510-115 Bonis Avenue, Toronto, ON
Tam O'Shanter-Sullivan, Toronto · MLS® E12860094
About this home
Embrace comfortable and carefree senior living in this bright 679 sq ft Dahlia Model life lease suite (65+). Thoughtfully designed, the suite features a spacious bedroom, a full 4-piece bath, and a convenient in-suite storage and laundry room with a stackable washer and dryer. Relax year round in the enclosed sunroom, filled with natural light. The suite also includes one underground parking space and a storage locker for added convenience. Residents of Sheppard Village enjoy an exceptional lifestyle with a wide range of amenities, including a library, indoor saltwater pool (monthly fee), meeting and recreation rooms, and access to a café offering a weekly menu. A vibrant community atmosphere is supported through organized day trips, social gatherings, and worship services, all thoughtfully tailored for seniors. Ideally located close to shopping, the public library, transit, and with quick access to Hwy 401, everything you need is within easy reach. Residency is 65+ and owner-occupied, offering a welcoming and secure community. For larger loads, a pay per use washer and dryer is conveniently located just across the hallway. Note: monthly maintenance fee includes taxes.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- E12860094
- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 600-699
- Cross streets
- Kennedy/Sheppard
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Maintenance
- $811/mo
- Exposure
- West
- Days on market
- 130
- Listing brokerage
- COLDWELL BANKER THE REAL ESTATE CENTRE
Rooms
combined w/living · window
combined w/sunroom · combined w/dining
Eat-in Kitchen
closet · window
Listed at $324,950, this home is about 27% below comparable homes, worth a close look. The number above is my independent estimate of value, not the asking price.
Based on 14 similar homes nearby, adjusted for size, beds, and baths.Median of 14 comparable active listings, adjusted for size, beds, and baths.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, listed at $490K
- Bedrooms −$30K
- Bathrooms −$15K
- Adjusts to $445K
That comparable adjusts to $445K; the $447K estimate above is the median of all 14 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
The assigned public school is Stephen Leacock Collegiate Institute. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
On location, this is a more car-dependent spot, so buyers here typically drive. Transit is limited nearby. Worth weighing if transit access matters to you.
Total price vs nearby homes. Fair value about $447K, median of 14 comparables.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment.
- Weigh carefully
- Value driver
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 8 active listings nearby.
See all comparable homesThis home lists 27% below the area average of $688/sqft.
On the market now.
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Tam O'Shanter-Sullivan, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Car-DependentA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Almost all errands require a car.
Within a 15-minute (1.5 km) walk.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 17, 2026); conventional rates run a little higher.
Mortgage amount $259,960 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $1,387
- Property tax
- $203
- Condo / maintenance fees
- $811
- Heating
- $0
- Estimated monthly cost
- $2,401
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $3,349
- Toronto municipal land transfer tax
- $3,349
- Estimated closing costs
- $6,699
Plus your down payment of $64,990. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $83,235
- Principal paid down
- $33,106
- Interest paid
- $50,129
- Balance remaining
- $226,854
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of COLDWELL BANKER THE REAL ESTATE CENTRE. MLS®/PropTx.