745-121 Lower Sherbourne St
Waterfront Communities C8, Toronto, Ontario M5A 4J4
- Bedrooms
- 1+1
- Bathrooms
- 2
- Size
- 600–699sq ft
- Per sq ft
- $814at the range’s middle
- Tax a year
- $2,8162025 tax year
- Built
- 0-5
- Parking
- 0underground
- Days on market
- Members
The brief
About 745-121 Lower Sherbourne St
745-121 Lower Sherbourne St is a 1+1-bedroom, 2-bathroom condo in Waterfront Communities C8, Toronto, listed for sale at an asking price of $529,000 (MLS® C13847652).
Welcome to Time & Space by Pemberton, ideally located at Front St E & Sherbourne St! This prime downtown location is just steps from the Distillery District, St. Lawrence Market, TTC, and the waterfront. This bright and functional 1+Den, 2-Bath suite features an East exposure, private balcony, 9' smooth ceilings, and premium 7.5" wide laminate flooring. Enjoy an exceptional lifestyle with an impressive array of amenities, including an infinity-edge pool, rooftop cabanas, outdoor BBQ area, games room, fully equipped gym, yoga studio, party room, and more. A fantastic opportunity to live in one of Toronto's most vibrant and connected neighbourhoods!
Insights
Condition Score
Fair66/1004 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Near break-even52/100−$269/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
- $2,816 / 2025
- MLS® number
- C13847652
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Building Age
- 0-5
- Days on market
- Size
- 600-699 sqft
- Listed on
- Parking
- Underground, 0 Parking
Property details
Property
- Property Type
- Condo Apt
- Style
- Apartment
- Community
- Waterfront Communities C8
- Municipality
- Toronto
Building
- Size
- 600-699 sqft
- Building Age
- 0-5
- Construction
- Concrete
Inside
- Bedrooms
- 1+1
- Bathrooms
- 2
- Bathroom Details
- 1 × 4pc Flat, 1 × 3pc Flat
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- Underground
- Additional Parking
- 0
- Total Parking
- 0
Utilities
- Cooling
- Central Air
- Heating Type
- Forced Air
Additional
- Fireplace
- No
- Den
- No
- Family room
- No
- Extras
- Built-In Oven, Cooktop, Built-In Dishwasher, Over-the-Range Microwave, Refrigerator, Washer & Dryer. All Existing Window Coverings, All Existing Lighting Fixtures.
- Condo maint.
- $520
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 2.74 × 3.43 m | Laminate, Open Concept, W/O To Balcony | Flat |
| Dining | 2.41 × 3.05 m | Laminate, Open Concept, Combined W/Kitchen | Flat |
| Kitchen | 2.41 × 3.05 m | Laminate, Stainless Steel Appl, Stone Counter | Flat |
| Br | 2.74 × 3.45 m | 4 Pc Ensuite, Closet, W/O To Balcony | Flat |
| Den | 2.44 × 3.15 m | Laminate, Separate Rm | Flat |
Listing history
Buy/sell history for 745-121 Lower Sherbourne 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 | $529,000 | N/A | For Sale | C13847652 |
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
- $105,800
- Total mortgage amount
- $423,200
- Total interest payment
- $301,000
- Total purchase cost
- $830,000
- Mortgage payment
- $2,414/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
29%Monthly carrying cost
$3,169- Rent $2,900
- Shortfall $269
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
- $7,055
- Toronto municipal land transfer tax
- $7,055
- Total land transfer tax
- $14,110
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $5,635
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 $529,000
- $2,580
- Ontario total
- $7,055
Toronto’s municipal tax uses the same brackets at this price, so it adds another $7,055.
