703-500 Sherbourne Street, Toronto, ON

North St. James Town, Toronto · MLS® C13837448

$659,000
For Sale
Listed 21 days agoNo offer date stated
2Bedrooms
2Bathrooms
1Garage
800-899Sq ft

About this home

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!

Key facts

Property type
Condo Apartment, Apartment
MLS®
C13837448
Bedrooms
2
Bathrooms
2
Size
800-899 sq ft
Cross streets
Sherbourne and Bloor
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Concrete
Maintenance
$769/mo
Exposure
North East
Property tax
$3,614 / 2026
Days on market
21
Listing brokerage
SUTTON GROUP-ASSOCIATES REALTY INC.

Rooms

Bedroom 2Flat3.06 × 2.77 m

plank · closet · picture window

BathroomFlat3.26 × 1.52 m

4 pc bath · ceramic floor

Dining RoomFlat3.68 × 2.45 m

plank · w/o to balcony · picture window

Living RoomFlat3.08 × 3.68 m

picture window · plank · separate room

Primary BedroomFlat3.06 × 3.07 m

3 pc ensuite · plank · picture window

BathroomFlat1.86 × 1.75 m

3 pc ensuite · ceramic floor

KitchenFlat3.20 × 3.19 m

quartz counter · stainless steel appl · b/i microwave

Our TakeTeam Asgarian · Broker
No automatic estimate

No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.

Considering this property? Request a written price read

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.

What sellers nearby are askingCurrently listed nearby in North St. James Town · asking prices
$676kavg asking

The closest active listings by size, beds, and price, so you can see what this home is up against.

Per square foot, these ask about $817/sqft; this home lists at $776/sqft. Size is part of the price story, not just the sticker.

The 5 closest of 8 active listings nearby.

See all comparable homes
659kThis home660k650k649k725k695kThis home vs active comparables

Neighbourhood & location

North St. James Town, Toronto, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Church-Yonge Corridor
$529K
Kensington-Chinatown
$585K
Waterfront Communities C8
$554K
Waterfront Communities C1
$610K
Niagara
$724K

Typical asking price of active listings of the same type, per area (outliers removed). Toronto.

Get the full neighbourhood report (schools, parks, transit & safety) →

Schools & catchmentAssigned attendance-boundary schools, with EQAO results

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.

Street view near Church Street Junior Public School
73%
Church Street Junior Public SchoolPublic · Elementary · 0.6 km awayAround the GTA average · 73% meet the provincial standard
Also nearby: 12 more schools within 2.5 km
Msgr Fraser College (Isabella Campus) · Catholic secondary0.2 km
St Martin Catholic School(OL of Lourdes · Catholic elementary0.2 km
Jarvis Collegiate Institute · Public secondary0.3 km · 57% at standard
Rose Avenue Junior Public School · Public elementary0.3 km · 46% at standard
Winchester Junior and Senior Public School · Public elementary0.4 km · 76% at standard
Native Learning Centre · Public secondary0.6 km
St Martin Catholic School (St.Martin) · Catholic secondary0.9 km
Rosedale Heights School of the Arts · Public secondary1.0 km · 80% at standard
Sprucecourt Junior Public School · Public elementary1.0 km · 59% at standard
Lord Dufferin Junior and Senior Public School · Public elementary1.0 km · 55% at standard
St Joseph's College School · Catholic secondary1.1 km · 76% at standard
Rosedale Junior Public School · Public elementary1.2 km · 94% at standard

Not the assigned catchment: schools a family here could reach, with EQAO results where published.

Affordability & Mortgage

Affordability
$3,004/mo
$142KIncome needed
4.6×Price ÷ income
$693Weekly cost
$19,310Land transfer tax, one-time (Ontario + Toronto)
20% down4.79%25-yr amortization

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.

74%mortgage
Mortgage $3,004Property tax $301Condo fee $769Total carry $4,073

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

$
20.0%
$
%
4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$2,915per month

Mortgage amount $527,200 · 4.49% over 25 years

$131,800Down payment (20.0%)
$527,200Loan before insurance
$0CMHC premium
$3,985Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,915
Property tax
$301
Condo / maintenance fees
$769
Heating
$0
Estimated monthly cost
$3,985

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$9,655
Toronto municipal land transfer tax
$9,655
Estimated closing costs
$19,310

Plus your down payment of $131,800. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$3,528/monthPayment at the qualifying rate

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

$347,294Total interest paid
$874,494Total of all payments
Principal $527,200 Interest $347,294
YearPrincipalInterestBalance
1$11,765$23,215$515,435
2$12,299$22,681$503,136
3$12,857$22,122$490,279
4$13,441$21,539$476,837
5$14,052$20,928$462,786
6$14,690$20,290$448,096
7$15,356$19,623$432,740
8$16,054$18,926$416,686
9$16,783$18,197$399,904
10$17,545$17,435$382,359
11$18,341$16,639$364,018
12$19,174$15,806$344,844
13$20,045$14,935$324,799
14$20,955$14,025$303,844
15$21,906$13,074$281,938
16$22,901$12,079$259,038
17$23,941$11,039$235,097
18$25,027$9,952$210,070
19$26,164$8,816$183,906
20$27,352$7,628$156,554
21$28,594$6,386$127,960
22$29,892$5,088$98,068
23$31,249$3,731$66,819
24$32,668$2,312$34,151
25$34,151$829$0

At the end of your 5-year term

Total paid over the term
$174,899
Principal paid down
$64,414
Interest paid
$110,485
Balance remaining
$462,786

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.

Let's connect

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

Rental yield
Estimate$2,700/mo
$32,400Gross annual rent
2.3%Cap rate after taxes and upkeep

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

Estimates 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.

4.9%
Gross yield
− Property tax $3,614− Condo fees $9,224− Insurance $600− Vacancy & upkeep $3,564Net operating income $15,398

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of SUTTON GROUP-ASSOCIATES REALTY INC.. MLS®/PropTx.

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