503-500 Sherbourne Street, Toronto, ON
North St. James Town, Toronto · MLS® C13147086
About this home
Welcome to The 500 Condos and Lofts- offering a true lux/lifestyle living experience in the heart of downtown Toronto. Ideal for first time buyers, an executive couple working from home with the multiple boardrooms and lounges, or the buyer trading down from the big house in the suburbs. This spacious 2 full bedrooms plus 2 full baths is 863 sq. ft. as per floor plan attached is over 150 sq. ft. larger than the Toronto average for a new 2 full bedrooms, 2 full baths of similar price. The versatile separate dining area easily converts into a home office. The bright, spacious layout features a modern separate kitchen with, modern full 2 bathrooms in-suite with walk in shower and modern tile. The unit features stunning wall to wall of windows in each room showcasing spectacular city views. This highly sought-after executive style building offers resort-style amenities: modern gym with free weights and cardio area, lounges, work area, games room, boardrooms, and expansive party room and lounge areas. Includes one parking and a storage locker, Plenty of visitor parking and 2 common EV charging stations. Experience unmatched value, space, and lifestyle -book your viewing and include a tour of the exceptional amenities. 5th floor large common terrace with BBQ's and lounge areas, on the 2nd floor, gym, games room, study rooms, guest suites and party room with kitchen. Main floor party room with walk out terrace and 2 common EV charging stations by underground visitor parking.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13147086
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 800-899
- Cross streets
- Sherbourne/Wellesley
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $780/mo
- Exposure
- North East
- Property tax
- $3,645 / 2025
- Days on market
- 64
- Listing brokerage
- REAL ESTATE HOMEWARD
Rooms
double closet · north view
3 pc ensuite · separate shower · ceramic floor
double closet · east view · 3 pc ensuite
ne view · window
stainless steel appl · quartz counter · pantry
balcony · concrete floor · nw view
tile floor · double closet · mirrored closet
north view · w/o to balcony · window
closet · separate room
4 pc bath · ceramic floor · soaking tub
Listed at $689,900, and my independent estimate is about 8% above what comparable homes suggest.
In North St. James Town lately, sellers get about 96% of asking; homes sell in ~33 days.
Total price vs nearby homes. Fair value about $639K, median of 13 comparables.
How this estimate is builtthe short version
I take the 13 most comparable recent sales nearby and adjust each one to this home for the real differences (size, beds, baths, garage, and standout features), then use the median, which is steadier than leaning on any single sale.
It’s grounded in recent closing prices, not asking prices. Lot, condition, and finishes are my in-person call, and the city (MPAC) assessment points to about $676K, a close match.
Schools & getting aroundcatchment and transit
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.
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($812/sqft) is below the area, so you are paying for extra space rather than a premium.
Based on 13 comparable homes that recently sold nearby.
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 8 active listings nearby.
See all comparable homesThis home lists 7% below the area average of $877/sqft.
On the market now.
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
North 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
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 $551,920 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,945
- Property tax
- $304
- Condo / maintenance fees
- $780
- Heating
- $0
- Estimated monthly cost
- $4,029
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $10,273
- Toronto municipal land transfer tax
- $10,273
- Estimated closing costs
- $20,546
Plus your down payment of $137,980. 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
- $176,715
- Principal paid down
- $70,287
- Interest paid
- $106,428
- Balance remaining
- $481,633
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 REAL ESTATE HOMEWARD. MLS®/PropTx.