135 Lower Sherbourne St #1243, Toronto

Name: 135 Lower Sherbourne Street, Unit 1243
SKU: C14020014
Price: 488000 CAD
Availability: InStock

1 Bed, 2 Bath Condo in Toronto

Unit 1243 at 135 Lower Sherbourne Street

Time & Space by Pemberton - a modern urban residence in one of downtown Toronto's most vibrant and sought-after communities. This bright and spacious one bedroom plus den (potential 2nd bedroom) with 2 full baths over 572 sqft features 9-foot smooth ceilings, laminate flooring throughout, and a thoughtfully designed open-concept layout that maximizes every square foot with no wasted space. The well-appointed kitchen is equipped with sleek built-in appliances, granite countertops, and ample cabinetry, seamlessly flowing into the dedicated living area. The living room extends to a private balcony, offering the perfect spot to relax and enjoy the city atmosphere. The generously sized primary bedroom includes a large window for abundant natural light and ample closet space. A versatile enclosed den with a full door provides the flexibility to function as a second bedroom, nursery, or home office. Perfectly situated in the heart of the city, you're just steps to St. Lawrence Market (including the highly anticipated Phase 2 redevelopment), No Frills, boutique shops, cafes, restaurants, and the historic Distillery District. Convenient access to the downtown core, TTC, and the DVP makes commuting effortless. Property is virtually staged.

1 bedroom, 2 bathrooms, about 500 sq ft, works out to roughly $976 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 135 Lower Sherbourne St #1243

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

Parking spaces: 0

Interior

Basement: None

Lot & land

Lot size (sqft): 0

Listing & possession

Property style: Apartment
Property class: Condo Apartment

135 Lower Sherbourne St #1243 Price & Sale History

Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.

Oct 13, 2026For saleListedThis listingMLS® C14020014$488,000

Sourced from MLS®. Includes earlier listings of this property on record.

What's it worth?

How 135 Lower Sherbourne St #1243 Compares to the Toronto Market

Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.

Zara’s estimate

Above Market· based on 15,789 recent sales

Value your own home →How accurate are Zara’s estimates?

Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works

Toronto market, last 90 days

Median sold price: $848,250
Average sold price: $1,080,860
Average days on market: 31
Homes sold: 9,686

Closed sales on the TRREB MLS®.

Full Toronto market report

Market pulse · Toronto

Toronto market

Median sold price$848,250Last 90 days
Average days on market31Homes sold in about 31 days on average.
Sale-to-list ratio4899.6%On average, homes sold at or above asking.
Active listings12,343Homes for sale here right now.
Median vs prior 90 days+2.8%Compared with Apr 16 – Jul 15, 2026: prices up.

Based on 9,686 sales from Jul 15 – Oct 13, 2026 (6,629 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.

Recently sold nearby in Toronto

Sold prices are shown free to signed-in members, as board rules require.

6 nearby sales vs. this home

Closed sales from MLS®, compared with this home's asking price.

See what these homes actually sold for

Free with a Summitly account. Sign in once and sold prices unlock across the site.

Home	Sold price	$ / sqft	% of asking	Sold
This homeUnit 1243 — 135 Lower Sherbourne Street 1 bd · 2 ba · 500 sqft	$488,000asking	$976	—	—
155 Merchants' Wharf N/A 2 bd · 2 ba · 1,600 sqft
80 John Street 2 bd · 2 ba · 1,000 sqft
135 East Liberty Street 3 bd · 2 ba · 800 sqft
342 Spadina Road 3 bd · 2 ba · 2,500 sqft
188 Redpath Avenue 2 bd · 1 ba · 700 sqft
68 Abell Street 2 bd · 2 ba · 600 sqft

155 Merchants' Wharf N/A
2 bd · 2 ba · 1,600 sqft
80 John Street
2 bd · 2 ba · 1,000 sqft
135 East Liberty Street
3 bd · 2 ba · 800 sqft
342 Spadina Road
3 bd · 2 ba · 2,500 sqft
188 Redpath Avenue
2 bd · 1 ba · 700 sqft
68 Abell Street
2 bd · 2 ba · 600 sqft

More in this building

7 for sale · 3 for rent at 135 Lower Sherbourne St — plus its sale and lease history.

