500 Sherbourne Street, Toronto, ON
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Property Highlights
Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of North St. James Town. Expertly crafted featuring premium concrete construction, this residence presents an exceptional opportunity offered at $609,000 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
- 1.0 total parking spaces available with a convenient underground configuration
- Notable attributes: Other
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
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 interiors, and brand-new floors. 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. 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!
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Pricing & Value Insights
Data-driven valuation for 500 Sherbourne Street 1005, 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 $609,000 in Toronto, the legal minimum down payment is $35,900 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 $8,655 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $8,655 also applies, bringing the total estimated land transfer taxes to $17,310.
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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.