3+-413 Sherbourne Street, Toronto, ON
Cabbagetown-South St. James Town, Toronto · MLS® C12920390
About this home
Stunning 1840 Victorian Mansion in the heart of Cabbagetown. This unique Live/Work space features soaring ceilings, original plasterwork, and a sun-drenched vaulted loft with large windows and bright exposures. Experience the perfect blend of historic character and modern functionality, including a spacious main floor office. Steps to the Eaton Centre and downtown, yet offering a private gated garden shaded by mature trees and fencing. Perfectly situated next to municipal parking for easy client access.
Key facts
- Property type
- Other, 3-Storey
- MLS®
- C12920390
- Bedrooms
- 6 (5 + 1)
- Bathrooms
- 5 (2 half)
- Size
- 3500-5000
- Lot
- 38.25 × 113 ft
- Cross streets
- Wellesley and Carlton
- Parking
- 4 parking
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $26,419 / 2025
- Days on market
- 119
- Listing brokerage
- COLDWELL BANKER THE REAL ESTATE CENTRE
Rooms
Hardwood Floor
Broadloom
bay window · combined w/dining · hardwood floor
gas fireplace · broadloom · bay window
Skylight
Broadloom
Combined w/Living
hardwood floor · walk-in closet(s) · balcony
Hardwood Floor
Listed at $3,459,000, this home is about 27% below comparable homes, worth a close look. The number above is my independent estimate of value, not the asking price.
In Cabbagetown-South St. James Town lately, sellers have been getting about 103% of asking and homes sell in about 29 days.
There were not many closely comparable homes right in Cabbagetown-South St. James Town, so I widened the search to the surrounding area.
Based on 19 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 19 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $5.67M, a bit higher. The comparable range is wide here, so treat this as a rough read until I run a full CMA.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, sold for $3.52M
- Adjusts to $3.52M
That comparable adjusts to $3.52M; the $4.76M estimate above is the median of all 19 comparables, which is steadier than any single home.This estimate is grounded in actual closing prices from the last 15 months, not asking prices. Lot, condition, and finishes are still my in-person call.
Its public catchment (Jesse Ketchum Junior and Senior Public School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
Total price vs nearby homes. Fair value about $4.76M, median of 19 comparables.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest active listings nearby.
See all comparable homesThis home lists 11% below the area average of $918/sqft.
On the market now.
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Cabbagetown-South St. James Town, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Homes over $1.5M can't be insured, so 20% down or more is required.
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 23, 2026); conventional rates run a little higher.
Mortgage amount $2,767,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $14,767
- Property tax
- $2,202
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $16,968
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $72,950
- Toronto municipal land transfer tax
- $77,540
- Estimated closing costs
- $150,490
Plus your down payment of $691,800. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $886,008
- Principal paid down
- $352,404
- Interest paid
- $533,605
- Balance remaining
- $2,414,796
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of COLDWELL BANKER THE REAL ESTATE CENTRE. MLS®/PropTx.