507 - 500 Sherbourne Street

South St. James Town, Toronto

507 - 500 Sherbourne Street, South St. James Town, Toronto

$609,000

Bedrooms: 1

Bathrooms: 1

Living Area: 600 sqft

Price Per Sqft: $1,015.00

About this Condo

in South St. James Town, Toronto

Welcome to urban living at its finest in the coveted 500 Sherbourne. Renovated in 2022, this upscale and stunning suite features a full-size kitchen with a sleek stone waterfall countertop, matching backsplash, breakfast bar, and newer stainless steel appliances. The modern design continues with new laminate flooring and upgraded light fixtures throughout.Soaring 9-foot ceilings and an open-concept layout create a seamless flow between the living, dining, and kitchen areas. The versatile den with sliding glass doors can easily function as a second bedroom. Enjoy maximum storage with custom closet organizers.Step out onto the oversized 20-foot balcony with two walk-outs, overlooking the beautifully landscaped urban garden below. Residents enjoy state-of-the-art amenities including a stylish party room with access to a large rooftop terrace featuring BBQs, lounge seating, and city views, plus 24-hour concierge, gym, guest suites, and ample visitor parking.Ideally located in the heart of downtown with TTC, shopping, dining, and Bloor Street just steps away.

Listed by THE AGENCY.

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LAND TRANSFER TAX CALCULATOR

Purchase Price  
First-Time Home Buyer
Ontario Land Transfer Tax
Toronto Land Transfer Tax

Province of Ontario (effective January 1, 2017)

For Single Family or Two Family Homes

  • Up to and including $55,000.00 -> 0.5%
  • $55,000.01 to $250,000.00 -> 1%
  • $250,000.01 to $400,000 -> 1.5%
  • $400,000.01 & $2,000,000.00 -> 2%
  • Over $2,000,000.00 -> 2.5%

First-time homebuyers may be eligible for a refund of up to $4,000.

Source: Calculating Ontario Land Transfer Tax
Source: Ontario Land Transfer Tax for First-Time Homebuyers

City of Toronto (effective March 1, 2017)

For Single Family or Two Family Homes

  • Up to and including $55,000.00 -> 0.5%
  • $55,000.01 to $250,000.00 -> 1%
  • $250,000.01 to $400,000 -> 1.5%
  • $400,000.01 & $2,000,000.00 -> 2%
  • Over $2,000,000.00 -> 2.5%

First-time homebuyers may be eligible for a rebate of up to $4,475.

Source: Municipal Land Transfer Tax Rates and Calculations
Source: Municipal Land Transfer Tax Rates Rebate Opportunities

MORTGAGE CALCULATOR

     
Asking Price: Interest Rate (%):
Amortization:  
Percent Down:
Down Payment:
First Mortgage:
CMHC Prem.:
Total Financing:
Monthly P&I:
* This material is for informational purposes only.

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