809-3220 Sheppard Avenue, Toronto, ON

Tam O'Shanter-Sullivan, Toronto · MLS® E13727946

$642,000
For Sale
Listed 20 days agoNo offer date stated
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2Bedrooms
2Bathrooms
2Garage
800-899Sq ft

About this home

In short

  • Suite 809 Offers A Rare Combination Inside This 2022-Built Residence: Two Owned Parking Spaces And Two Lockers, Giving The Unit Space And Flexibility That's Simply...
  • Inside, A Thoughtfully Designed 2-Bedroom, 2-Bathroom Layout Spans 872 Square Feet, Offering Comfortable, Functional Living Space From The Moment You Walk In.
  • The Location Adds Another Layer Of Ease Surrounded By Transit Options, With Quick Access To The DVP And 401 For Effortless Travel Across The City.
  • Suite 809 Is A Genuine Opportunity - A New-Build Condo Where The Space, The Amenities, And The Location All Come Together.

Suite 809 Offers A Rare Combination Inside This 2022-Built Residence: Two Owned Parking Spaces And Two Lockers, Giving The Unit Space And Flexibility That's Simply Built In. Inside, A Thoughtfully Designed 2-Bedroom, 2-Bathroom Layout Spans 872 Square Feet, Offering Comfortable, Functional Living Space From The Moment You Walk In. Residents Also Enjoy A Beautifully Appointed Rooftop Garden And Terrace, A Standout Amenity That Turns The Building Itself Into An Extension Of Home. The Location Adds Another Layer Of Ease Surrounded By Transit Options, With Quick Access To The DVP And 401 For Effortless Travel Across The City. Nearby, Excellent Schools, Family-Friendly Parks, And Both Fairview Mall And Scarborough Town Centre Round Out A Neighbourhood Built For Everyday Living. Suite 809 Is A Genuine Opportunity - A New-Build Condo Where The Space, The Amenities, And The Location All Come Together.

Key facts

Property type
Condo Apartment, Apartment
MLS®
E13727946
Bedrooms
2
Bathrooms
2
Size
800-899 sq ft
Cross streets
Warden Ave & Sheppard Ave E
Parking
2 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Brick, Other
Maintenance
$658/mo
Exposure
South West
Property tax
$2,793 / 2026
Days on market
20
Listing brokerage
SOTHEBY'S INTERNATIONAL REALTY CANADA
Our TakeTeam Asgarian · Broker
Ask and recent sales differ
$522Kautomated estimate, from recent sales

Listed at $642,000. Recent sales of homes like it put this one around $522K, so the ask is about 23% above what similar homes have sold for.

If it sells at this ask, expect about $635K, typically $614K to $638K: that is where homes here have closed against their asks in the last 90 days (25 closings).

The ask and what recent sales support disagree. When they differ this much, the asking price has been the closer guide about 87% of the time. Recent GTA homes first listed this far above their automated estimate sold at about 95% of the original ask, in a median 36 days, 26% of them after a price reduction (750 sales).

List price
$485KBelow recent closings$642KAbove recent closings

Total price vs nearby homes. Fair value about $522K, learned from recent GTA sales.

The market behind the math:

25sold nearby · 90 days
$570Kmedian sold price
97%of asking, on average
+10%prices vs a year ago
~35 dayshomes like this take to sell
20days on market so far
$2,696/moest. rent · 22 leases
5.0%gross yield on the ask
Balanced market
Buyer's marketSeller's market

About 3.6 months of inventory: 30 condo apartment homes for sale in the area against 25 closings in the last 90 days. Under two months favours sellers, over four favours buyers.

This home
Below area avgAbove area avg

Price per square foot: this home lists at $756/sqft against an area asking average of $687/sqft. Size and $/sqft both feed the estimate above.

How this estimate is builtthe short version

This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood and this building.

It never sees the asking price. The 8 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $508K. Condition and finishes remain an in-person call.

What the listing highlights1 point to weigh

Claims from the listing, worth confirming in person. I can book you a private showing.

  • Development potential: upside only if zoning permits, verify with the city before relying on it. Worth verifying
Schools & getting aroundcatchment and transit

Its public catchment (Bridlewood Junior Public School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.

Based on 12 homes sold in this building over the past two years, from 147 closings in Tam O'Shanter-Sullivan.

What sellers nearby are askingCurrently listed nearby in Tam O'Shanter-Sullivan · asking prices
$626kavg asking

The closest active listings by size, beds, and price, so you can see what this home is up against.

Per square foot, these ask about $705/sqft; this home lists at $756/sqft. Size is part of the price story, not just the sticker.

