500 Sherbourne St #1311, Toronto

Name: 500 Sherbourne Street, Unit 1311
SKU: C14123710
Price: 589900 CAD
Availability: InStock

1 Bed, 1 Bath Condo in Toronto

Unit 1311 at 500 Sherbourne Street

This bright and stylish condo features a smart open-concept layout, is freshly painted and upgraded with thoughtful details throughout. Since purchase, the unit has been enhanced with all-new stainless steel appliances (2021), custom built-in organizers in every closet, and stylish European light fixtures that elevate the space. The functional floor plan offers a spacious kitchen with an island & breakfast bar, a versatile den or second bedroom/home office, generous & optimized storage spaces, and a large private balcony with open city views. The building itself is renowned for exceptional management and amenities including 24-hourconcierge, rooftop terrace with BBQs, gym, yoga room, sauna, theatre, games and party rooms, guest suites, visitor parking, and EV charging stations. Perfectly situated at Sherbourne and Wellesley, you're just steps to two subway lines, Bloor Street, Yorkville, U of T, groceries, cafes, Church Street, Rosedale, Cabbagetown, and nearby parks - making this an ideal home for both convenience and lifestyle. A rare opportunity to own in a sought-after, well-managed building in the heart of the city!

1 bedroom, 1 bathroom, about 600 sq ft, works out to roughly $983 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 500 Sherbourne St #1311

Every detail from the listing, in one place.

Type: Condo
Style: Apartment
Living space: 600-699 sq ftas stated on the listing
Basement: None

Features & systems

Parking & garage

Garage: Yes
Parking spaces: 0

Interior

Basement: None

Lot & land

Lot size (sqft): 0

Listing & possession

Property style: Apartment
Property class: Condo Apartment

500 Sherbourne St #1311 Price & Sale History

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

Oct 28, 2026For saleListedThis listingMLS® C14123710$589,900
LeasedPreviously listedMLS® C12676864View listing (opens in a new tab)

See what it sold for, free. Board rules need a free account before we can show sold and past prices.

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

What's it worth?

How 500 Sherbourne St #1311 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 16,089 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: $840,000
Average sold price: $1,080,846
Average days on market: 31
Homes sold: 9,504

Closed sales on the TRREB MLS®.

Full Toronto market report

Market pulse · Toronto

Toronto market

Median sold price$840,000Last 90 days
Average days on market31Homes sold in about 31 days on average.
Sale-to-list ratio4991.3%On average, homes sold at or above asking.
Active listings12,454Homes for sale here right now.
Median vs prior 90 days0.0%Compared with May 1 – Jul 30, 2026.

Based on 9,504 sales from Jul 30 – Oct 28, 2026 (6,943 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 1311 — 500 Sherbourne Street 1 bd · 1 ba · 600 sqft	$589,900asking	$983	—	—
195 McCaul Street 1 bd · 1 ba · 600 sqft
725 King Street 1 bd · 1 ba · 600 sqft
500 Wilson Avenue 2 bd · 2 ba · 500 sqft
28 Empress Avenue 2 bd · 2 ba · 1,000 sqft
1801 O'Connor Drive 2 bd · 1 ba · 700 sqft
30 Nelson Street 1 bd · 1 ba

195 McCaul Street
1 bd · 1 ba · 600 sqft
725 King Street
1 bd · 1 ba · 600 sqft
500 Wilson Avenue
2 bd · 2 ba · 500 sqft
28 Empress Avenue
2 bd · 2 ba · 1,000 sqft
1801 O'Connor Drive
2 bd · 1 ba · 700 sqft
30 Nelson Street
1 bd · 1 ba

More in this building

6 for sale · 6 for rent at 500 Sherbourne St — plus its sale and lease history.

See all of 500 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

Sherbourne StationLine 2480 m6 min walk
Wellesley StationLine 1720 m9 min walk
Castle Frank StationLine 2810 m10 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

Sherbourne Station (Line 2)6 min walk
Wellesley Station (Line 1)9 min walk
Castle Frank Station (Line 2)10 min walk

Nearest subway, GO and LRT stations first, then bus and streetcar stops.

Sherbourne Station
480 m6 minClosest· Line 2
Homes near Sherbourne Station
Wellesley Station
720 m9 min· Line 1
Homes near Wellesley Station
Castle Frank Station
810 m10 min· Line 2
Homes near Castle Frank 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 500 Sherbourne St #1311. Typical times without traffic delays; transit times aren't available yet.

Costs, Mortgage & Rental Return for 500 Sherbourne St #1311

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

Mortgage: $2,898; 20% down · 25 years · 5.5% assumed
Property tax: $324; 0.66% mill rate · ON
Total per month: $3,222; 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

$2,898

/mo

based on the purchase price of $589,900

Down payment20%

$117,980 cash

Amortization25 yr

$471,920 financed

Rate5.50%

$397,481 total interest

Principal54%$471,920

Interest46%$397,481

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 500 Sherbourne St #1311 with a licensed buyer's agent

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Questions About 500 Sherbourne St #1311

How much is 500 Sherbourne St #1311 listed for?

500 Sherbourne St #1311 is listed at $589,900 (MLS® C14123710). Summitly updates the price as soon as the MLS® record changes.

Is $589,900 a good price for 500 Sherbourne St #1311?

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 500 Sherbourne St #1311 changed?

No — 500 Sherbourne St #1311 is still listed at its original asking price of $589,900.

How many bedrooms and bathrooms does 500 Sherbourne St #1311 have?

500 Sherbourne St #1311 has 1 bedroom and 1 bathroom, with about 600–699 square feet of living space. It is a condo in Toronto.

Is 500 Sherbourne St #1311 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 #1311?

About $2,898 a month — principal and interest on $589,900 with 20% down ($117,980), 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 #1311 compare with other homes in Toronto?

Its asking price of $589,900 is about 30% below the median sold price in Toronto over the last 90 days, $840,000, across 9,504 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 #1311 been sold before?

Yes — Summitly has 1 earlier MLS® listing of 500 Sherbourne St #1311 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 500 Sherbourne St #1311?

500 Sherbourne St #1311 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.

How long has 500 Sherbourne St #1311 been on the market?

500 Sherbourne St #1311 was listed today (October 28, 2026).

What is the price per square foot of 500 Sherbourne St #1311?

About $844 to $983 per square foot: the asking price of $589,900 over the 600–699 sq ft the listing gives as its size range.

Does 500 Sherbourne St #1311 have parking or a garage?

Garage: Yes.

What you should know