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
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation4
- Not in Toronto and Region Conservation Authority’s mapped regulated areaAt the address
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m68 test or monitoring holes also recorded.250 m
- Groundwater recorded about 2.4 m below ground nearbyThe middle water level in the well records within 500 m (577 records). It changes with the season and from spot to spot.500 m
Toronto and Region Conservation Authority · Province of Ontario open data
Planning and building activity5
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- 96 building permits issued within 250 m in the last 2 years250 m
- 18 open development applications within 250 mAn application is a proposal: it may change, be refused or never be built.250 m
- Nearest airport: 2.6 km2.6 km
- Mapped parcel: about 34,600 sq ftMeasured from the municipal parcel map, which can differ from the survey and from the lot size in the listing.At the address
Province of Ontario open data · Municipal building permits · Municipal development applications · toronto.parcels
Around the home2
- Nearest rail line: 340 m340 m
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- 1 facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Redpath Sugar Ltd — Toronto Refinery, 910 m away. Facilities report to the National Pollutant Release Inventory above set thresholds; reporting a release is not a finding of harm.1 km
- 1 federal contaminated site within 1 kmAll of them are closed. The federal inventory covers federal land only, not provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Toronto Hydro-Electric System LimitedAt the address
- Wired internet 50/10 Mbps or faster is listed at a household 50 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (50 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.50 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Beanfield Metroconnect, Bell, CIK Telecom, Dotto One, FibreStream, Rally, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Rogers, Routcom, SkyChoice Communications. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Toronto and Region Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information licensed under the Open Government Licence – Toronto. Contains information made available under the Toronto and Region Conservation Authority Open Data Licence v1.0.
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 SS1 (x339)By-law
569-2013Municipality
Toronto1 x339
Site-specific exception 339: this site has rules of its own, written in the by-law.
2 SS1
Standards set 1: 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(339)
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
No building permits on file at this address.
Signals around this home
Changing nearby. 6 open development applications within 800 m of this home.
254 KING ST ESite planUnder Review
Site Plan Approval for two mixed-use towers having heights of 38 and 40 storeys. The proposed non-residential gross floor area is 5,490 square metres, and the proposed residential gross floor area is 62,695 square metres. A total of 819 rental dwelling units are proposed.
170 m away254 KING ST EPlan of subdivisionUnder Review
Draft Plan of Subdivision for 5 development blocks.
170 m away157 PRINCESS STPlan of subdivisionUnder Review
Draft Plan of Subdivision for 5 development blocks.
170 m away157 PRINCESS STSite planUnder Review
Site Plan Approval for two mixed-use towers having heights of 38 and 40 storeys. The proposed non-residential gross floor area is 5,490 square metres, and the proposed residential gross floor area is 62,695 square metres. A total of 819 rental dwelling units are proposed.
170 m away256 KING ST ESite planUnder Review
Site Plan Approval for two mixed-use towers having heights of 38 and 40 storeys. The proposed non-residential gross floor area is 5,490 square metres, and the proposed residential gross floor area is 62,695 square metres. A total of 819 rental dwelling units are proposed.
180 m away256 KING ST EPlan of subdivisionUnder Review
Draft Plan of Subdivision for 5 development blocks.
180 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 10% 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 | 850 m |
| Queen Station | TTC subway: Line 1 Yonge-University | 1 km |
| Union Station | TTC subway: Line 1 Yonge-UniversityGO Transit train: Barrie, Kitchener, Lakeshore East, Lakeshore West, Milton, Richmond Hill, StouffvilleUP Express train | 1.1 km |
| TMU Station | TTC subway: Line 1 Yonge-University | 1.3 km |
| St Andrew Station | TTC subway: Line 1 Yonge-University | 1.4 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 | 250 m | 78%Grade 6 average |
| St Michael Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 300 m | 65%Grade 6 average |
| St Paul Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 800 m | 72%Grade 6 average |
| École élémentaire Gabrielle-RoyConseil scolaire Viamonde | French-language public · grades JK–6 | 800 m | 96%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Inglenook Community SchoolToronto DSB | Public · grades 9–12 | 750 m | — |
| St Michael's Choir (Sr) SchoolToronto CDSB | Catholic · grades 9–12 | 1 km | 96%Grade 9 math |
| Collège français secondaireConseil scolaire Viamonde | French-language public · grades 9–12 | 1.6 km | 86%Grade 9 math |
| Native Learning CentreToronto DSB | Public · grades 9–12 | 1.8 km | — |
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.