500 Sherbourne St 3006

FOR SALE
$1,250,000
500 Sherbourne St 3006, Downtown Toronto
500 Sherbourne St 3006
500 Sherbourne St 3006
500 Sherbourne St 3006
500 Sherbourne St 3006
500 Sherbourne St 3006
500 Sherbourne St 3006
500 Sherbourne St 3006
500 Sherbourne St 3006
500 Sherbourne St 3006
500 Sherbourne St 3006
500 Sherbourne St 3006
500 Sherbourne St 3006
500 Sherbourne St 3006
500 Sherbourne St 3006
500 Sherbourne St 3006
500 Sherbourne St 3006
500 Sherbourne St 3006
500 Sherbourne St 3006
500 Sherbourne St 3006
500 Sherbourne St 3006
500 Sherbourne St 3006
500 Sherbourne St 3006
500 Sherbourne St 3006
500 Sherbourne St 3006
500 Sherbourne St 3006
500 Sherbourne St 3006
500 Sherbourne St 3006
500 Sherbourne St 3006
500 Sherbourne St 3006
500 Sherbourne St 3006
500 Sherbourne St 3006
500 Sherbourne St 3006
500 Sherbourne St 3006
500 Sherbourne St 3006
500 Sherbourne St 3006
500 Sherbourne St 3006
500 Sherbourne St 3006
500 Sherbourne St 3006
500 Sherbourne St 3006
500 Sherbourne St 3006
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2
BEDROOMS
2
BATHROOMS
1
KITCHENS
9
ROOMS
C9304544
MLSID
Contact Us
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
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
Property Features
Hospital, Library, Park, Place Of Worship, Public Transit, School
Property Details
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
Room Summary
RoomLevelSizeFeatures
FoyerFlat4.66' x 4.99'Double Closet, Mirrored Closet, Tile Floor
LivingFlat16.44' x 18.93'B/I Bookcase, Window Flr to Ceil, Sw View
DiningFlat7.84' x 15.32'West View, Window Flr to Ceil, W/O To Balcony
KitchenFlat9.42' x 10.33'Picture Window, West View, Tile Floor
Prim BdrmFlat14.93' x 19.32'5 Pc Bath, W/I Closet, W/O To Balcony
BathroomFlat5.41' x 11.32'5 Pc Ensuite, Marble Counter, Tile Floor
OtherFlat5.35' x 20.24'Balcony, Combined W/Br, South View
2nd BrFlat11.09' x 15.49'Window Flr to Ceil, W/O To Balcony, South View
BathroomFlat5.41' x 10.33'3 Pc Bath, Separate Shower, Tile Floor
OtherFlat5.35' x 20.08'Balcony, Combined W/Kitchen, West View
LaundryFlat3.67' x 4.95'Closet, Tile Floor
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 $479,961 (62.3%) higher than the average sold price of $770,039 in the last 30 days (August 16 - September 14). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto declined by $17,913 (2.3%) compared to the previous 30 day period (July 17 - August 15) and down $13,617 (1.7%) from the same time one year ago.
Inventory Change
There were 1,378 2-bedroom condos listed in Downtown Toronto over the last 30 days (August 16 - September 14), which is up 20.9% compared with the previous 30 day period (July 17 - August 15) and up 0.2% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($16,377) (2.1%) below asking price over the last 30 days (August 16 - September 14), which represents a $4,729 increase compared to the previous 30 day period (July 17 - August 15) and ($11,745) less 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 (August 16 - September 14) stood at 30.8%, down from 41.8% over the previous 30 days (July 17 - August 15) and down from 33.0% 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 (August 16 - September 14), compared to 58 days before being removed from the market upon being suspended or terminated.
Listing contracted with Real Estate Homeward
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