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Zara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
Parking Space in Toronto
Unit B70 at 500 Sherbourne Street
Rare opportunity to purchase an underground parking space at 500 Sherbourne St.Located on Level B (P2), Spot #70. Buyer must be an owner within thecondominium or provide proof of purchase in the building. Ideal for ownerslooking to add convenience, increase property value, or secure additionalparking. Parking in the building may rent for approximately $150-$200 per
Toronto parking priced at $50,000 — book a tour to see if it fits your search.
Inside 500 Sherbourne St #B70
Every detail from the listing, in one place.
Type
Parking
Living space
0-499 sq ftas stated on the listing
Parking
1 spaceYes garage
Features & systems
Parking & garage
Garage
Yes
Parking spaces
1
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Parking Space
500 Sherbourne St #B70 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® C12884018$50,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 500 Sherbourne St #B70 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
$•,•••,•••
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
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
$246
/mo
based on the purchase price of $50,000
$10,000 cash
$40,000 financed
$33,690 total interest
Principal54%$40,000
Interest46%$33,690
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
Own a home on Sherbourne Street? See what yours is worth
Get an instant estimate for your own home, based on recent sales around you. A free account shows the number and emails you the full report.
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Book a tour of 500 Sherbourne St #B70 with a licensed buyer's agent
Your agent is usually paid from the seller's side. We'll confirm the co-operating commission on this listing before you sign anything.
Zara, any time
Zara · AI virtual agent
Ask about 500 Sherbourne St #B70 day or night. Zara reads this listing and answers in plain words. When you want a person, she hands you to a licensed agent.
A licensed local agent
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.
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 listings11,949Homes 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
7 for sale · 5 for rent at 500 Sherbourne St — plus its sale and lease history.
500 Sherbourne St #B70 is listed at $50,000 (MLS® C12884018). Summitly updates the price as soon as the MLS® record changes.
Has the price of 500 Sherbourne St #B70 changed?
No — 500 Sherbourne St #B70 is still listed at its original asking price of $50,000.
How many bedrooms and bathrooms does 500 Sherbourne St #B70 have?
500 Sherbourne St #B70 has about 0–499 square feet of living space. The listing doesn't publish a bedroom or bathroom count. It is a parking space in Toronto.
Is 500 Sherbourne St #B70 close to transit?
The nearest rapid-transit station is Sherbourne Station (Line 2), about 480 m (about a 6-minute walk) in a straight line. Wellesley Station is about 720 m (about a 9-minute walk), and Castle Frank Station is about 810 m (about a 10-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 500 Sherbourne St #B70?
About $246 a month — principal and interest on $50,000 with 20% down ($10,000), 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 500 Sherbourne St #B70 compare with other homes in Toronto?
Its asking price of $50,000 is about 94% 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 500 Sherbourne St #B70 been sold before?
Summitly has no earlier MLS® sale or lease of 500 Sherbourne St #B70 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 500 Sherbourne St #B70?
500 Sherbourne St #B70 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 500 Sherbourne St #B70 been on the market?
239 days — 500 Sherbourne St #B70 was listed on March 14, 2026.
What is the price per square foot of 500 Sherbourne St #B70?
About $100 per square foot: the asking price of $50,000 over the 0–499 sq ft the listing gives.
Does 500 Sherbourne St #B70 have parking or a garage?
Yes — the listing gives 1 parking space. Garage: Yes.
What is the land transfer tax on 500 Sherbourne St #B70?
About $500 at the asking price of $50,000: $250 Ontario land transfer tax plus $250 Toronto municipal land transfer tax. First-time buyers can get up to $4,000 back from Ontario and up to $4,475 from Toronto. Legal fees and other closing costs are extra.
