$499,999

For sale

3220 SHEPPARD Avenue East, Toronto - Single Family for Sale

3220 SHEPPARD Avenue East, Toronto, Ontario, M1T3K3

2 beds2 baths1 parking663 ft²$400/mo condo feeListed 141 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 663 sq ft of space. Listed at $499,999, it is attractively priced about 16% below the $595,000 median asking price in Toronto.

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Description

Welcome to East Luxury Condos! This beautifully maintained unit has been freshly repainted and is move-in ready, perfect for the next proud owner to enjoy and care for. Offering a stylish and functional urban living space, the unit features a spacious open-concept layout that seamlessly blends the living and dining areas, ideal for both everyday living and entertaining. The large primary bedroom includes a private ensuite for added comfort, complemented by a second full 2-piece bathroom-perfect for guests or additional convenience. The versatile den provides the perfect nook for a home office, additional workspace, Kid bedroom or playroom . Enjoy the convenience of an eat-in kitchen with ample storage throughout the unit, as well as a lovely private balcony-perfect for relaxing after a long day. Residents have access to exceptional building amenities, including a rooftop garden terrace with stunning city views and barbecue facilities. Located in a highly convenient area with public transit right at your doorstep, and just minutes to parks, Fairview Mall, schools, and major highways. Includes 1 parking space. A fantastic opportunity for first-time buyers, downsizers, or investors! (id:66096)

Property Details

MLS®: 40840420
Property Type: Single Family
Zoning: RA
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 2
Half Baths: 1
Parking: 1
Interior Size: 663 ft²
Storeys: 1
Style: Other
Basement: None
Heating: Natural gas
Cooling: Central air conditioning
Garage: Covered
Condo Fee: $400/mo
Ownership: Condo/Strata
Property Tax

Rooms

Main level

2pc Bathroom
Primary Bedroom: 16'8'' x 9'8''
4pc Ensuite bath
Den: 6'7'' x 10'1''
Kitchen: 12'2'' x 9'5''
Living room: 9'5'' x 10'2''

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Dishwasher, Dryer, Microwave
Exterior: Brick
Lot Features: Southern exposure, Balcony

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

141d

Toronto listings, avg age

58d

Price / ft²

$754

List price

$500K

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.

Haho

This 2-bed single family in Toronto is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by RE/MAX Real Estate Centre Inc. · Phoebe Okereke

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M1T)

This home lists at $499,999, about 7.0× the local median household income of $71,500.

Carrying it typically needs a household income of about $97,667 (20% down, 25-yr amortization, stress-tested) — roughly 37% above the area median.

Median household income: $71,500
Population: 34,607
Median age: 44.8
Owner / renter: 52% / 48%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA M1T)

$499,999· $754/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,999.95

Min 5%50%

Mortgage payment$2,633/mo

↳ CMHC premium ($19,000 capitalized)

Property tax (est.)$170/mo

Condo fee$400/mo

Total monthly$3,203

Cash Needed to Close

Down payment (5%)$25,000

Land transfer tax$12,950

Est. closing costs$4,000

Total cash needed$41,950

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