2805-390 Cherry St
Waterfront Communities C8, Toronto, Ontario M5A 0E2
- Bedrooms
- 1+1
- Bathrooms
- 1
- Size
- 500–599sq ft
- Per sq ft
- $910at the range’s middle
- Tax a year
- $2,8202025 tax year
- Built
- 11-15
- Parking
- 11 underground
- Days on market
- Members
The brief
About 2805-390 Cherry St
2805-390 Cherry St is a 1+1-bedroom, 1-bathroom condo in Waterfront Communities C8, Toronto, listed for sale at an asking price of $499,999 (MLS® C13849788).
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.
Insights
Condition Score
Good71/1001 documented update signal
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Near break-even51/100−$293/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 83 condos with 2 bedrooms for lease in Waterfront Communities C8 right now. Cost of owning counts the mortgage, property tax and the condo fee.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $2,820 / 2025
- MLS® number
- C13849788
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Building Age
- 11-15
- Days on market
- Size
- 500-599 sqft
- Listed on
- Parking
- 1 Underground, 1 Parking
Property details
Property
- Property Type
- Condo Apt
- Style
- Apartment
- Community
- Waterfront Communities C8
- Municipality
- Toronto
Building
- Size
- 500-599 sqft
- Building Age
- 11-15
- Construction
- Brick
Inside
- Bedrooms
- 1+1
- Bathrooms
- 1
- Bathroom Details
- 1 × 4pc Main
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- Underground
- Garage
- 1
- Additional Parking
- 0
- Total Parking
- 1
Utilities
- Cooling
- Central Air
- Heating Type
- Forced Air
Additional
- Fireplace
- No
- Den
- No
- Family room
- No
- Extras
- All ELFs, Window Coverings, SS Appliances, Washer & Dryer. (Addition of furniture pieces may be considered)
- Condo maint.
- $676
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 3.65 × 1.68 m | East View, W/O To Balcony, Open Concept | Main |
| Dining | 3.65 × 5.01 m | Combined W/Kitchen, Open Concept, East View | Main |
| Kitchen | 3.65 × 5.01 m | Modern Kitchen, Quartz Counter, Laminate | Main |
| Primary | 2.86 × 3.05 m | Semi Ensuite, Closet Organizers, Laminate | Main |
| Den | 1.03 × 1.68 m | Laminate | Main |
Listing history
Buy/sell history for 2805-390 Cherry St, Toronto, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $499,999 | N/A | For Sale | C13849788 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $100,000
- Total mortgage amount
- $399,999
- Total interest payment
- $284,601
- Total purchase cost
- $784,600
- Mortgage payment
- $2,282/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
30%Monthly carrying cost
$3,193- Rent $2,900
- Shortfall $293
Rental income opens at $2,900, the median asking rent of 83 comparable homes for lease in Waterfront Communities C8. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $6,475
- Toronto municipal land transfer tax
- $6,475
- Total land transfer tax
- $12,950
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $4,475
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $499,999
- $2,000
- Ontario total
- $6,475
Toronto’s municipal tax uses the same brackets at this price, so it adds another $6,475.
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Yossi Kaplan, MBA, Salesperson for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Heritage and ravine protection
- Not found on the Heritage Register
- Not in a mapped Heritage Conservation District
- Not in the mapped ravine protection area
What this means: None of these City records was found at this address. That does not rule out other approvals, such as a conservation authority permit, so check before you plan work.
City of Toronto Heritage Register, Heritage Conservation Districts and the Ravine and Natural Feature Protection by-law, read at this address from the City’s maps. Contains information licensed under the Open Government Licence – Toronto.
Zoning
Zone
CR SS2 (x344)By-law
569-2013Municipality
Toronto1 x344
Site-specific exception 344: this site has rules of its own, written in the by-law.
2 SS2
Standards set 2: the setback, height and coverage rules the by-law applies to this zone.
3 Where this is written
Chapter 40, section 40.10 of By-law 569-2013 · Exception 900.11.10(344)
4 What that means in practice
These are the zone’s rules, not permission for this lot. What can be built also depends on the exceptions, overlays and setbacks that apply here. Confirm with the City before you plan.
City of Toronto Zoning By-law 569-2013, read at this address from the City’s zoning map. Open the City’s zoning map. Contains information licensed under the Open Government Licence – Toronto.
Permit history
23 building permits cleared at this address in the City’s file.
Building Permit Related(MS)Permit Issued
HVAC - Washroom relocation and accessibility upgrades to provide barrier free washroom to 45 Tankhouse Lane suite. Proposed work to be done in conjunction with 43 Tankhouse Lane project (Building Permit Application No: 22 240364 BLD 00 BA).
Issued July 19, 2023
Building Permit Related(PS)Permit Issued
Plumbing - Washroom relocation and accessibility upgrades to provide barrier free washroom to 45 Tankhouse Lane suite. Proposed work to be done in conjunction with 43 Tankhouse Lane project (Building Permit Application No: 22 240364 BLD 00 BA).
Issued June 20, 2023
Interior AlterationsClosed
This project would include the change of use from Mercantile to Assembly A2, with max occupancy of 100. The work would include accommodating a new micro-brewery and tap room, washrooms, south bi-fold door, and mech/elec to suit the program needs.
