Skip to main
    Toronto / Downtown / Distillery District

    2506 - 390 Cherry St

    For RentThe Gooderham
    $2,350/mth
    1 Bed
    1 Bath
    0 Parking
    500 - 599 SQFT
    26 Days on Strata

    Listing History

    Unit Highlights

    Possession Date:
    January 16, 2025
    Lease Term:
    1 Year
    Property Type:
    Soft Loft
    Utilities Included:
    No
    Outdoor Space:
    Balcony
    Furnished:
    No
    Exposure:
    East
    Locker:
    Owned
    Laundry:
    Main
    Renter's Market
    Balanced
    Landlord's Market

    Utilities Included

    Rent Includes
    Heat
    Air Conditioning
    Water
    Building Maintenance
    Building Insurance
    Excluded
    Hydro

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Prim Bdrm
    4 Piece Ensuite, Large Closet, Sliding Doors
    9.19 x 9.19ft
    Living
    Combined with Kitchen, Windows Floor to Ceiling, Walkout To Balcony
    11.48 x 12.14ft
    Kitchen
    Combined with Living, Built-in Appliances, Open Concept
    11.48 x 3.61ft

    About this Listing

    Live in the heart of the iconic Distillery District at 390 Cherry St., where charm and modern convenience meet! This stunning 1-bedroom rental in The Gooderham building boasts breathtaking east-facing & Lake Ontario views, creating a serene backdrop for your mornings and evenings. Enjoy unparalleled amenities, including a rooftop deck, outdoor pool, gym, yoga studio, spa, sauna, party room, games room, guest suites, and more. Steps from boutique shops, restaurants, and the renowned Distillery District, this location is magical year-round but especially enchanting during the Christmas Market. Experience the perfect blend of history, culture, and modern living in this one-of-a-kind neighbourhood!

    ExtrasAppliances, Washer & Dryer, ELFs, Window Coverings, & Locker!

    fox marin associates ltd.MLS® #C11305301

    Amenities

    Concierge
    Outdoor Pool
    BBQs Allowed
    Rooftop Deck
    Party Room
    Rec 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.

    Similar Listings

    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
    3%
    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

    -11%
    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

    15
    Units were Sold over the past twelve months

    Rented Units

    39
    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 - $588,000$570,000 - $595,000$867,000 - $1,040,000$780,000 - $1,060,000No Data
    Avg. Cost Per Sqft$1,106$931$1,051$1,038No Data
    Avg. Wait for Unit Availability56 Days57 Days38 Days97 Days455 Days
    Ratio of Units in Building27%25%34%15%2%

    Transactions vs Inventory

    Total number of units listed and leased in Distillery District