500 Sherbourne Street, Toronto, ON
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Property Highlights
Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Cabbagetown-South St. James Town. Expertly crafted featuring premium brick and concrete construction, this residence presents an exceptional opportunity offered at $559,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 2 Bedrooms and 1 Bathroom
- Generous living space spanning 600-699 sqft
- 0.0 total parking spaces available with a convenient underground configuration
- Notable attributes: None
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to urban living at its finest in the coveted 500 Sherbourne. Renovated in 2022, this upscale and stunning suite features a full-size kitchen with a sleek stone waterfall countertop, matching backsplash, breakfast bar, and newer stainless steel appliances. The modern design continues with new laminate flooring and upgraded light fixtures throughout.Soaring 9-foot ceilings and an open-concept layout create a seamless flow between the living, dining, and kitchen areas. The versatile den with sliding glass doors can easily function as a second bedroom. Enjoy maximum storage with custom closet organizers.Step out onto the oversized 20-foot balcony with two walk-outs, overlooking the beautifully landscaped urban garden below. Residents enjoy state-of-the-art amenities including a stylish party room with access to a large rooftop terrace featuring BBQs, lounge seating, and city views, plus 24-hour concierge, gym, guest suites, and ample visitor parking.Ideally located in the heart of downtown with TTC, shopping, dining, and Bloor Street just steps away.
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Key Features
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Parking & Garage
Heating & Cooling
Features
Property Features
Library, Park, Public Transit, Place Of Worship, Rec./Commun.Centre
Interior Features
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Security Features
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Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 500 Sherbourne Street 507, Toronto C08, ON M4X 1L1
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $559,900 in Toronto, the legal minimum down payment is $30,990 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $7,673 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $7,673 also applies, bringing the total estimated land transfer taxes to $15,346.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