Issued June 19, 2023
Building Permit Related(PS)Closed
Plumbing - This project would include the change of use from Mercantile to Assembly A2, with max occupancy of 100. The work would include accommodating a new micro-brewery and tap room, washrooms, south bi-fold door, and mech/elec to suit the program needs.
Issued June 19, 2023
Interior AlterationsWork Not Started
Washroom relocation and accessibility upgrades to provide barrier free washroom to 45 Tankhouse Lane suite. Proposed work to be done in conjunction with 43 Tankhouse Lane project (Building Permit Application No: 22 240364 BLD 00 BA).
Issued June 19, 2023
Building Permit Related(MS)Closed
HVAC - This project would include the change of use from Mercantile to Assembly A2, with max occupancy of 100. The work would include accommodating a new micro-brewery and tap room, washrooms, south bi-fold door, and mech/elec to suit the program needs.
Issued June 19, 2023
Interior AlterationsClosed
REV01: changes to occupancy load
Issued August 16, 2021
Interior AlterationsInspection
Interior alterations to unit 209 to remove non-structural partion wall at stairs to second floor and installation of guard rail at existing stairs
Issued April 6, 2021
City of Toronto Open Data — cleared building permits, which begin in 2017. Contains information licensed under the Open Government Licence – Toronto.
Signals around this home
Changing nearby. 6 open development applications within 800 m of this home.
125R MILL STSite planUnder Review
A Site Plan application to facilitate the development of the site for 45-storey and 32-storey mixed-use towers atop a 6-storey podium. A total of 23,670square metres of non-residential gross floor area, and 53,099 square metres of residential gross floor area with 653 residential dwelling units are proposed. Zoning was approved via MZO O. Reg. 594/20 on October 22, 2020.
30 m away370 CHERRY STSite planUnder Review
Proposal for a 50 storey (165.7 m) mixed-use building comprised of 590 residential dwelling units (38,338 m²) and 29000 m² of non-residential gross floor area. A total of 687 parking spaces will be provided on the lot in a below grade parking garage.
60 m away370 CHERRY STPlan of subdivisionUnder Review
Draft Plan of Subdivison for 1 block.
60 m away370 R CHERRY STPlan of subdivisionUnder Review
Draft Plan of Subdivison for 1 block.
190 m away370 R CHERRY STSite planUnder Review
Proposal for a 50 storey (165.7 m) mixed-use building comprised of 590 residential dwelling units (38,338 m²) and 29000 m² of non-residential gross floor area. A total of 687 parking spaces will be provided on the lot in a below grade parking garage.
190 m away31 R PARLIAMENT STSite planUnder Review
Proposal for a 50 storey (165.7 m) mixed-use building comprised of 590 residential dwelling units (38,338 m²) and 29000 m² of non-residential gross floor area. A total of 687 parking spaces will be provided on the lot in a below grade parking garage.
290 m away
City of Toronto Open Data — Development Applications and Building Permits (cleared permits since 2017). An application is a proposal: it may change, be refused or never be built. Contains information licensed under the Open Government Licence – Toronto.
The market
Condos for sale in Waterfront Communities C8 right now
- For sale now
- 190
- Median asking price
- $587K
- New in 7 days
- 24
- Price cuts
- 20%
Middle half: $500K to $800K
77 in 28 days
38 listings
This home is asking 15% below the median.
See all homes in Waterfront Communities C8Asking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| King Station | TTC subway: Line 1 Yonge-University | 1.7 km |
| Queen Station | TTC subway: Line 1 Yonge-University | 1.8 km |
| Union Station | TTC subway: Line 1 Yonge-UniversityGO Transit train: Barrie, Kitchener, Lakeshore East, Lakeshore West, Milton, Richmond Hill, StouffvilleUP Express train | 1.9 km |
| TMU Station | TTC subway: Line 1 Yonge-University | 2 km |
| St Andrew Station | TTC subway: Line 1 Yonge-University | 2.3 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: TTC schedule data (GTFS) from the Toronto Transit Commission under the Open Government Licence – Toronto; GO Transit and UP Express schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – Toronto. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Market Lane Junior and Senior Public SchoolToronto DSB | Public · grades JK–8 | 600 m | 78%Grade 6 average |
| St Paul Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 650 m | 72%Grade 6 average |
| Nelson Mandela Park Public SchoolToronto DSB | Public · grades JK–8 | 900 m | 56%Grade 6 average |
| École élémentaire Gabrielle-RoyConseil scolaire Viamonde | French-language public · grades JK–6 | 1.4 km | 96%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Inglenook Community SchoolToronto DSB | Public · grades 9–12 | 400 m | — |
| St Michael's Choir (Sr) SchoolToronto CDSB | Catholic · grades 9–12 | 1.8 km | 96%Grade 9 math |
| Eastdale Collegiate InstituteToronto DSB | Public · grades 9–12 | 1.8 km | — |
| Collège français secondaireConseil scolaire Viamonde | French-language public · grades 9–12 | 2.1 km | 86%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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Sold prices in Waterfront Communities C8 are shown to signed-in members.