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OFFER:
2 Months Free Rent Receive 2 months free rent* when you sign a 12 month lease. The Free Rent Incentive (the “Promotion”) is available for a limited time and is subject to change or cancellation without notice. Offer applies to new applicants who enter into a new 12-month lease agreement.
Rent Special
Pet Friendly
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561 Sherbourne earns a strong Zumper Expert Rating of 8.5 out of 10, highlighting its excellent value and trustworthiness with a score of 8 for transparency. The property features an impressive 10 out of 10 amenities rating and a 9 out of 10 for location, providing renters with convenient access to various points of interest. Additionally, it showcases its appeal with 16 photos and offers outdoor spaces, catering to pet-friendly living.
Things you’ll love
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Pet owners| 1 Bedroom | 1 bed | 1 bath | 477 sqft | $2,000 /mo | 1 unit available | ||
| 2 Bedrooms | 2 bed | 1 bath | 598 sqft | $2,650 /mo | 1 unit available | ||
| 2 Bedrooms | 2 bed | 1 bath | 740 sqft | $2,850 /mo | 1 unit available | ||
| 2 Bedroom | 2 bed | 1 bath | 740 sqft | $2,850 /mo | 1 unit available | ||
| 3 Bedroom - 2 Bath | 3 bed | 2 bath | 866 sqft | $3,700 /mo | 1 unit available |
Let's explore this property.
Apartment Amenities
| Air Conditioning | Balcony |
| Central Air Conditioning | Ensuite Bathroom |
| Hardwood Floor | Heat |
| View | Walk-in Closet |
Appliances
| Dishwasher | Dishwasher Available |
| Fridge | Stove |
Building
| Cats OK | Controlled Access |
| Controlled Bike Storage Room | Controlled Entrances |
| Dogs OK | Elevator |
| Fitness Center | Lounge/Library |
| Luxury Lobby | Multipurpose Room |
| Onsite Laundry | Recreation Room |
| Residents Lounge | Smoking Allowed |
| Theater Room | Wheelchair Accessible |
| Yoga Area |
Grounds
| Exercise Room | Garage Parking |
| On Site Retail/Commercial | Storage |
Services
| Concierge Service | On-Site Management |
| Security Patrols |
Neighborhood
| Convenience Store | Public Transit |
| Shopping Nearby |
Other
| Resident Referral Program |
One-time.
One-time. Refundable.
Garage Lot
Contact for more information on pet policy.
Questions about this property’s policies and fees?
| Lease terms | 12 months |
|---|
2 MONTHS FREE RENT ON A 12-MONTH LEASE*! Welcome to 561 Sherbourne Street. We offer luxury one bedroom, two bedroom and three bedroom apartments. Spacious suites featuring open-concept designs, luxury plank laminate flooring, quartz countertops, floor to ceiling windows and stainless steel kitchen appliances are just some of the luxuries you will experience at 561. We are perfectly located within walking distance to all of life's conveniences. Enjoy the short stroll to the wonderful Bay \\ Bloor area and Sherbourne subway station, unique restaurants, boutiques and specialty shops. Freshco is steps outside your door! The fabulous Yorkville area, Riverdale Park, Community Centre and Public library all yours to experience! If you are a student of University of Toronto and Ryerson University this is the place for you! Neighborhood - TTC at your door. Short walk to Sherbourne or Castlefrank Subways - Schools: Public and Catholic within walking distance, Shopping: Close to Yorkville, Bay & Bloor, Hospitals/Clinics: Wellesley Hospital - Grocery Stores: Freshco, Food Basics, No Frills - Newly renovated apartment suites available - Rose Avenue Community Center - Toronto Public Library – Parliament and Gerrard - Hardwood flooring throughout apartments - Cabbagetown Festival every summer
How 561 Sherbourne compares to other nearby properties.
Positives
1-bedroom apartments here are priced 18% higher than 1-bedrooms in Saint James Town.
If you decide to upgrade your space, you can expect 2-bedrooms at 561 Sherbourne to be 12% more than the average for similarly sized apartments in Saint James Town.
3-bedroom apartments at 561 Sherbourne cost about 28% more than the average rent price for 3-bedroom apartments in Saint James Town.
| Month | Median Rent |
|---|---|
| May 2024 | $1,988 |
| June 2024 | $1,990 |
| July 2024 | $1,955 |
| August 2024 | $1,948 |
| September 2024 | $1,907 |
| October 2024 | $1,898 |
| November 2024 | $1,899 |
| December 2024 | $1,899 |
| January 2025 | $1,887 |
| February 2025 | $1,853 |
| March 2025 | $1,862 |
| April 2025 | $1,856 |
| May 2025 | $1,842 |
| June 2025 | $1,806 |
| July 2025 | $1,800 |
| August 2025 | $1,800 |
| September 2025 | $1,799 |
| October 2025 | $1,798 |
| November 2025 | $1,768 |
| December 2025 | $1,750 |
| January 2026 | $1,741 |
| February 2026 | $1,709 |
| March 2026 | $1,700 |
| April 2026 | $1,700 |
| May 2026 | $1,700 |
| Month | Median Rent |
|---|---|
| May 2024 | $1,803 |
| June 2024 | $1,823 |
| July 2024 | $1,800 |
| August 2024 | $1,706 |
| September 2024 | $1,681 |
| October 2024 | $1,718 |
| November 2024 | $1,710 |
| December 2024 | $1,675 |
| January 2025 | $1,672 |
| February 2025 | $1,672 |
| March 2025 | $1,672 |
| April 2025 | $1,675 |
| May 2025 | $1,647 |
| June 2025 | $1,646 |
| July 2025 | $1,614 |
| August 2025 | $1,599 |
| September 2025 | $1,634 |
| October 2025 | $1,753 |
| November 2025 | $1,598 |
| December 2025 | $1,621 |
| January 2026 | $1,650 |
| February 2026 | $1,650 |
| March 2026 | $1,650 |
| April 2026 | $1,615 |
| May 2026 | $1,588 |
Can I afford to live at 561 Sherbourne St?
Bedrooms
Rent-to-income ratio
30%
$80,000/yr
Oakwood - Vaughn • Vaughan Rd & Glenholme Ave
3 Beds
$2,830
Davenport • 980 Lansdowne Ave
1–3 Beds
$2,174–$3,956
Crescent Town • 100 Eastdale Ave
1–4 Beds
$1,913–$3,820
South Annex • 748 Bathurst St
Studio–3 Beds
$1,999–$3,995
Harbourfront • 370 Queens Quay W
1–3 Beds
$2,257–$3,677
Stonegate - Queensway • 20 Samuel Wood Way
Studio–2 Beds
$2,005–$3,320
York Mills • 31 Farmstead Rd
2–3 Beds
$2,895–$3,925
Oakwood - Vaughn • Vaughan Rd & Glenholme Ave
3 Beds
$2,830
Davenport • 980 Lansdowne Ave
1–3 Beds
$2,174–$3,956
Crescent Town • 100 Eastdale Ave
1–4 Beds
$1,913–$3,820
South Annex • 748 Bathurst St
Studio–3 Beds
$1,999–$3,995
Harbourfront • 370 Queens Quay W
1–3 Beds
$2,257–$3,677
Stonegate - Queensway • 20 Samuel Wood Way
Studio–2 Beds
$2,005–$3,320
York Mills • 31 Farmstead Rd
2–3 Beds
$2,895–$3,925
