206-205 Sherway Gardens Road, Toronto, ON
Islington-City Centre West, Toronto · MLS® W13100102
About this home
Bright, refined, and exceptionally well-located, this 712 square foot,1-bedroom, 1-bathroom suite offers a seamless blend of comfort and everyday convenience. Positioned just outside the city core, the spacious and classic layout is ideal for both quiet evenings and effortless entertaining. Thoughtfully designed, featuring a spacious bedroom with excellent closet space, expansive windows and rare 9 ft ceilings invite natural light throughout, and enhances the suite's warm and welcoming feel. Perfectly situated for those seeking connectivity without compromise, the Sherway transit hub is just steps away, providing direct access into Toronto, subway stations, the GO train, and Mississauga transit. Nearby parks and scenic paths offer a peaceful escape, while Sherway Gardens Mall is moments from your door, delivering an exceptional mix of shopping, dining, and everyday essentials. Countless medical specialists & Trillium Health Centre are steps away, offering excellent nearby healthcare. Walmart, Costco, IKEA are close by to add to the conveniences. Residents enjoy a fully equipped fitness centre, yoga studio with classes, indoor swimming pool, hot tub, steam room, and dual dry saunas, and a sun deck invites warm summer evenings. Entertain in the party room or theatre room, unwind in the billiards lounge, host guests in the on-site guest suite, or take meetings in the quiet study room. A 24-hour concierge ensures seamless living, with ample visitor parking for added convenience. 205 Sherway Gardens is a well-balanced offering in a highly convenient setting, ideal for those looking to enjoy both urban access and a quieter pace of living.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- W13100102
- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 700-799
- Cross streets
- Evans Ave & West Mall
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Maintenance
- $654/mo
- Exposure
- East
- Property tax
- $2,481 / 2025
- Days on market
- 70
- Listing brokerage
- SOTHEBY'S INTERNATIONAL REALTY CANADA
Rooms
Combined w/Laundry
window · closet
W/O To Balcony
Listed at $489,000, this home is right in line with comparable homes. The number above is my independent estimate of value, not the asking price.
Based on 42 similar homes nearby, adjusted for size, beds, and baths.Median of 42 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $547K, a close match.
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 $549K
- Bedrooms −$30K
- Adjusts to $519K
That comparable adjusts to $519K; the $513K estimate above is the median of all 42 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 Lanor Junior Middle School. 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 very walkable address with everyday errands close by. Sherway Gardens Rd at Sherway Gate Mall) is about a 1-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $513K, median of 42 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.
- Weigh carefully
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 3 closest active listings nearby.
See all comparable homesThis home lists 14% below the area average of $754/sqft.
On the market now.
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Islington-City Centre West, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Very WalkableA 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.
Most daily errands can be done on foot.
🚉 Nearest transit: Sherway Gardens Rd at Sherway Gate Mall), about 51 m away
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 $391,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,088
- Property tax
- $207
- Condo / maintenance fees
- $654
- Heating
- $0
- Estimated monthly cost
- $2,948
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $6,255
- Toronto municipal land transfer tax
- $6,255
- Estimated closing costs
- $12,510
Plus your down payment of $97,800. 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
- $125,255
- Principal paid down
- $49,819
- Interest paid
- $75,436
- Balance remaining
- $341,381
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 SOTHEBY'S INTERNATIONAL REALTY CANADA. MLS®/PropTx.