humanities

Education

Personal, Protective & Transportation Services

Visual & Performing Arts

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

Days on Strata

based on recent sales

List vs Selling Price

On average, these condos sell for

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

Units were Sold over the past twelve months

Rented Units

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 Bed	1 Bed + Den	2 Bed	2 Bed + Den	3 Bed	3 Bed + Den
Price Range	$910,000	$545,000 - $632,000	$700,000 - $1,190,000	$755,000 - $760,000	No Data	No Data
Avg. Cost Per Sqft	$985	$954	$933	$894	No Data	No Data
Price Range	$2,100	$2,350 - $3,350	$2,950 - $3,250	$4,100	No Data	No Data
Avg. Wait for Unit Availability	225 Days	33 Days	46 Days	266 Days	No Data	1667 Days
Avg. Wait for Unit Availability	211 Days	27 Days	39 Days	383 Days	No Data	No Data
Ratio of Units in Building	8%	54%	33%	5%	2%	1%

Transactions vs Inventory

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