Toronto · Ward 13 · PRIVATE

540 Sherbourne St

Toronto, Ontario · postal area M4X · North St.James Town

95 units · 14 storeys · built 1967 · managed by BETTER LIVING HOMES

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RentSafeTO score

82
evaluated Jul 22, 2026 · proactive score 82 · what scores mean

LTB orders, Jan–June 2026

0
no final orders in this period

Rent control

Likely rent-controlled
first occupied before Nov 15, 2018 — the annual guideline (2.1% in 2026) applies · details

Fire code

0
open violations · 57 recorded since 2018 · last inspection Jan 16, 2026

Investment (5 yrs)

no permits on file since Aug 2021

Property standards

2
investigations in the last 2 years · none open now

Building facts

Heatingelectric
Laundry roomyes
Parkingunderground garage · garage accessible thru building · surface parking
Visitor parkingpaid
Bike parking0 indoor parking spots and 12 outdoor parking spots
Elevators2
Sprinklersyes
Fire alarmyes
Barrier-free entranceno
Pets allowedyes
Non-smokingyes
Hydro metered per unitno
Gas metered per unitno
Intercomyes
Lockers / storageno

Self-reported by the building owner or manager at RentSafeTO registration; City of Toronto open data.

Inspection breakdown

Laundry Room3 / 3
Parking Areas3 / 3
Garbage/Compactor Room3 / 3
Building Exterior2 / 3
Windows3 / 3
Balcony Guards2 / 3
Common Area Ventilation3 / 3

Common areas scored 0–3 by the City inspector at the latest RentSafeTO evaluation (3 = no issues found). Only areas assessed at this building are shown.

Neighbourhood & getting around · North St.James Town

What rents cost here · Toronto Central zone

Zone-wide market averages — not this building's rents
UnitVacant units rent forSitting tenants pay
bachelor$1,790$1,599
1-bedroom$2,321$2,036
2-bedroom$3,128$2,766
3-bedroom+—$3,556

The gap is what moving costs: a vacant 2-bedroom rents about 13% above what sitting tenants pay. Only 11.8% of units changed tenants in the year to the survey. Vacancy rate: 2.8%. Across the City of Toronto, average rents rose 3% over the year (same-structure sample). CMHC Rental Market Survey, October 2025.

Region-wide asking rents (Toronto area (CMA), Q1 2026, Statistics Canada, Quarterly Rent Statistics): bachelor $1,760 · 1-bed $2,110 · 2-bed $2,660 · 3-bed $3,250. Rentals.ca & Urbanation National Rent Report, July 2026: City of Toronto average $2,577 across all unit types.

Getting around

Distances from this building
Nearest stop: Sherbourne St at Earl St North Side · 50 m
Stops within 500 m: 19
Bus routes: 65, 75, 94
Subway within 500 m: Line 2
24-hour night routes: 300, 365
Nearest subway: Sherbourne Station · 336 m
Nearest intersection: Isabella & Sherbourne · 62 m · 9,428 vehicles in the City's latest count
TTC schedule data · routes serving stops within 500 m · straight-line distances · nearest intersection from CornerFacts, our sister site

Who lives in the area

Whole neighbourhood — not this building
Households renting: 88.9%
Renters paying 30%+ of income: 36.2%
Renters in subsidized housing: 22.9%
Median household income: $59,200
Average household: 2 people
Median age: 36.4
Homes in 5+ storey buildings: 93%
Moved in the past year: 16.6%
Residents: 23,408
2021 census · North St.James Town

Area safety

Whole neighbourhood — not this building
2026 so far (to June): 136 assaults, 26 break-and-enters, 15 robberies and 4 auto thefts — 9% more than the same months of 2025
Full year 2025: 300 assaults, 36 break-and-enters, 20 auto thefts and 18 robberies — assault and robbery run above the typical Toronto neighbourhood; auto theft and break-and-enter below.
311 noise complaints in postal area M4X: 86 in 2026 so far (92 in all of 2025).
Police-reported · whole neighbourhood, not this building

What's nearby

Distances from this building
Parks: Wellesley - Magill Park 172 m · St. James Town West Park 188 m · Dr. Gordon Chong Park 361 m
Community centres: Wellesley Community Centre 194 m · PAM McCONNELL AQUATIC CENTRE 1.5 km
Libraries: St. James Town 220 m · Toronto Reference Library 923 m
City of Toronto open data · straight-line distances

Schools nearby

Distances from this building
Elementary: Rose Avenue Jr Public School · 287 m
Middle: Winchester Jr & Sr Public School · 512 m
Secondary (high school): Jarvis Collegiate Institute · 367 m
Catholic elementary: Monsignor Fraser College - Isabella Campus · 107 m
Catholic secondary: St Michael'S Choir School - Secondary · 1.5 km
Nearest board-run school by straight-line distance — catchment zones are set by each school board, so confirm with the board's Find Your School tool.
Who to contact about building problems. Put requests to your landlord in writing first. Unresolved property-standards issues go to the City through 311 (RentSafeTO). If 311 doesn't resolve it, your councillor's office can escalate: Ward 13 (Toronto Centre) — Chris Moise, Councillor_Moise@toronto.ca · 416-392-7903.

Score history

EvaluationScore
Jul 5, 202498
Jul 22, 202682

Fire code violations

57 violation records since 2018 in Toronto Fire Services' high-rise inspection data; 0 currently open. Most frequent:

Source: Toronto Fire Services residential inspection results, refreshed daily. A violation record is a finding at inspection time; open items are those without a recorded close date.

Landlord and Tenant Board orders

How to read these orders and codes →

No final LTB orders were published for this address between January and June 2026. Earlier years will appear as Tribunals Ontario backfills its catalogue to 2021.

Landlord or manager of this building? You can request a correction or add a response that will appear beside this record. Every fact above links to its official source and date.