$2,588,000
Toronto
204 Sheppard Avenue West, Toronto (Lansing-Westgate), Ontario, M2N1N1
This multi-family property in Toronto is for sale offering roughly 1,750 sq ft of space. It has been on the market 44 days, fresher than the Toronto average of 86 days.
Rare opportunity to own a well-maintained, newer mixed-use building (built in 2004) in the highly sought-after Yonge & Sheppard corridor, just a short walk to the Yonge-Sheppard subway station and minutes from Highway 401. Zoned for both commercial and residential use, this versatile property offers exceptional flexibility for investors, owner-users, and future redevelopment opportunities. The building features three self-contained levels with separate entrances, each approximately 962 sq. ft. The main floor boasts 9-foot ceilings and pot lights throughout, while the second floor offers abundant natural light through a skylight. The lower level features 8-foot ceilings and eight large above-grade windows, creating a bright and functional space. Situated on a generous lot with 13 parking spaces, the property is ideal for a wide range of professional and commercial uses, including medical, legal, educational, and consulting offices, while also accommodating residential occupancy. Generate income from up to three separate units plus parking rentals, or occupy part of the building while leasing the remainder. Located in the heart of North York's rapidly evolving downtown core, the property is surrounded by numerous approved and proposed residential and commercial developments, with convenient access to two subway lines. Recent upgrades include a new gas furnace and central air conditioner (2025).An exceptional opportunity to invest, operate, or position yourself for future growth in one of Toronto's most dynamic urban centers. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 44 days on market, against an average age of 86 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This 7-bed multi-family in Toronto (Lansing-Westgate) has been listed for 44 days, which is 42 days fresher than the city average of 86. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $2,588,000, about 31.6× the local median household income of $82,000.
Carrying it typically needs a household income of about $505,527 (20% down, 25-yr amortization, stress-tested) — roughly 516% above the area median.
Source: Statistics Canada, 2021 Census (FSA M2N)
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Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.