$415,000

For sale

#414 5800 Sheppard Avenue East, Toronto (Malvern) - Single Family for Sale

#414 5800 Sheppard Avenue East, Toronto (Malvern), Ontario, M1B5J7

2 beds1 bath1 parking650 ft²$632/mo condo feeListed 37 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $415,000, it is attractively priced about 12% below the $469,888 median asking price in Toronto. It has been on the market 37 days, fresher than the Toronto average of 61 days.

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Description

Welcome to this beautifully renovated 1 Bedroom + Den condo offering approximately 685 sq. ft. of bright, functional living space (MPAC). The open-concept layout features modern finishes, a spacious bedroom, and a versatile den ideal for a home office, guest area, or additional storage. Large windows provide an abundance of natural light throughout the living space. Conveniently located close to public transit, shopping, dining, and easy access to Highway 401. A well-maintained, move-in-ready home offering comfort, functionality, and convenience. Property has been professionally destaged and is ready for your personal touch. (id:66096)

Property Details

MLS®: E13841922
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $632/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $882.41/yr
Listed: 37 days ago

Rooms

Flat

Kitchen: 2.78 x 3 meters
Dining room: 2.87 x 3.1 meters
Living room: 4.67 x 3.1 meters
Primary Bedroom: 3.83 x 3.01 meters
Den: 2.36 x 3 meters

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

Features

Appliances: Washer, Refrigerator, Stove, Dryer, Microwave
Flooring: Laminate
Exterior: Concrete
Lot Features: Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

37d

Toronto (Malvern) listings, avg age

61d

Price / ft²

$639

List price

$415K

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 (Malvern) has been listed for 37 days, which is 24 days fresher than the city average of 61. Act while there is still low competition.

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Listed by RE/MAX WEST REALTY INC. · MINAS HATZIGIANNATZOGLOU

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M1B)

This home lists at $415,000, about 4.6× the local median household income of $91,000.

Carrying it typically needs a household income of about $81,064 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $91,000
Population: 65,555
Median age: 39.6
Owner / renter: 72% / 28%
Avg. household size: 3.2

Source: Statistics Canada, 2021 Census (FSA M1B)

$415,000· $639/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $20,750

Min 5%50%

Mortgage payment$2,186/mo

↳ CMHC premium ($15,770 capitalized)

Property tax (est.)$74/mo

Condo fee$632/mo

Total monthly$2,892

Cash Needed to Close

Down payment (5%)$20,750

Land transfer tax$9,550

Est. closing costs$3,745

Total cash needed$34,045

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