$488,000

For sale

#1243 135 Lower Sherbourne Street, Toronto (Moss Park) - Single Family for Sale

#1243 135 Lower Sherbourne Street, Toronto (Moss Park), Ontario, M5A1Y4

2 beds2 baths0 parking550 ft²$524/mo condo feeListed 24 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $488,000, it is attractively priced about 15% below the $574,900 median asking price in Toronto. It has been on the market 24 days, fresher than the Toronto average of 62 days.

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Description

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. (id:66096)

Property Details

MLS®: C14020014
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 2
Parking: 0
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Pool: Yes
Condo Fee: $524/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance
Ownership: Condo/Strata
Property Tax: $2,750.5/yr
Listed: 24 days ago

Rooms

Flat

Primary Bedroom
Den
Kitchen
Living room
Dining room

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Window Coverings
Flooring: Laminate
Exterior: Concrete, Brick
Lot Features: Elevator, Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

24d

Toronto (Moss Park) listings, avg age

62d

Price / ft²

$888

List price

$488K

Homes here sell faster than most markets

Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 2-bed single family in Toronto (Moss Park) has been listed for 24 days, which is 38 days fresher than the city average of 62. Act while there is still low competition.

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Listed by CENTURY 21 LEADING EDGE REALTY INC. · LOUIE LUK

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5A)

This home lists at $488,000, about 6.9× the local median household income of $71,000.

Carrying it typically needs a household income of about $95,323 (20% down, 25-yr amortization, stress-tested) — roughly 34% above the area median.

Median household income: $71,000
Population: 48,978
Median age: 36.4
Owner / renter: 35% / 65%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA M5A)

$488,000· $888/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,400

Min 5%50%

Mortgage payment$2,570/mo

↳ CMHC premium ($18,544 capitalized)

Property tax (est.)$229/mo

Condo fee$524/mo

Total monthly$3,323

Cash Needed to Close

Down payment (5%)$24,400

Land transfer tax$12,470

Est. closing costs$3,964

Total cash needed$40,834

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