PH4-1060 Sheppard Avenue, Toronto, ON
York University Heights, Toronto · MLS® W13121786
About this home
Experience the pinnacle of urban elegance in this stunning 2-storey penthouse, perfectly situated in the heart of York University Heights. This meticulously maintained, carpet-free residence spans approximately 1,045 sq. ft. of sophisticated living space, highlighted by soaring 9-foot ceilings and bespoke crystal light fixtures that create an atmosphere of immediate grandeur. The main floor features a seamless open-concept flow, anchored by a gourmet kitchen boasting an oversized granite countertop and high-end finishes with ceiling molding. Relax in the sun-drenched, east-facing living room by the elegant electric fireplace, or step out onto your expansive private terrace-a rare urban oasis perfect for al fresco dining.The second level serves as a true sanctuary, housing two spacious bedrooms and two full 4-piece bathrooms. The primary bedroom is a masterclass in luxury, offering a spa-inspired ensuite complete with a premium frameless glass shower. The second bedroom features a private balcony for quiet moments. With a convenient main-floor powder room, a large-sized locker for ample storage and one underground parking space included, an unbeatable location directly across from Sheppard West Subway Station with easy access to Hwy 401, this penthouse offers a lifestyle of unparalleled comfort and connectivity.
Key facts
- Property type
- Condo Apartment, 2-Storey
- MLS®
- W13121786
- Bedrooms
- 2
- Bathrooms
- 3 (1 half)
- Size
- 1000-1199
- Cross streets
- Sheppard Avenue West and Allen Road
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $785/mo
- Exposure
- East
- Property tax
- $3,736 / 2026
- Days on market
- 70
- Listing brokerage
- Infinite Real Estate
Rooms
combined w/kitchen · window
W/O To Balcony
Combined w/Dining
walk-in closet(s) · window
w/o to balcony · closet
Listed at $734,000, this home is about 19% above what comparable homes suggest. The number above is my independent estimate of value, not the asking price.
Priced above comparable homes overall, but the price per square foot ($668/sqft) is below the area, so you are paying for extra space rather than a premium.
In York University Heights lately, sellers have been getting about 100% of asking and homes sell in about 41 days.
There were not many closely comparable homes right in York University Heights, so I widened the search to the surrounding area.
Based on 55 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 55 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $802K, higher than the comparables and worth a second look.
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, sold for $405K
- Bathrooms +$8K
- Adjusts to $413K
That comparable adjusts to $413K; the $619K estimate above is the median of all 55 comparables, which is steadier than any single home.This estimate is grounded in actual closing prices from the last 15 months, not asking prices. Lot, condition, and finishes are still my in-person call.
Its public catchment (William Lyon Mackenzie Collegiate Institute) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
Total price vs nearby homes. Fair value about $619K, median of 55 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.
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Open-concept layout: modern, sought-after flow. Lifestyle
- Sold as-is / needs work: budget for renovation, the price should reflect the condition. Weigh carefully
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 8% below the area average of $727/sqft.
69 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
York University Heights, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
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 23, 2026); conventional rates run a little higher.
Mortgage amount $587,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,134
- Property tax
- $311
- Condo / maintenance fees
- $785
- Heating
- $0
- Estimated monthly cost
- $4,230
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $11,155
- Toronto municipal land transfer tax
- $11,155
- Estimated closing costs
- $22,310
Plus your down payment of $146,800. 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
- $188,011
- Principal paid down
- $74,780
- Interest paid
- $113,231
- Balance remaining
- $512,420
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 Infinite Real Estate. MLS®/PropTx.