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MLS® E13833840For SaleCondominium

522-3121 Sheppard Ave

Tam O'Shanter-Sullivan, Toronto, Ontario M1T 0B6

Map

Asking$470,000

Bedrooms: 2
Bathrooms: 2
Size: 600–699sq ft
Per sq ft: $724at the range’s middle
Tax a year: $2,4302026 tax year
Built: 0-5
Parking: 11 underground
Days on market: Members

The brief

About 522-3121 Sheppard Ave

522-3121 Sheppard Ave is a 2-bedroom, 2-bathroom condo in Tam O'Shanter-Sullivan, Toronto, listed for sale at an asking price of $470,000 (MLS® E13833840).

Rarely offered two bedrooms + two washrooms beautiful unit; Very functional layout, modern kitchen w/ s/s appliances, convenient location; Step out to bus stand for easy access to subway at Scarborough Town Centre and Fairview Mall, supermarkets, restaurants, banks, 404/401, DVP and more. Amenities incl. exercise room, yoga studio, sports lounge, cards room, party room.

Insights

Condition Score
Fair
66/100
4 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Near break-even
46/100
−$407/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 20 condos with 2 bedrooms for lease in Tam O'Shanter-Sullivan right now. Cost of owning counts the mortgage, property tax and the condo fee.

Condition uses listing-record signals, not an inspection.

$470,000

Estimated market value

Inquire about this listing

ToKassaundra Dobson, Broker of RecordVALERY REAL ESTATE INC.

Listed by CANADA HOME GROUP REALTY INC., Brokerage. Kassaundra is not the listing agent.

The home

Key facts

Tax: $2,430 / 2026
MLS® number: E13833840
Board: TRREB MLS®
Property Type: Condo Apt
Building Age: 0-5
Days on market
Size: 600-699 sqft
Listed on
Parking: 1 Underground, 1 Parking

Listing brokerage: CANADA HOME GROUP REALTY INC.Data source: TRREB MLS®Information deemed reliable but not guaranteed. Contained information is subject to errors, omissions, and changes without notice. Information should be independently verified.

Property details

Property

Property Type: Condo Apt
Style: Apartment
Community: Tam O'Shanter-Sullivan
Municipality: Toronto

Building

Size: 600-699 sqft
Building Age: 0-5
Construction: Concrete

Inside

Bedrooms: 2
Bathrooms: 2
Bathroom Details: 2 × 4pc Main
Basement Type: None
Kitchens: 1

Parking

Garage Type: Underground
Garage: 1
Additional Parking: 0
Total Parking: 1

Utilities

Cooling: Central Air
Heating Type: Forced Air

Additional

Fireplace: No
Den: No
Family room: No
Condo maint.: $559

Rooms

Room details unavailable

The listing source did not provide room-level measurements or features.

Listing history

Buy/sell history for 522-3121 Sheppard Ave, Toronto, Ontario

Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.

Date Start	Date End	List Price	Price	Event	Listing ID
Date StartN/A	N/A	$470,000	N/A	Sc	E13833840

Members see the full history. Prices are hidden from signed-out visitors.

The numbers

Mortgage Calculator

Plan with the current asking price

Asking price Fixed

Interest rate

Mortgage term

Amortization

Down payment20% · $94,000

CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.

Mortgage Details

4.8% · 5-year term · 25-year amortization · 20% down

Total down payment: $94,000
Total mortgage amount: $376,000
Total interest payment: $267,500
Total purchase cost: $737,500
Mortgage payment: $2,145/mo

Cash Flow Analysis

If you rented this home out at 20% down

Mortgage paymentProperty tax (monthly)Rental incomeMaintenance cost

Break-even down payment

35%

Monthly carrying cost

$2,907

−$407per month

Rent $2,500
Shortfall $407

Rental income opens at $2,500, the median asking rent of 20 comparable homes for lease in Tam O'Shanter-Sullivan. Type over it with the rent you expect. This is a planning tool, not advice.

Land transfer tax on this home

Ontario land transfer tax: $5,875
Toronto municipal land transfer tax: $5,875
Total land transfer tax: $11,750
First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475): −$8,475
Total for first-time buyers: $3,275

See how this is worked out

0.5% on the first $55,000: $275
1.0% from $55,000 to $250,000: $1,950
1.5% from $250,000 to $400,000: $2,250
2.0% from $400,000 to $470,000: $1,400
Ontario total: $5,875

Toronto’s municipal tax uses the same brackets at this price, so it adds another $5,875.

An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.

Estimate

Estimated value requires sign in

Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.

The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.

Comparable sales

Comparable sales require sign in

Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.

The land

Land and environment

Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.

17 records · 9 on fileRead 2026-11-05

On record Checked, none on record

Water and conservation4

Not in Toronto and Region Conservation Authority’s mapped regulated areaAt the address
No mapped wetland within 120 m120 m
No water-supply well recorded within 250 m43 test or monitoring holes also recorded.250 m
Groundwater recorded about 11.6 m below ground nearbyThe middle water level in the well records within 500 m (95 records). It changes with the season and from spot to spot.500 m

Toronto and Region Conservation Authority · Province of Ontario open data

Planning and building activity5

Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
15 building permits issued within 250 m in the last 2 years250 m
2 open development applications within 250 mAn application is a proposal: it may change, be refused or never be built.250 m
Nearest airport: 9.6 km9.6 km
Mapped parcel: about 109,870 sq ftMeasured from the municipal parcel map, which can differ from the survey and from the lot size in the listing.At the address

Province of Ontario open data · Municipal building permits · Municipal development applications · toronto.parcels

Around the home1

A trail on the Ontario trail network within 1 km1 km

Province of Ontario open data

Environmental records4

No licensed pit or quarry within 2 km2 km
No recorded oil, gas or salt well within 250 m250 m
No facility within 1 km reports pollutant releases to Environment CanadaOnly facilities above the inventory’s reporting thresholds are listed.1 km
No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km

Province of Ontario open data · Government of Canada open data

Power and internet3

Electricity is distributed here by Toronto Hydro-Electric System LimitedAt the address
Wired internet 50/10 Mbps or faster is listed at a household 40 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (40 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.40 m
Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Beanfield Metroconnect, Bell, CIK Telecom, FibreStream, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Dash Networks, Rogers, Routcom. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide

Ontario Energy Board · Innovation, Science and Economic Development Canada

Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Toronto and Region Conservation Authorityor the record’s publisher.

Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information licensed under the Open Government Licence – Toronto. Contains information made available under the Toronto and Region Conservation Authority Open Data Licence v1.0.

Heritage and ravine protection

Not found on the Heritage Register
Not in a mapped Heritage Conservation District
In the mapped Ravine and Natural Feature Protection area

What this means: Changes outside the house, and tree removal, may need the City’s review on top of the usual permits. Ask the City before you plan work.

City of Toronto Heritage Register, Heritage Conservation Districts and the Ravine and Natural Feature Protection by-law, read at this address from the City’s maps. Contains information licensed under the Open Government Licence – Toronto.

Zoning

Zone

By-law

569-2013

Municipality

Toronto

Open Space Recreation zone (OR)

1 Where this is written
Chapter 90, section 90.30 of By-law 569-2013
2 What that means in practice
These are the zone’s rules, not permission for this lot. What can be built also depends on the exceptions, overlays and setbacks that apply here. Confirm with the City before you plan.

City of Toronto Zoning By-law 569-2013, read at this address from the City’s zoning map. Open the City’s zoning map. Contains information licensed under the Open Government Licence – Toronto.

Permit history

No building permits on file at this address.

Signals around this home

Changing nearby

Changing nearby. 6 open development applications within 800 m of this home.

1800 PHARMACY AVESite planUnder Review
Development comprising of a 22 storey mixed-use building, containing 410 residential units, non-residential GFA of 1598 square metres, a floor space index of 4.31 times the lot area, and 389 parking spaces.

70 m away
2993 SHEPPARD AVE ESite planUnder Review
Development comprising of a 22 storey mixed-use building, containing 410 residential units, non-residential GFA of 1598 square metres, a floor space index of 4.31 times the lot area, and 389 parking spaces.

120 m away
3175 SHEPPARD AVE EOfficial plan or zoning amendmentUnder Review
INACTIVE CLOSED - Refer to the new application: 24 106385 ESC 22 OZDevelopment of a 4-storey residential building with 35 units and 41 vehicle parking spaces.

280 m away
3175 SHEPPARD AVE EOfficial plan or zoning amendmentUnder Review
This is an OPA & Rezoning application. The proposal seeks to redevelop the lands with a 12-storey mixed-use building.

280 m away
3177 SHEPPARD AVE EOfficial plan or zoning amendmentUnder Review
INACTIVE CLOSED - Refer to the new application: 24 106385 ESC 22 OZDevelopment of a 4-storey residential building with 35 units and 41 vehicle parking spaces.

300 m away
3177 SHEPPARD AVE EOfficial plan or zoning amendmentUnder Review
This is an OPA & Rezoning application. The proposal seeks to redevelop the lands with a 12-storey mixed-use building.

300 m away

City of Toronto Open Data — Development Applications and Building Permits (cleared permits since 2017). An application is a proposal: it may change, be refused or never be built. Contains information licensed under the Open Government Licence – Toronto.

The market

Condos for sale in Tam O'Shanter-Sullivan right now

For sale now: 45
Median asking price: $550K
New in 7 days: 2
Price cuts: 31%

This home is asking 15% below the median.

See all homes in Tam O'Shanter-Sullivan

Asking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.

Market area · filters apply to the charts below

City

Community

Property type

The street

Map and tour

Open in maps

Transit nearby

Station	Lines	Distance
Don Mills Station	TTC subway: Line 4 Sheppard	2.4 km
Agincourt GO	GO Transit train: Stouffville	2.9 km
Oriole GO	GO Transit train: Richmond Hill	4 km
Leslie Station	TTC subway: Line 4 Sheppard	4.1 km
Bessarion Station	TTC subway: Line 4 Sheppard	4.8 km

The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: TTC schedule data (GTFS) from the Toronto Transit Commission under the Open Government Licence – Toronto; GO Transit schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – Toronto. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx.

Schools nearby

Elementary	Type	Distance	EQAO average 2024–25
Bridlewood Junior Public SchoolToronto DSB	Public · grades JK–6	600 m	79%Grade 6 average
Vradenburg Junior Public SchoolToronto DSB	Public · grades JK–6	700 m	83%Grade 6 average
St Gerald Catholic SchoolToronto CDSB	Catholic · grades JK–8 · French Immersion	950 m	79%Grade 6 average
ÉÉC Sainte-MadeleineConseil scolaire catholique MonAvenir	French-language Catholic · grades JK–6	1.5 km	75%Grade 6 average

Secondary	Type	Distance	Grade 9 math 2024–25
Caring and Safe School 2Toronto DSB	Public · grades 9–12	900 m	—
Sir John A Macdonald Collegiate InstituteToronto DSB	Public · grades 9–12	1.4 km	55%Grade 9 math
Senator O'Connor College SchoolToronto CDSB	Catholic · grades 9–12 · French Immersion	2.7 km	64%Grade 9 math
École secondaire Étienne-BrûléConseil scolaire Viamonde	French-language public · grades 9–12	5.1 km	77%Grade 9 math

EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.

The verdict

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