390 Cherry St #302 is a 1-bedroom, 1-bathroom condo in Toronto, listed for $498,000. It has 500-599 sq ft of living space.
1This bright, open-concept 1+1 bedroom suite features floor-to-ceiling windows, engineered hardwood flooring throughout, and a fantastic Distillery District view.
2Parking and locker included.
3Lawrence Market, waterfront trails and Cherry Beach, with transit, bike lanes, and quick access to the DVP and Gardiner Expressway.
Live in the heart of Toronto's iconic Historic Distillery District at The Gooderham. This bright, open-concept 1+1 bedroom suite features floor-to-ceiling windows, engineered hardwood flooring throughout, and a fantastic Distillery District view. The functional layout offers seamless living and entertaining, a versatile den ideal for a home office, and convenient in-suite laundry. Parking and locker included. Step outside to charming cobblestone streets lined with cafés, boutiques, galleries, theatres, restaurants and year-round cultural events. Walk to St. Lawrence Market, waterfront trails and Cherry Beach, with transit, bike lanes, and quick access to the DVP and Gardiner Expressway. Residents enjoy an excellent selection of amenities, including concierge, exercise room, media room, outdoor pool, party and recreation spaces, and sauna. Experience vibrant downtown living in one of Toronto's most distinctive neighbourhoods. Investor-friendly opportunity, currently tenanted at $2,370/month, with the tenant willing to stay if preferred.
1 bedroom, 1 bathroom, about 500 sq ft, works out to roughly $996 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 390 Cherry St #302
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
390 Cherry St #302 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
$2,447
/mo
based on the purchase price of $498,000
$99,600 cash
$398,400 financed
$335,557 total interest
Principal54%$398,400
Interest46%$335,557
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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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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Similar homes for sale nearby in Toronto
Other 1–2 bed homes for sale in Toronto around $498K.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5167.7%On average, homes sold at or above asking.
Active listings11,708Homes for sale here right now.
Median vs prior 90 days−0.6%Compared with May 18 – Aug 16, 2026: prices down.
Based on 9,173 sales from Aug 16 – Nov 14, 2026 (7,214 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 · 2 for rent at 390 Cherry St — plus its sale and lease history.
390 Cherry St #302 is listed at $498,000 (MLS® C14181090). Summitly updates the price as soon as the MLS® record changes.
Is $498,000 a good price for 390 Cherry St #302?
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 390 Cherry St #302 changed?
No — 390 Cherry St #302 is still listed at its original asking price of $498,000.
How many bedrooms and bathrooms does 390 Cherry St #302 have?
390 Cherry St #302 has 1 bedroom and 1 bathroom, with about 500–599 square feet of living space. It is a condo in Toronto.
How much would the monthly mortgage be on 390 Cherry St #302?
About $2,447 a month — principal and interest on $498,000 with 20% down ($99,600), 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 390 Cherry St #302 compare with other homes in Toronto?
Its asking price of $498,000 is about 41% below the median sold price in Toronto over the last 90 days, $840,000, across 9,173 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 390 Cherry St #302 been sold before?
Yes — Summitly has 1 earlier MLS® listing of 390 Cherry St #302 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 390 Cherry St #302?
390 Cherry St #302 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 390 Cherry St #302 been on the market?
5 days — 390 Cherry St #302 was listed on November 9, 2026.
What is the price per square foot of 390 Cherry St #302?
About $831 to $996 per square foot: the asking price of $498,000 over the 500–599 sq ft the listing gives as its size range.
Does 390 Cherry St #302 have parking or a garage?
Yes — the listing gives 1 parking space. Garage: Yes.
Does 390 Cherry St #302 have a basement, and is it finished?
The listing says 390 Cherry St #302 has no basement.
