- Bedrooms
- 6+1
- Bathrooms
- 3
- Size
- 1,500–2,000sq ft
- Per sq ft
- $1,479at the range’s middle
- Lot
- 50 x 117.67 ft
- Tax a year
- $10,6962026 tax year
- Parking
- 13none
- Days on market
- Members
The brief
About 204 Sheppard Ave
204 Sheppard Ave is a 6+1-bedroom, 3-bathroom triplex in Lansing-Westgate, Toronto, listed for sale at an asking price of $2,588,000 (MLS® C13808146).
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.
Insights
Condition Score
Good68/1006 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall29/100−$3,898/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 13 homes with 7 bedrooms for lease in Toronto right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $10,696 / 2026
- MLS® number
- C13808146
- Board
- TRREB MLS®
- Property Type
- Triplex
- Days on market
- Size
- 1500-2000 sqft
- Lot Size
- 50 x 117.67 ft
- Listed on
- Parking
- None, 13 Parking
Property details
Property
- Property Type
- Triplex
- Style
- 2-Storey
- Community
- Lansing-Westgate
- Municipality
- Toronto
Building
- Size
- 1500-2000 sqft
- Construction
- Brick
Inside
- Bedrooms
- 6+1
- Bathrooms
- 3
- Bathroom Details
- 1 × 4pc Ground, 1 × 4pc 2nd, 1 × 4pc Bsmt
- Basement Type
- Apartment
- Kitchens
- 2
Parking
- Garage Type
- None
- Additional Parking
- 13
- Total Parking
- 13
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Land
- Sewer
- Sewers
- Frontage
- 50 ft
- Depth
- 117.67 ft
- Lot Size
- 50 x 117.67 ft
Additional
- Fireplace
- No
- Pool
- None
- Den
- No
- Family room
- No
- Extras
- 3 stoves, 3 fridges, 1 washer/dryer, all window coverings and lighting fixtures.
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Kitchen | 1.6 × 2.3 m | Ceramic Floor, Ceramic Back Splash, Open Concept | Ground |
| Dining | 4.12 × 3.45 m | Laminate, Open Concept, Combined W/Living | Ground |
| Living | 4.12 × 3.45 m | Laminate, Open Concept, Combined W/Dining | Ground |
| Br | 3.58 × 3.25 m | Laminate, Window, Closet | Ground |
| 2nd Br | 4.09 × 3.15 m | Laminate, Window, Closet | Ground |
| 3rd Br | 3.18 × 3.28 m | Laminate, Window, Closet | Ground |
| Kitchen | 2.35 × 4.25 m | Ceramic Floor, Ceramic Back Splash, Open Concept | 2nd |
| Living | 5.2 × 3.9 m | Broadloom, Open Concept, Combined W/Dining | 2nd |
| Dining | 3.63 × 3.65 m | Broadloom, Open Concept, Combined W/Living | 2nd |
| 4th Br | 3.72 × 3.63 m | Broadloom, Window, Closet | 2nd |
| 5th Br | 3.25 × 3.63 m | Broadloom, Window, Closet | 2nd |
| Br | 2.8 × 3.08 m | Broadloom, Window, Closet | 2nd |
| Kitchen | 3.2 × 3.0 m | Ceramic Floor, Ceramic Back Splash, Open Concept | Bsmt |
| Living | 5.2 × 3.9 m | Ceramic Floor, Open Concept, Combined W/Dining | Bsmt |
| Dining | 5.2 × 3.9 m | Ceramic Floor, Ceramic Back Splash, Open Concept | Bsmt |
| Br | 3.9 × 5.45 m | Ceramic Floor, Window | Bsmt |
Listing history
Buy/sell history for 204 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 | $2,588,000 | N/A | For Sale | C13808146 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
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
- $517,600
- Total mortgage amount
- $2,070,400
- Total interest payment
- $1,471,700
- Total purchase cost
- $4,059,700
- Mortgage payment
- $11,807/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
46%Monthly carrying cost
$12,698- Rent $8,800
- Shortfall $3,898
Rental income opens at $8,800, the median asking rent of 13 comparable homes for lease in Toronto. 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
- $51,175
- Toronto municipal land transfer tax
- $51,175
- Total land transfer tax
- $102,350
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $93,875
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 $2,000,000
- $32,000
- 2.5% from $2,000,000 to $2,588,000
- $14,700
- Ontario total
- $51,175
Toronto’s municipal tax uses the same brackets at this price, so it adds another $51,175.
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
Lot
- Lot area
- 5,884 sq ft547 m²
- Street frontage
- 50 ft15.2 m
- Depth
- 117.67 ft35.9 m
The area is the frontage multiplied by the depth, so boundaries are approximate. Confirm with a survey before you buy.
Source: the MLS® listing record.
