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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.

modified
Updated 5+ Days Ago

Highlights

  • Rent Special
  • Pet Friendly

Location

561 Sherbourne St, Toronto, ON M4X 0A1, CAN|Saint James Town
Hi! Let’s figure out if this property is right for you.

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Contact

pmc-logo

Management

Medallion Corporation

Leasing office

(365) 693-5326

Property Overview

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.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.5
Very Good
With a solid 8.5 out of 10 overall, 561 Sherbourne is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 561 Sherbourne has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Images Available

Great for

  • Pet owners

Floor plans

1 Bedroom1 bed1 bath477 sqft$2,000 /mo1 unit available
2 Bedrooms2 bed1 bath598 sqft$2,650 /mo1 unit available
2 Bedrooms2 bed1 bath740 sqft$2,850 /mo1 unit available
2 Bedroom2 bed1 bath740 sqft$2,850 /mo1 unit available
3 Bedroom - 2 Bath3 bed2 bath866 sqft$3,700 /mo1 unit available

Let's explore this property.

Amenities for 561 Sherbourne

Apartment Amenities

Air ConditioningBalcony
Central Air ConditioningEnsuite Bathroom
Hardwood FloorHeat
ViewWalk-in Closet

Appliances

DishwasherDishwasher Available
FridgeStove

Building

Cats OKControlled Access
Controlled Bike Storage RoomControlled Entrances
Dogs OKElevator
Fitness CenterLounge/Library
Luxury LobbyMultipurpose Room
Onsite LaundryRecreation Room
Residents LoungeSmoking Allowed
Theater RoomWheelchair Accessible
Yoga Area

Grounds

Exercise RoomGarage Parking
On Site Retail/CommercialStorage

Services

Concierge ServiceOn-Site Management
Security Patrols

Neighborhood

Convenience StorePublic Transit
Shopping Nearby

Other

Resident Referral Program
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Parking Policy

Garage Lot

Dog Policy

Allowed

Cat Policy

Allowed

Contact for more information on pet policy.

Questions about this property’s policies and fees?

Building details

Property details

Lease terms12 months
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About 561 Sherbourne

Managed by Medallion Corporation
HomeApartments in TorontoSaint James Town 561 Sherbourne

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


Go to property website

Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.5
/10
Very Good
With a solid 8.5 out of 10 overall, 561 Sherbourne is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 561 Sherbourne has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.
How we rated 561 Sherbourne
Price·9A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
561 Sherbourne stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
Amenities·10A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
561 Sherbourne stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
561 Sherbourne is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While 561 Sherbourne does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

561 Sherbourne is great for:

Pet owners

  • Outdoor spaces are available at this property

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How 561 Sherbourne compares to other nearby properties.

Positives

Images Available
There are at least 10 photos of this address

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Rent trends in Saint James Town

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 10% more than the average rent price for 3-bedroom apartments in Saint James Town.

Median rents as of Aug 8 2026.
Saint James Town
Toronto
A table of studio rental data trends in Toronto
MonthMedian Rent
August 2024$1,945
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$1,706
June 2026$1,722
July 2026$1,732
August 2026$1,724
A table of studio rental data trends in Saint James Town
MonthMedian Rent
August 2024$1,675
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$1,589
June 2026$1,590
July 2026$1,590
August 2026$1,590

Affordability calculator

Can I afford to live at 561 Sherbourne St?

Bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$80,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $80,000 annually to afford this 1-bedroom monthly rent price of $2,000.
For more information on rent affordability, visit our rent calculator.
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Internet available near 561 Sherbourne

Getting around Toronto near 561 Sherbourne St

Walking

10/10
No car? No problem. Everything you need is within a few blocks.

Driving

5/10
This area is accessible to thoroughfares and has ample parking options.

Cycling

8/10
Helmets on–you can get anywhere in this cyclist-friendly, well-connected area.

Transit

9/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.

Points of interest for 561 Sherbourne St, Toronto

Groceries

10/10
At least one supermarket within a 5-minute walk

Shopping

10/10
Exceptional variety of shops within a few minutes’ walk

Cafes

10/10
Exceptional variety of cafés within a few minutes’ walk

Restaurants

9/10
Exceptional variety of restaurants within a few minutes’ walk

Primary schools

9/10
At least one elementary school within a 5-minute walk

High schools

10/10
At least one high school within a 5-minute walk

Parks

10/10
Exceptionally large amount of park space within a few minutes’ walk

Nightlife

8/10
Wide variety of bars within a few minutes' walk

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