502 - 500 Sherbourne Street

North St. James Town, Toronto

502 - 500 Sherbourne Street, North St. James Town, Toronto

$569,990

Bedrooms: 1

Bathrooms: 1

Living Area: 600 sqft

Price Per Sqft: $949.98

About this Condo

in North St. James Town, Toronto

500 Sherbourne Street is an impressive 34-storey luxury condominium, completed by Times Group in 2010, and ideally located at the corner of Lourdes Lane and Sherbourne Street in St. James Town-one of central Toronto's most rapidly evolving neighbourhoods. Enjoy exceptional walkability to the shops and restaurants of Cabbagetown, Church Street Village, and Yonge & Bloor, along with convenient access to TTC Sherbourne Station (Line 2) and TTC Bus Route 75. Nature lovers will appreciate nearby Riverdale Farm, Rosedale Valley, and the scenic Lower Don River trails, perfect for hiking and cycling. This well-appointed suite offers approximately 668 square feet of interior living space, plus a 50-square-foot northwest-facing balcony with charming views overlooking the historic Our Lady of Lourdes Church. The functional layout features one bedroom plus den, one four-piece bathroom, hardwood flooring throughout, and above-average 10-foot ceilings that enhance the open and airy feel. The open-concept kitchen is equipped with granite countertops, stainless steel appliances, a centre island, and flows seamlessly into the living area, which walks out directly to the balcony-ideal for both everyday living and entertaining. Residents enjoy an impressive selection of building amenities, including a fully equipped fitness centre, fifth-floor rooftop patio with BBQs and lounge seating, 24-hour concierge and security, billiards and games room, theatre, party room, business centre/meeting room, and guest suites. One parking space is included, completing this exceptional offering in a prime downtown location.

Listed by POPE REAL ESTATE LIMITED.

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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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