Time & Space by Pemberton - a modern urban residence in one of downtown Toronto's most vibrant and sought-after communities. This bright and thoughtfully designed one-bedroom plus den of functional living space, den can be used as 2nd bedroom or a home office. One full bathroom, 9-foot smooth ceilings, upgraded water proofing laminate flooring throughout, and a clear southwest view of the CN Tower with abundant natural light. The open-concept layout maximizes every square foot with no wasted space. The contemporary kitchen features sleek built-in appliances, granite countertops, and ample cabinetry, seamlessly connecting to the living and dining area. The living room opens onto a private balcony, providing the perfect place to relax and enjoy the unobstructed southwest city view. The generously sized primary bedroom features a large window and ample closet space. Ideally located in the heart of downtown, just steps from St. Lawrence Market, No Frills, boutique shops, cafes, restaurants, and the historic Distillery District. Convenient access to the TTC, downtown core, and DVP makes commuting effortless. Property has been virtually staged.
1 bedroom, 1 bathroom, about 500 sq ft, works out to roughly $960 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 #565
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 #565 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® C14108218$479,990
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 135 Lower Sherbourne St #565 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
$2,358
/mo
based on the purchase price of $479,990
$95,998 cash
$383,992 financed
$323,422 total interest
Principal54%$383,992
Interest46%$323,422
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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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 $480K.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5097.1%On average, homes sold at or above asking.
Active listings12,592Homes for sale here right now.
Median vs prior 90 days+1.2%Compared with Apr 25 – Jul 24, 2026: prices up.
Based on 9,303 sales from Jul 24 – Oct 22, 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
8 for sale · 4 for rent at 135 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)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.
How much is 135 Lower Sherbourne St #565 listed for?
135 Lower Sherbourne St #565 is listed at $479,990 (MLS® C14108218). Summitly updates the price as soon as the MLS® record changes.
Is $479,990 a good price for 135 Lower Sherbourne St #565?
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 #565 changed?
No — 135 Lower Sherbourne St #565 is still listed at its original asking price of $479,990.
How many bedrooms and bathrooms does 135 Lower Sherbourne St #565 have?
135 Lower Sherbourne St #565 has 1 bedroom and 1 bathroom, with about 500–599 square feet of living space. It is a condo in Toronto.
Is 135 Lower Sherbourne St #565 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 #565?
About $2,358 a month — principal and interest on $479,990 with 20% down ($95,998), 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 #565 compare with other homes in Toronto?
Its asking price of $479,990 is about 43% below the median sold price in Toronto over the last 90 days, $845,000, across 9,303 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 #565 been sold before?
Summitly has no earlier MLS® sale or lease of 135 Lower Sherbourne St #565 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 135 Lower Sherbourne St #565?
135 Lower Sherbourne St #565 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 135 Lower Sherbourne St #565 been on the market?
135 Lower Sherbourne St #565 was listed today (October 22, 2026).
What is the price per square foot of 135 Lower Sherbourne St #565?
About $801 to $960 per square foot: the asking price of $479,990 over the 500–599 sq ft the listing gives as its size range.
Does 135 Lower Sherbourne St #565 have a basement, and is it finished?
The listing says 135 Lower Sherbourne St #565 has no basement.
