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    3501 - 390 Cherry St

    For RentThe Gooderham
    $5,200/mth
    2 Beds
    3 Bath
    2 Parking
    1,342 SQFT
    49 Days on Strata

    Listing History

    Unit Highlights

    Possession Date:
    Flexible
    Lease Term:
    1 Year
    Property Type:
    Soft Loft
    Utilities Included:
    No
    Outdoor Space:
    Balcony
    Furnished:
    Yes
    Exposure:
    West
    Locker:
    Owned
    Laundry:
    Ensuite
    Renter's Market
    Balanced
    Landlord's Market

    Utilities Included

    Rent Includes
    Air Conditioning
    Water
    Parking
    Building Maintenance
    Excluded
    Hydro
    Heat

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Fan Coil

    Room Dimensions

    Foyer
    Open Concept, Hardwood Floor
    4.92 x 9.25ft
    Kitchen
    Open Concept, Built-in Appliances, Hardwood Floor
    11.98 x 8.99ft
    Dining
    Open Concept, Hardwood Floor, O/Looks Living
    14.34 x 8.69ft

    About this Listing

    Experience Luxury Penthouse living at its finest in this stunning property, located in Toronto's iconic Gooderham Building, located in the vibrant Distillery District. Offering unparalleled panoramic views of the downtown skyline and Lake Ontario, this unique floor plan is designed to impress. Fully furnished and decorated by an interior designer, the space blends luxury and comfort seamlessly. Inside, you'll find a modern open-concept layout with high-end finishes. The chefs kitchen features sleek cabinetry, premium appliances, and an oversized island, perfect for entertaining or enjoying a quiet meal at home. Flowing seamlessly from the kitchen is the impressive great room, with floor-to-ceiling windows that showcase breathtaking views of the Toronto skyline and the iconic CN Tower. The space is ideal for relaxing or hosting guests, complete with a cozy linear fireplace and a walkout to one of your three private balconies, where you can enjoy stunning views. The primary suite is a private sanctuary, offering floor-to-ceiling windows, a spa-inspired en suite, ample closet space and a walk out to a private balcony where you can enjoy a morning cup of coffee or an evening glass of wine while overlooking the skyline views. The secondary bedroom also boasts its own balcony access and bathroom, providing comfort and privacy. With a total of two spacious bedrooms and three well-appointed bathrooms, this penthouse delivers both luxury and convenience. Additional highlights include 2 parking spots, a locker, and access to premium building amenities. Don't miss the opportunity to call this spectacular penthouse home!

    ExtrasFully furnished, equipped and decorated Penthouse unit. AAA+++ Tenants, Fully completed application Documents Required. Credit and Reference Checks will be completed as part of the application process.

    ipro realty ltdMLS® #C10405923


    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.

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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%

    Maintenance Fees

    The Gooderham vs The Distillery District Area

    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