MLS® listing
500 Sherbourne Street 1311: condo apartment for sale
$589,900
From the listing brokerage
This bright and stylish condo features a smart open-concept layout, is freshly painted and upgraded with thoughtful details throughout. Since purchase, the unit has been enhanced with all-new stainless steel appliances (2021), custom built-in organizers in every closet, and stylish European light fixtures that elevate the space. The functional floor plan offers a spacious kitchen with an island & breakfast bar, a versatile den or second bedroom/home office, generous & optimized storage spaces, and a large private balcony with open city views. The building itself is renowned for exceptional management and amenities including 24-hourconcierge, rooftop terrace with BBQs, gym, yoga room, sauna, theatre, games and party rooms, guest suites, visitor parking, and EV charging stations. Perfectly situated at Sherbourne and Wellesley, you're just steps to two subway lines, Bloor Street, Yorkville, U of T, groceries, cafes, Church Street, Rosedale, Cabbagetown, and nearby parks - making this an ideal home for both convenience and lifestyle. A rare opportunity to own in a sought-after, well-managed building in the heart of the city!
Facts on the listing
| Square feet | 600-699 |
|---|---|
| Style | Apartment |
| Basement | None |
| Parking spaces | 0 |
| Garage | Underground |
| Heating | Forced Air |
| Cooling | Central Air |
| Kitchens | 1 |
| Maintenance fee | $587 |
| Property tax | $2,755 |
| Tax year | 2026 |
| Locker | Ensuite+Exclusive |
| Pets | Yes-with Restrictions |
| Exposure | North |
| Fee includes | Heat Included, Common Elements Included, Building Insurance Included, Water Included, CAC Included |
| Balcony | Open |
| Laundry | In-Suite Laundry |
| Interior features | Separate Heating Controls, Separate Hydro Meter, Storage |
| Features | Clear View, Hospital, Place Of Worship, Public Transit, Rec./Commun.Centre, School |
| View | Clear |
| Floor | 13 |
Listing courtesy of REMAX YOUR COMMUNITY REALTY. MLS® C14123710.
About this condo apartment
500 Sherbourne Street 1311 is a 2 bedroom condo apartment in TRREB's North St. James Town community in Toronto, listed for sale at $589,900. The listing shows 1 bathroom and 600-699 square feet. The style is given as apartment. The unit faces north. It comes with an underground garage and a locker (ensuite+exclusive) according to the listing. The nearest main intersection given is Sherbourne & Wellesley.
These details come from the listing brokerage through TRREB's MLS® System. Room sizes, parking and locker ownership and what the fee covers should all be checked against the status certificate before an offer is firm.
What it costs to buy 500 Sherbourne Street 1311
At the asking price of $589,900, a buyer pays two land transfer taxes on closing: the Ontario tax and the City of Toronto's municipal tax. Both apply to every home inside the City.
| Asking price | $589,900 |
|---|---|
| Ontario land transfer tax | $8,273 |
| Toronto municipal land transfer tax | $8,273 |
| Both taxes | $16,546 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $33,990 |
The down payment figure is the federal minimum: 5 percent of the first $500,000 and 10 percent of the rest. A lender can ask for more. These figures use the asking price, so they change if you pay more or less. Legal fees, title insurance and adjustments are extra: ask your lawyer for a written quote. This is general information, not legal or tax advice. Confirm the figures with a lawyer or accountant. You can change the price in our land transfer tax calculator and our mortgage calculator.
What it costs to own each month
| Maintenance fee | $587 a month |
|---|---|
| Property tax (2026) | $2,755 a year, about $230 a month |
| Fee and tax together | about $817 a month |
The listing says the maintenance fee includes heat, common elements, building insurance, water and cac. That is before a mortgage payment, home insurance and any utilities the fee does not cover. Fees are set each year in the corporation's budget and can change. The status certificate shows the current fee, the budget behind it and the reserve fund.
How the asking price compares
TRREB recorded 885 condo apartment sales in the City of Toronto in August 2026, at a median price of $550,000 and an average of $651,648. This home is listed at $589,900, which is $39,900 above that median.
The median covers every neighbourhood, size and condition in the City of Toronto, so it is a reference point and not a valuation of this home. Location, size, lot, parking and condition all move the price. Our Toronto house prices page has the figures for every home type.
