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$659,000
The 500 Condos and Lofts · 500 Sherbourne Street · Toronto · Ontario M4X 1L1
25 days on market
Live In The Luxurious "500 Sherbourne Condo and Lofts"! This Beautiful Two Bedroom Unit With Parking Has A Great Layout With A Rare Separate Dining Room And A Spectacular View. Features Brand New Flooring, Stainless Steel Appliances and is Freshly Painted. This Unit Is A Must See! One Parking Space Included. Watch The Video Tour And Book An Appointment To View Today!
Could save you thousands on this purchase — closing strategy, negotiation & rebate.
Insufficient comparable sales to generate an estimate. Boost accuracy on MyStreetValue →
Seller signals
↓ $10KPrice reduction
MLS shows the seller reduced the asking price by $10,000 (from $669,000 to $659,000).
Labels reflect MLS fields and listing history in our database — not an opinion on fair market value.
Property history
Comparable sales
Brokered by: SUTTON GROUP-ASSOCIATES REALTY INC.
Source: TRREB/PROPTX · MLS® C13837448
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20%+ down — no CMHC premium
≈ $0.07/ft² × ~850 ft² · ON avg ~$75/mo
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
From listing or typical fee
Cost composition
Mortgage is 43% of your true cost of ownership. The other 57% surprises most first-time buyers.
Full breakdown
| Mortgage & financing | ||
| Mortgage (P+I) | $30,001 | $2,500/mo |
| Government & taxes | ||
| Property tax | $3,614 | $301/mo |
| Land transfer tax(closing) | $9,655 | $805/mo |
| Insurance & protection | ||
| Home insurance | $1,200 | $100/mo |
| Title insurance(closing) | $400 | $33/mo |
| Utilities | ||
| Hydro / electricity | $900 | $75/mo |
| Gas | $1,500 | $125/mo |
| Water & sewer | $720 | $60/mo |
| Internet / TV / phone | $840 | $70/mo |
| Maintenance & upkeep | ||
| Maintenance reserve (1.0%) | $6,590 | $549/mo |
| Condo fees | ||
| Condo / HOA fees | $9,224 | $769/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 | $69,743 | $5,812/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.