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$50,000
The 500 · 500 Sherbourne Street · Toronto · Ontario M4X 1L1
223 days on market
Rare opportunity to purchase an underground parking space at 500 Sherbourne St.Located on Level B (P2), Spot #70. Buyer must be an owner within thecondominium or provide proof of purchase in the building. Ideal for ownerslooking to add convenience, increase property value, or secure additionalparking. Parking in the building may rent for approximately $150-$200 per
Could save you thousands on this purchase — closing strategy, negotiation & rebate.
Book a call for full analysis. Get a full analysis →
Seller signals
Motivated SellerWhy this label
Labels reflect MLS fields and listing history in our database — not an opinion on fair market value.
Property history
Comparable sales
Brokered by: ROYAL LEPAGE SIGNATURE REALTY
Source: TRREB/PROPTX · MLS® C12884018
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20%+ down — no CMHC premium
≈ $0.07/ft² × ~250 ft² · ON avg ~$75/mo · assumes gas heat
Typical ON gas-heated home · ~$125/mo
ON municipal avg ~$60/mo
ON internet/TV avg ~$70/mo
1% of value/yr — standard reserve
Landscaping & snow removal · $0 default
$100/mo default · adjust for your home
Optional monitoring · $0 default
Cost composition
Mortgage is 17% of your true cost of ownership. The other 83% surprises most first-time buyers.
Full breakdown
| Mortgage & financing | ||
| Mortgage (P+I) | $2,276 | $190/mo |
| Government & taxes | ||
| Land transfer tax(closing) | $250 | $21/mo |
| Insurance & protection | ||
| Home insurance | $1,200 | $100/mo |
| Title insurance(closing) | $400 | $33/mo |
| Utilities | ||
| Hydro / electricity | $900 | $75/mo |
| Natural gas (assumed) | $1,500 | $125/mo |
| Water & sewer | $720 | $60/mo |
| Internet / TV / phone | $840 | $70/mo |
| Maintenance & upkeep | ||
| Maintenance reserve (1.0%) | $500 | $42/mo |
| Closing costs (one-time) | ||
| Legal / lawyer(closing) | $2,500 | $208/mo |
| Home inspection(closing) | $600 | $50/mo |
| Moving costs(closing) | $2,000 | $167/mo |
| Total | $13,686 | $1,141/mo |
Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.