Location, Location, Location! Located at the heart of Toronto's Entertainment and Art District. Steps away from two renowned performing arts theatres, the Young People's Theatre and the Canadian Opera Company Theatre. Within walking distance to the St. Lawrence Market, Distillery District, Corktown, George Brown St. James Campus, Waterfront Trails, Restaurants, Bars, Cafes, Toronto Public Library, Grocery Stores, Public Transit, Banks and Everyday Amenities. And just minutes away from the Financial District, Union Station, Sugar Beach, and Canary District. Very Accessible via Public Transit (TTC, Subway) and by Highway (Gardiner Expressway and DVP). This Building boosts an impressive list of amenities such as 24 Hour Concierge, Gym, Exercise Room, Party Room, Rooftop Terrace, Outdoor Infinity Pool, Ample Visitor Parking just to name a few. It is the place to be for the full Downtown living experience!
1 bedroom, 2 bathrooms, about 500 sq ft, works out to roughly $1,080 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.
Inside 121 Lower Sherbourne St #LPH1840
Every detail from the listing, in one place.
Type
Condo
Style
Apartment
Living space
500-599 sq ftas stated on the listing
Basement
None
Features & systems
Parking & garage
Garage
Yes
Parking spaces
0
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Apartment
Property class
Condo Apartment
121 Lower Sherbourne St #LPH1840 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® C13720870$540,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 121 Lower Sherbourne St #LPH1840 Compares to the Toronto Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$2,653
/mo
based on the purchase price of $540,000
$108,000 cash
$432,000 financed
$363,857 total interest
Principal54%$432,000
Interest46%$363,857
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
Want rate-drop alerts and a saved shortlist?
Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
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Ask about 121 Lower Sherbourne St #LPH1840 day or night. Zara reads this listing and answers in plain words. When you want a person, she hands you to a licensed agent.
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Your agent shows you the home, checks the paperwork and negotiates your offer, on your side, not the seller's.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Toronto
Other 1–3 bed homes for sale in Toronto around $540K.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5138.8%On average, homes sold at or above asking.
Active listings12,304Homes for sale here right now.
Median vs prior 90 days+0.8%Compared with Apr 26 – Jul 25, 2026: prices up.
Based on 9,226 sales from Jul 25 – Oct 23, 2026 (6,811 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
More in this building
5 for sale at 121 Lower Sherbourne St — plus its sale and lease history.
Union StationLine 1, Barrie GO, Kitchener GO, Lakeshore East GO, Lakeshore West GO, Milton GO, Richmond Hill GO, Stouffville GO, UP Express1.2 km15 min walk
Loading schools, parks, groceries and more nearby…
Transit
King Station (Line 1)11 min walk
Queen Station (Line 1)13 min walk
Union Station (Line 1, Barrie GO, Kitchener GO, Lakeshore East GO, Lakeshore West GO, Milton GO, Richmond Hill GO, Stouffville GO, UP Express)15 min walk
Nearest subway, GO and LRT stations first, then bus and streetcar stops.
How much is 121 Lower Sherbourne St #LPH1840 listed for?
121 Lower Sherbourne St #LPH1840 is listed at $540,000 (MLS® C13720870). Summitly updates the price as soon as the MLS® record changes.
Is $540,000 a good price for 121 Lower Sherbourne St #LPH1840?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Toronto. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 121 Lower Sherbourne St #LPH1840 changed?
No — 121 Lower Sherbourne St #LPH1840 is still listed at its original asking price of $540,000.
How many bedrooms and bathrooms does 121 Lower Sherbourne St #LPH1840 have?
121 Lower Sherbourne St #LPH1840 has 1 bedroom and 2 bathrooms, with about 500–599 square feet of living space. It is a condo in Toronto.
Is 121 Lower Sherbourne St #LPH1840 close to transit?
The nearest rapid-transit station is King Station (Line 1), about 840 m (about a 11-minute walk) in a straight line. Queen Station is about 1.0 km (about a 13-minute walk), and Union Station is about 1.2 km (about a 15-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 121 Lower Sherbourne St #LPH1840?
About $2,653 a month — principal and interest on $540,000 with 20% down ($108,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 121 Lower Sherbourne St #LPH1840 compare with other homes in Toronto?
Its asking price of $540,000 is about 36% below the median sold price in Toronto over the last 90 days, $842,000, across 9,226 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 121 Lower Sherbourne St #LPH1840 been sold before?
Summitly has no earlier MLS® sale or lease of 121 Lower Sherbourne St #LPH1840 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 121 Lower Sherbourne St #LPH1840?
121 Lower Sherbourne St #LPH1840 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 121 Lower Sherbourne St #LPH1840 been on the market?
56 days — 121 Lower Sherbourne St #LPH1840 was listed on August 28, 2026.
What is the price per square foot of 121 Lower Sherbourne St #LPH1840?
About $902 to $1,080 per square foot: the asking price of $540,000 over the 500–599 sq ft the listing gives as its size range.
Does 121 Lower Sherbourne St #LPH1840 have parking or a garage?
