$343,000

$355,000For salePrice drop↓ $12,000 (3%)

#613 5131 Sheppard Avenue East, Toronto (Malvern) - Single Family for Sale

#613 5131 Sheppard Avenue East, Toronto (Malvern), Ontario, M1B0C8

0 beds1 bath0 parking250 ft²$347/mo condo feeListed 57 days ago

Overview

This 1-bathroom condo in Toronto is for sale offering roughly 250 sq ft of space. Listed at $343,000, it is attractively priced about 28% below the $474,900 median asking price in Toronto. It has been on the market 57 days, fresher than the Toronto average of 61 days.

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Description

Welcome to 5131 Sheppard Ave E! Right at Markham Rd and Sheppard, close to everything ! This bright and inviting condo offers a functional layout designed for everyday living in a convenient Scarborough location. The open-concept living and dining area provides a versatile space to relax or entertain, while the modern kitchen flows seamlessly into the main living area, move-in-ready feel throughout. Ideally situated with easy access to TTC, Highway 401, Minutes from Scarborough Town Centre, U of T Scarborough, Centennial College, dining, parks and everyday essentials. A fantastic opportunity for first-time buyers, downsizers or investors looking to own in a well-connected and growing community. Don't miss your chance to call this one home! (id:66096)

Property Details

MLS®: E13754644
Property Type: Single Family
Bedrooms: 0
Beds (above / below): 0 above · 0 below
Bathrooms: 1
Parking: 0
Interior Size: 250 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $347/mo
Fee Includes: Common Area Maintenance, Water, Insurance
Ownership: Condo/Strata
Property Tax: $1,462.93/yr
Listed: 57 days ago

Rooms

Main level

Bedroom: 3.11 x 3.48 meters
Kitchen: 3.29 x 4.36 meters
Bathroom: 2.93 x 1.74 meters

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

Features

Appliances: Window Coverings
Flooring: Vinyl
Exterior: Concrete, Brick
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

57d

Toronto (Malvern) listings, avg age

61d

Price / ft²

$1,375

List price

$343K

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 single family in Toronto (Malvern) has been listed for 57 days, which is 4 days fresher than the city average of 61. Act while there is still low competition.

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Listed by CENTURY 21 LEADING EDGE REALTY INC. · ANTONIO SAADE HOUSH

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M1B)

This home lists at $343,000, about 3.8× the local median household income of $91,000.

Carrying it typically needs a household income of about $67,000 (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)

$343,000· $1,375/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $17,150

Min 5%50%

Mortgage payment$1,807/mo

↳ CMHC premium ($13,034 capitalized)

Property tax (est.)$122/mo

Condo fee$347/mo

Total monthly$2,275

Cash Needed to Close

Down payment (5%)$17,150

Land transfer tax$7,240

Est. closing costs$3,529

Total cash needed$27,919

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