Best value! Priced to sell! Stylish and very convenient location in the building. Don't spend hours finding a parking spot in busy downtown Toronto. This unit is the only One-Bedroom condo UNDER $500K with one parking spot and locker in this building. The bright, open living space is perfect for relaxing or entertaining, with premium laminate floors keeps floor easy to clean. Soaring 9-foot ceilings make everything feel bigger and brighter. No worries about monthly utility costs, as the Maintenance fee covers Water and Heat and parking and a locker. Just a few minutes' walk to the Distillery District, St Lawrence Market, & Sugar Beach, Parliament Square & Princess St Park! Only 10 min walk to Union Station and two minutes to No-Frills and shopping,
1 bedroom, 1 bathroom, about 500 sq ft, works out to roughly $978 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 #456
Every detail from the listing, in one place.
Type
Condo
Style
Apartment
Living space
500-599 sq ftas stated on the listing
Parking
1 spaceYes garage
Basement
None
Features & systems
Parking & garage
Garage
Yes
Parking spaces
1
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Apartment
Property class
Condo Apartment
121 Lower Sherbourne St #456 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
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
$2,402
/mo
based on the purchase price of $488,888
$97,778 cash
$391,110 financed
$329,417 total interest
Principal54%$391,110
Interest46%$329,417
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.
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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 1–2 bed homes for sale in Toronto around $489K.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5194.5%On average, homes sold at or above asking.
Active listings11,971Homes for sale here right now.
Median vs prior 90 days+0.6%Compared with May 12 – Aug 10, 2026: prices up.
Based on 9,125 sales from Aug 10 – Nov 8, 2026 (7,196 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 #456 listed for?
121 Lower Sherbourne St #456 is listed at $488,888 (MLS® C13800368). Summitly updates the price as soon as the MLS® record changes.
Is $488,888 a good price for 121 Lower Sherbourne St #456?
Summitly rates it Above Market: the asking price is 5% to 15% 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 #456 changed?
No — 121 Lower Sherbourne St #456 is still listed at its original asking price of $488,888.
How many bedrooms and bathrooms does 121 Lower Sherbourne St #456 have?
121 Lower Sherbourne St #456 has 1 bedroom and 1 bathroom, with about 500–599 square feet of living space. It is a condo in Toronto.
Is 121 Lower Sherbourne St #456 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 #456?
About $2,402 a month — principal and interest on $488,888 with 20% down ($97,778), 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 #456 compare with other homes in Toronto?
Its asking price of $488,888 is about 42% below the median sold price in Toronto over the last 90 days, $844,900, across 9,125 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 #456 been sold before?
Yes — Summitly has 1 earlier MLS® listing of 121 Lower Sherbourne St #456 on record. Their prices and dates are shown to signed-in members under TRREB rules: sign in free to see them in the Listing history above.
Where is 121 Lower Sherbourne St #456?
121 Lower Sherbourne St #456 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 121 Lower Sherbourne St #456 been on the market?
52 days — 121 Lower Sherbourne St #456 was listed on September 17, 2026.
What is the price per square foot of 121 Lower Sherbourne St #456?
About $816 to $978 per square foot: the asking price of $488,888 over the 500–599 sq ft the listing gives as its size range.
Does 121 Lower Sherbourne St #456 have parking or a garage?
Yes — the listing gives 1 parking space. Garage: Yes.