See all of 135 Lower Sherbourne St

Living in Toronto: Location & Amenities

Transit, schools, parks and everyday places near this home. Select any place to open it on Google Maps.

Transit nearby

Stations and stops, straight-line distance

King StationLine 1840 m10 min walk
Queen StationLine 11.0 km13 min walk
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

Places from OpenStreetMap (© OpenStreetMap contributors) and Summitly's station list. Distances are straight-line, not routes.

Loading schools, parks, groceries and more nearby…

Transit

King Station (Line 1)10 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.

King Station
840 m10 minClosest· Line 1
Homes near King Station
Queen Station
1.0 km13 min· Line 1
Homes near Queen Station
Union Station
1.2 km15 min· Line 1, Barrie GO, Kitchener GO, Lakeshore East GO, Lakeshore West GO, Milton GO, Richmond Hill GO, Stouffville GO, UP Express
Homes near Union Station

Straight-line distances from the listing; walking times assume about 80 m a minute. Places © OpenStreetMap contributors, a community-maintained map that may miss or misplace some places. Directions and place details open on Google Maps.

How long is your commute?

From 135 Lower Sherbourne St #1243. Typical times without traffic delays; transit times aren't available yet.

Costs, Mortgage & Rental Return for 135 Lower Sherbourne St #1243

What it could cost each month, today's rates from our mortgage partner, and what it could return as a rental.

Mortgage: $2,397; 20% down · 25 years · 5.5% assumed
Property tax: $268; 0.66% mill rate · ON
Total per month: $2,665; Before utilities, insurance and fees

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

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Monthly cost

Enter a rate to see the monthly cost

Down payment

Rate (%)

Years

An estimate, not a quote. Utilities and insurance are extra.

Affordability calculator

Estimated monthly payment

$2,397

/mo

based on the purchase price of $488,000

Down payment20%

$97,600 cash

Amortization25 yr

$390,400 financed

Rate5.50%

$328,819 total interest

Principal54%$390,400

Interest46%$328,819

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.

Book a tour of 135 Lower Sherbourne St #1243 with a licensed buyer's agent

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Questions About 135 Lower Sherbourne St #1243

How much is 135 Lower Sherbourne St #1243 listed for?

135 Lower Sherbourne St #1243 is listed at $488,000 (MLS® C14020014). Summitly updates the price as soon as the MLS® record changes.

Is $488,000 a good price for 135 Lower Sherbourne St #1243?

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 135 Lower Sherbourne St #1243 changed?

No — 135 Lower Sherbourne St #1243 is still listed at its original asking price of $488,000.

How many bedrooms and bathrooms does 135 Lower Sherbourne St #1243 have?

135 Lower Sherbourne St #1243 has 1 bedroom and 2 bathrooms, with about 500–599 square feet of living space. It is a condo in Toronto.

Is 135 Lower Sherbourne St #1243 close to transit?

The nearest rapid-transit station is King Station (Line 1), about 840 m (about a 10-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 135 Lower Sherbourne St #1243?

About $2,397 a month — principal and interest on $488,000 with 20% down ($97,600), 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 135 Lower Sherbourne St #1243 compare with other homes in Toronto?

Its asking price of $488,000 is about 42% below the median sold price in Toronto over the last 90 days, $848,250, across 9,686 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 135 Lower Sherbourne St #1243 been sold before?

Summitly has no earlier MLS® sale or lease of 135 Lower Sherbourne St #1243 on record from the last two years. Older records aren't shown under TRREB rules.

Where is 135 Lower Sherbourne St #1243?

135 Lower Sherbourne St #1243 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.

How long has 135 Lower Sherbourne St #1243 been on the market?

135 Lower Sherbourne St #1243 was listed today (October 13, 2026).

What is the price per square foot of 135 Lower Sherbourne St #1243?

About $815 to $976 per square foot: the asking price of $488,000 over the 500–599 sq ft the listing gives as its size range.

Does 135 Lower Sherbourne St #1243 have a basement, and is it finished?

The listing says 135 Lower Sherbourne St #1243 has no basement.

135 Lower Sherbourne St #1243, Toronto

What you should know