$499,999

For sale

#2805 390 Cherry Street, Toronto (Waterfront Communities) - Single Family for Sale

#2805 390 Cherry Street, Toronto (Waterfront Communities), Ontario, M5A0E2

2 beds1 bath1 parking550 ft²$676/mo condo feeListed 36 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $499,999, it is attractively priced about 21% below the $629,900 median asking price in Toronto. It has been on the market 36 days, fresher than the Toronto average of 57 days.

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Description

Welcome to this beautifully appointed 1 + den suite at The Gooderham, ideally located at 390 Cherry Street in Toronto's iconic Distillery District. This east-facing residence captures serene morning light and offers a calming lake view backdrop, bringing a rare sense of openness to downtown living. Complete with one parking space and an EV charging add-on available, it's urban convenience without compromise. Inside, the thoughtfully designed layout maximizes every square foot. The functional den works beautifully as a home office, study space, while the semi-ensuite bathroom provides practical, seamless access. Modern touches throughout create a clean, contemporary feel, complemented by an upgraded premium stacked laundry set. Residents enjoy access to high-end amenities, including an outdoor pool and a fully equipped indoor gym, supporting an active and balanced lifestyle. With George Brown College just minutes away, the location adds flexibility and appeal for endusers and investors alike. Surrounded by historic architecture, boutique cafes, acclaimed restaurants, and waterfront trails, this is a stylish opportunity to own in one of Toronto's most vibrant and walkable communities. (id:66096)

Property Details

MLS®: C13849788
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 1
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Electric
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Waterfront: Yes
Condo Fee: $676/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Insurance
Ownership: Condo/Strata
Property Tax: $2,820.28/yr

Rooms

Main level

Living room: 1.68 x 3.65 meters
Dining room: 5.01 x 3.65 meters
Kitchen: 5.01 x 3.65 meters
Primary Bedroom: 3.05 x 2.86 meters
Den: 1.68 x 1.03 meters

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

Features

Appliances: Washer, Dryer, Furniture, Window Coverings
Flooring: Laminate
Exterior: Brick
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

36d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$910

List price

$500K

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 (Waterfront Communities) has been listed for 36 days, which is 21 days fresher than the city average of 57. Act while there is still low competition.

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Listed by ROYAL LEPAGE SIGNATURE REALTY · STEVE NGUYEN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5A)

This home lists at $499,999, about 7.0× the local median household income of $71,000.

Carrying it typically needs a household income of about $97,667 (20% down, 25-yr amortization, stress-tested) — roughly 38% 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)

$499,999· $910/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,999.95

Min 5%50%

Mortgage payment$2,633/mo

↳ CMHC premium ($19,000 capitalized)

Property tax (est.)$235/mo

Condo fee$676/mo

Total monthly$3,544

Cash Needed to Close

Down payment (5%)$25,000

Land transfer tax$12,950

Est. closing costs$4,000

Total cash needed$41,950

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