What to check before you make an offer
- Order the status certificate. A condo corporation must provide it within 10 days of a request and can charge up to $100. It shows the fee for this unit, any arrears, the budget, the reserve fund balance and any special assessment or lawsuit the corporation knows about.
- Have a lawyer read it. The certificate comes with the declaration, by-laws and rules. Ask what they say about pets, renting the unit and renovations. The listing gives pets as "Yes-with Restrictions".
- Confirm the parking and locker. The listing shows a locker. Ask whether each is owned, exclusive use or rented. Get the unit numbers.
- Check the reserve fund study. Ask when the last study was done and what it says about contributions.
- Get your financing in writing. A lender looks at the maintenance fee and the property tax as well as the price.
- See it in person. Photos do not show noise, light at different hours or the state of the hallways and elevators.
Our first-time home buyer guide and our page for buyers walk through each step. This is general information, not legal advice. Confirm the details with a lawyer.
Toronto neighbourhoods and prices
Our neighbourhood guides set out TRREB prices by home type, transit and the housing in each area we cover.
Toronto neighbourhood guides · Toronto house prices · All Toronto homes for sale
Similar homes for sale in Toronto
$619,000130 River Street 2008, Toronto, ON M5A 0R82 bedrooms · 2 bathrooms · Condo ApartmentListed by ROYAL LEPAGE ESTATE REALTY. MLS® C14125606
$519,000121 Lower Sherbourne Street 946, Toronto, ON M5A 0W82 bedrooms · 2 bathrooms · Condo ApartmentListed by RE/MAX CONDOS PLUS CORPORATION. MLS® C13764504
$499,99017 Pembroke Street 15, Toronto, ON M5A 2N62 bedrooms · 1 bathroom · Condo ApartmentListed by ROYAL LEPAGE TERREQUITY REALTY. MLS® C14125566
$780,0001210 Don Mills Road 219, Toronto, ON M3B 3N92 bedrooms · 2 bathrooms · Condo ApartmentListed by ROYAL LEPAGE SIGNATURE REALTY. MLS® C14120958
$849,90020 Gothic Avenue 613, Toronto, ON M6P 1T52 bedrooms · 2 bathrooms · Condo ApartmentListed by RE/MAX CROSSROADS REALTY INC.. MLS® W13876600
$869,90030 Grand Trunk Crescent 311, Toronto, ON M5J 3A42 bedrooms · 2 bathrooms · Condo ApartmentListed by REAL ESTATE HOMEWARD. MLS® C14121056
Questions about 500 Sherbourne Street 1311
How much is land transfer tax on 500 Sherbourne Street 1311?
At the asking price of $589,900 the Ontario tax is $8,273 and the Toronto tax is $8,273, $16,546 in total. A first-time buyer who qualifies can get up to $8,475 back. Confirm the final figures with your lawyer.
What is the minimum down payment for 500 Sherbourne Street 1311?
$33,990 at the asking price of $589,900, under the federal minimum down payment rules. A lender may require more.
What is the maintenance fee at 500 Sherbourne Street 1311?
The listing shows $587 a month, including heat, common elements, building insurance, water and cac. Check the current fee in the status certificate.
How much is the property tax on 500 Sherbourne Street 1311?
The listing shows $2,755 a year for 2026, about $230 a month.
Is 500 Sherbourne Street 1311 priced above or below the median?
It is listed at $589,900. The August 2026 median for condo apartment sales in the City of Toronto was $550,000 across 885 sales, so the asking price is $39,900 higher. The median covers all sizes and neighbourhoods.
How do I book a showing for 500 Sherbourne Street 1311?
Use the form on this page or call us. Quote MLS® C14123710. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 500 Sherbourne Street 1311 still for sale?
This page is refreshed from TRREB's MLS® System through the day. If the listing sells or is withdrawn the page says so. Contact us to confirm before you make plans.
The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose. The data is deemed reliable but is not guaranteed accurate by TRREB or PropTx. Each listing shows the brokerage that listed it. Listings are updated every few minutes.
REALTOR®, REALTORS® and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). MLS®, Multiple Listing Service® and the associated logos are trademarks owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.