The 5 closest of 8 active listings nearby.

See all comparable homes
642kThis home628k615k610k639k639kThis home vs active comparables

Neighbourhood & location

Tam O'Shanter-Sullivan, Toronto, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Henry Farm
$499K
Bayview Village
$440K
Willowdale East
$577K
Mount Pleasant West
$509K
Church-Yonge Corridor
$629K

Typical asking price of active listings of the same type, per area (outliers removed). Toronto.

Get the full neighbourhood report (schools, parks, transit & safety) →

Schools & catchmentAssigned attendance-boundary schools, with EQAO results

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.

Street view near Bridlewood Junior Public School
83%
Bridlewood Junior Public SchoolPublic · Elementary · 0.4 km awayHigher-rated than most nearby · 83% meet the provincial standard
J B Tyrrell Senior Public SchoolEQAO results not published
Also nearby: 12 more schools within 2.5 km
Vradenburg Junior Public School · Public elementary0.5 km · 75% at standard
Holy Spirit Catholic School · Catholic elementary0.9 km · 72% at standard
Lynngate Junior Public School · Public elementary1.0 km · 61% at standard
Pauline Johnson Junior Public School · Public elementary1.0 km · 58% at standard
Fairglen Junior Public School · Public elementary1.1 km · 74% at standard
Caring and Safe School 2 · Public secondary1.2 km
Parkview Alternative School · Public secondary1.2 km
John Buchan Senior Public School · Public elementary1.2 km
Stephen Leacock Collegiate Institute · Public secondary1.2 km · 58% at standard
North Bridlewood Junior Public School · Public elementary1.3 km · 69% at standard
Tam O'Shanter Junior Public School · Public elementary1.4 km · 56% at standard
Timberbank Junior Public School · Public elementary1.5 km · 71% at standard

Not the assigned catchment: schools a family here could reach, with EQAO results where published.

Affordability & Mortgage

Affordability
$2,926/mo
$135KIncome needed
4.8×Price ÷ income
$675Weekly cost
$18,630Land transfer tax, one-time (Ontario + Toronto)
20% down4.79%25-yr amortization

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.

77%mortgage
Mortgage $2,926Property tax $233Condo fee $658Total carry $3,817

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

$
20.0%
$
%
4.39%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.24% via Ratehub.ca (as of September 18, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$2,811per month

Mortgage amount $513,600 · 4.39% over 25 years

$128,400Down payment (20.0%)
$513,600Loan before insurance
$0CMHC premium
$3,702Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,811
Property tax
$233
Condo / maintenance fees
$658
Heating
$0
Estimated monthly cost
$3,702

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$9,315
Toronto municipal land transfer tax
$9,315
Estimated closing costs
$18,630

Plus your down payment of $128,400. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.39%Qualifying rate
$3,406/monthPayment at the qualifying rate

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

$329,794Total interest paid
$843,394Total of all payments
Principal $513,600 Interest $329,794
YearPrincipalInterestBalance
1$11,622$22,114$501,978
2$12,138$21,598$489,840
3$12,677$21,059$477,163
4$13,239$20,497$463,924
5$13,827$19,909$450,097
6$14,441$19,295$435,657
7$15,081$18,654$420,575
8$15,751$17,985$404,825
9$16,450$17,286$388,375
10$17,180$16,556$371,195
11$17,942$15,793$353,253
12$18,739$14,997$334,514
13$19,570$14,165$314,944
14$20,439$13,297$294,505
15$21,346$12,390$273,159
16$22,293$11,442$250,865
17$23,283$10,453$227,583
18$24,316$9,420$203,267
19$25,395$8,340$177,871
20$26,522$7,213$151,349
21$27,699$6,036$123,649
22$28,929$4,807$94,720
23$30,213$3,523$64,508
24$31,554$2,182$32,954
25$32,954$782$0

At the end of your 5-year term

Total paid over the term
$168,679
Principal paid down
$63,503
Interest paid
$105,176
Balance remaining
$450,097

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.

Let's connect

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

Rental yield
From 22 whole-home leases in Tam O'Shanter-Sullivan$2,696/mo
$32,352Gross annual rent
2.7%Cap rate after taxes and upkeep
$2,561 to $2,831Typical rent range
~22 daysTo find a tenant, on average

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

The last 22 whole-home leases in Tam O'Shanter-Sullivan signed at a median of $2,397 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,696. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.

5.0%
Gross yield
− Property tax $2,793− Condo fees $7,897− Insurance $600− Vacancy & upkeep $3,559Net operating income $17,504

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of SOTHEBY'S INTERNATIONAL REALTY CANADA. MLS®/PropTx.

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