500 Sherbourne St 3006
North St. James Town, Downtown Toronto, M4X 1L1
FOR SALE
$1,250,000
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Property Description
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
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-06-07 | 2024-09-03 | 91 | $1,250,000 | - | Expired |
2022-04-09 | 2022-05-25 | 46 | $1,495,000 | $1,450,000 | Sold |
2020-06-11 | 2020-10-11 | 122 | $1,184,800 | - | Expired |
2019-11-05 | 2020-02-01 | 88 | $1,198,000 | - | Terminated |
2019-09-03 | 2019-11-04 | 62 | $1,198,000 | - | Terminated |
2019-06-17 | 2019-09-03 | 78 | $1,200,000 | - | Terminated |
Extras
Enjoy 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.
Nearby Intersections
Bloor & Jarvis (106)
Property Features
Electric Car Charger, Hospital, Library, Park, Public Transit, School
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
1200-1399
Taxes
$5,436 (2024)
Basement
Other
Exterior
Concrete
Heat Included
Yes
Heat Type
Heat Pump
Heat Source
Gas
Air Conditioning
Central Air
Elevator
Yes
Parking Spaces
1
Parking 1
Owned (A)
Garage Type
Underground
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Foyer | Flat | 4.66' x 4.99' | Double Closet, Mirrored Closet, Tile Floor |
Living | Flat | 16.44' x 18.93' | B/I Bookcase, Window Flr to Ceil, Sw View |
Dining | Flat | 7.84' x 15.32' | West View, Window Flr to Ceil, W/O To Balcony |
Kitchen | Flat | 9.42' x 10.33' | Picture Window, West View, Tile Floor |
Prim Bdrm | Flat | 14.93' x 19.32' | 5 Pc Bath, W/I Closet, W/O To Balcony |
Bathroom | Flat | 5.41' x 11.32' | 5 Pc Ensuite, Marble Counter, Tile Floor |
Other | Flat | 5.35' x 20.24' | Balcony, Combined W/Br, South View |
2nd Br | Flat | 11.09' x 15.49' | Window Flr to Ceil, W/O To Balcony, South View |
Bathroom | Flat | 5.41' x 10.33' | 3 Pc Bath, Separate Shower, Tile Floor |
Other | Flat | 5.35' x 20.08' | Balcony, Combined W/Kitchen, West View |
Laundry | Flat | 3.67' x 4.95' | Closet, Tile Floor |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
500 Sherbourne St 3006 is a 2-bedroom 2-bathroom condo listed for sale at $1,250,000, which is $484,548 (63.3%) higher than the average sold price of $765,452 in the last 30 days (October 22 - November 20). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto declined by $8,631 (1.1%) compared to the previous 30 day period (September 22 - October 21) and down $38,146 (4.7%) from the same time one year ago.Inventory Change
There were 1,197 2-bedroom condos listed in Downtown Toronto over the last 30 days (October 22 - November 20), which is down 4.8% compared with the previous 30 day period (September 22 - October 21) and up 7.3% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($20,550) (2.7%) below asking price over the last 30 days (October 22 - November 20), which represents a $1,928 decrease compared to the previous 30 day period (September 22 - October 21) and ($20,698) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 2-bedroom condos in Downtown Toronto over the last 30 days (October 22 - November 20) stood at 49.0%, up from 37.7% over the previous 30 days (September 22 - October 21) and up from 36.3% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom condo in Downtown Toronto stood at 31 days when successfully sold over the last 30 days (October 22 - November 20), compared to 62 days before being removed from the market upon being suspended or terminated.Listing contracted with Real Estate Homeward
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