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    Toronto / Downtown / Distillery District

    607 - 390 Cherry St

    For SaleThe Gooderham
    $889,000
    2 Beds
    2 Bath
    1 Parking
    882 SQFT
    164 Days on Strata

    Listing History

    Unit Highlights

    Property Type:
    Soft Loft
    Maintenance Fees:
    $980/mth
    Taxes:
    $3,571 (2023)
    Cost Per Sqft:
    $1,008/sqft
    Locker:
    Owned
    Outdoor Space:
    Balcony
    Exposure:
    South East
    Possession Date:
    December 2, 2024
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Heat
    Air Conditioning
    Water
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    Hydro

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    Hardwood Floor, Window Flr To Ceil, Walkout To Balcony
    11.48 x 11.81ft
    Dining
    Hardwood Floor, Combined with Living, Track Lights
    11.48 x 11.81ft
    Kitchen
    Hardwood Floor, Combined with Dining, Stainless Steel Appliances
    11.48 x 11.81ft

    About this Listing

    Great for Investors, Currently tenanted at $3600/month with lease signed until Nov 30 2024; Discover the allure of this extraordinary real estate gem nestled within the highly sought after Distillery District in Toronto: an expansive and highly functional split 2 Bd/2 Bath SE corner Unit (882sqf) with a small den area & Wrapped around balcony, this coveted address immerses you in a vibrant tapestry of shops, restaurants, bars, banks, galleries, and more, creating an enchanting environment where culture and entertainment flourish. Convenience of TTC at your doorstep and easy access to the hwy ensures you effortlessly explore the city's wonders. Unwind by the outdoor pool, rejuvenate in the sauna/steam room, find inner peace in the yoga studio, or stay active in the well-equipped gym. For visiting friends and family, take advantage of the thoughtfully provided guest suites, ensuring their stay is as comfortable as can be. Other facilities include Party Room, Common area Bbq And 24 Hour Concierge, Seasonal Outdoor pool, Dry and Steam Sauna and more.

    ExtrasPrice includes the ownership of one underground Parking, one locker and one bicycle storage

    right at home realtyMLS® #C8213440

    Amenities

    Media Room
    Rooftop Deck
    BBQ
    Outdoor Pool
    Rec Room
    Gym Room

    Explore Neighbourhood

    9/10
    Walkability
    One small step for you. One giant leap towards never needing a gym membership.
    9/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    6/10
    Bikeability
    The bike lane starts to feel like a second home.

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    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    5,533
    Average Individual Income
    $65,701
    Average Household Size
    3 persons
    Average Age
    49
    Average Household Income
    $100,783
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    0 - 14
    14%
    15 - 19
    1%
    20 - 34
    28%
    35 - 49
    20%
    50 - 64
    19%
    65+
    16%
    Household Income
    $0 - $30,000
    49%
    $30,000+
    23%
    $60,000+
    15%
    $90,000+
    8%
    $125,000+
    3%
    Housing Types & Tenancy
    High Rise Apartment
    44%
    Semi Detached
    32%
    Detached
    17%
    Low Rise Apartment
    3%
    Duplex
    1%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    81%
    Mandarin
    12%
    Arabic
    2%
    Telugu
    1%
    Portuguese
    1%
    Tagalog
    1%
    Spanish
    1%
    Hindi
    1%
    Education
    University and Above
    43%
    High School
    23%
    College
    15%
    None
    11%
    University Below Batchelor
    3%
    Apprenticeship
    2%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    21%
    Math & Computer Sciences
    11%
    Social Sciences
    11%
    Health & Related Fields
    10%
    Humanities
    4%
    Physical Sciences
    4%
    Education
    4%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%
    Agriculture & Natural Resources
    1%

    Price Trends

    Maintenance Fees

    The Gooderham vs The Distillery District Area

    Building Trends At The Gooderham

    Days on Strata

    Units at The Gooderham spend an average of
    27
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these lofts sell for
    1%
    below
    the list price.

    Offer Competition

    Lofts in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Distillery District

    Turnover of Units

    On average, each unit is owned for
    6.1
    YEARS before being sold again

    Property Value

    -15%
    Decrease in property value within the past twelve months

    Price Ranking

    2nd
    Highest price per SQFT out of 7 condos in the Distillery District area

    Sold Units

    11
    Units were Sold over the past twelve months

    Rented Units

    40
    Units were Rented over the past twelve months

    Best Value Rank

    The Gooderham offers the
    ?
    best value out of 7 condos in the Distillery District neighbourhood

    Appreciation Rank

    The Gooderham has the
    ?
    highest ROI out of 7 condos in the Distillery District neighbourhood

    Rental Yield

    The Gooderham yields the
    ?
    highest rent prices out of 7 condos in the Distillery District neighbourhood

    High Demand

    The Gooderham is the
    ?
    most popular building out of 7 condos in the Distillery District neighbourhood

    Transaction Insights at 390 Cherry Street

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price Range$538,000$570,000$830,000 - $1,080,000$780,000 - $1,060,000No Data
    Avg. Cost Per Sqft$1,093$914$1,040$1,019No Data
    Avg. Wait for Unit Availability54 Days58 Days37 Days98 Days455 Days
    Ratio of Units in Building27%25%35%14%2%

    Transactions vs Inventory

    Total number of units listed and sold in Distillery District