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation3
- 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 m12 test or monitoring holes also recorded.250 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
- 26 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: 3.3 km3.3 km
- Mapped parcel: about 5,900 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
- 1 federal contaminated site within 1 kmAll of them are closed. The federal inventory covers federal land only, not 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 30 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (30 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.30 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Beanfield Metroconnect, Bell, CIK Telecom, FibreStream. Cable: Rogers. DSL: Bell. Fixed wireless: Rogers, Routcom, SkyChoice Communications. 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
Zoning
Permit history
No building permits on file at this address.
Signals around this home
Changing nearby. 6 open development applications within 800 m of this home.
202 SHEPPARD AVE WSite planUnder Review
Site Plan application to construct a 6 storey office building. The proposed building would have a total of 1134.96 sqm of gross floor area.
20 m away202 SHEPPARD AVE WOfficial plan or zoning amendmentOMB Appeal
OLT approved; Official Plan and Zoning Bylaw Amendment application to permit a 6 storey residential building with 24 unit. The revised GFA is 1715 sq m (FSI is 3.62 times ).
20 m away283 SHEPPARD AVE WOfficial plan or zoning amendmentUnder Review
OPA & Rezoning Application proposes the development of an 14-storey residential building. The building will provide a total of 139 residential units, being a mix of 1-bedroom, 2-bedroom, and 3-bedroom units. A paved access from Sheppard Ave W will be provided, leading to 1 level of below-grade parking, providing a total of 28 parking spaces; as well as 104 bicycle parking spaces. The proposed development provides a total GFA of 9596 square metres and a FSI of 7.8. Additionally, the proposed development provides 308 square metres of indoor amenity space and 248 square metres of outdoor amenity space.
300 m away291 SHEPPARD AVE WOfficial plan or zoning amendmentUnder Review
OPA & Rezoning Application proposes the development of an 14-storey residential building. The building will provide a total of 139 residential units, being a mix of 1-bedroom, 2-bedroom, and 3-bedroom units. A paved access from Sheppard Ave W will be provided, leading to 1 level of below-grade parking, providing a total of 28 parking spaces; as well as 104 bicycle parking spaces. The proposed development provides a total GFA of 9596 square metres and a FSI of 7.8. Additionally, the proposed development provides 308 square metres of indoor amenity space and 248 square metres of outdoor amenity space.
320 m away290 SHEPPARD AVE WSite planUnder Review
INACTIVE Site Plan application for the proposal to construct a 6 storey hotel with a total of 6 parking spaces.
320 m away293 SHEPPARD AVE WOfficial plan or zoning amendmentUnder Review
OPA & Rezoning Application proposes the development of an 14-storey residential building. The building will provide a total of 139 residential units, being a mix of 1-bedroom, 2-bedroom, and 3-bedroom units. A paved access from Sheppard Ave W will be provided, leading to 1 level of below-grade parking, providing a total of 28 parking spaces; as well as 104 bicycle parking spaces. The proposed development provides a total GFA of 9596 square metres and a FSI of 7.8. Additionally, the proposed development provides 308 square metres of indoor amenity space and 248 square metres of outdoor amenity space.
330 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
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Sheppard-Yonge Station | TTC subway: Line 1 Yonge-University, Line 4 Sheppard | 800 m |
| North York Centre Station | TTC subway: Line 1 Yonge-University | 1.2 km |
| York Mills Station | TTC subway: Line 1 Yonge-University | 2 km |
| Finch Station | TTC subway: Line 1 Yonge-UniversityYRT bus rapid transit: Viva Blue | 2.4 km |
| Oriole GO | GO Transit train: Richmond Hill | 4.6 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; YRT schedule data (GTFS) from York Region Transit under the YRT Open Data Licence 2.0, 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. Contains public transit Information made available under YRT's Open Data Licence.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Cameron Public SchoolToronto DSB | Public · grades JK–5 | 550 m | 81%Grade 3 average |
| St Edward Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 900 m | 82%Grade 6 average |
| Claude Watson School for the ArtsToronto DSB | Public · grades 1–8 | 1.2 km | 96%Grade 6 average |
| École élémentaire Paul-DemersConseil scolaire Viamonde | French-language public · grades JK–6 | 4.9 km | 95%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Cardinal Carter Academy for the ArtsToronto CDSB | Catholic · grades 9–12 | 1 km | 87%Grade 9 math |
| Earl Haig Secondary SchoolToronto DSB | Public · grades 9–12 | 1.6 km | 84%Grade 9 math |
| Loretto Abbey Catholic Secondary SchoolToronto CDSB | Catholic · grades 9–12 | 2.2 km | 64%Grade 9 math |
| ÉSC Monseigneur-de-CharbonnelConseil scolaire catholique MonAvenir | French-language Catholic · grades 9–12 | 3 km | 63%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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