206-205 Sherway Gardens Rd
Islington-City Centre West, Toronto, Ontario M9C 0A5
- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 700–799sq ft
- Per sq ft
- $630at the range’s middle
- Tax a year
- $2,4812025 tax year
- Parking
- 11 underground
- Days on market
- Members
The brief
About 206-205 Sherway Gardens Rd
206-205 Sherway Gardens Rd is a 1-bedroom, 1-bathroom condo in Islington-City Centre West, Toronto, listed for sale at an asking price of $472,000 (MLS® W13714482).
Bright, refined, and exceptionally well-located, this 712 square foot,1-bedroom, 1-bathroom suite offers a seamless blend of comfort and everyday convenience. Positioned just outside the city core, the spacious and classic layout is ideal for both quiet evenings and effortless entertaining. Thoughtfully designed, featuring a spacious bedroom with excellent closet space, expansive windows and rare 9 ft ceilings invite natural light throughout, and enhances the suite's warm and welcoming feel. Perfectly situated for those seeking connectivity without compromise, the Sherway transit hub is just steps away, providing direct access into Toronto, subway stations, the GO train, and Mississauga transit. Nearby parks and scenic paths offer a peaceful escape, while Sherway Gardens Mall is moments from your door, delivering an exceptional mix of shopping, dining, and everyday essentials. Countless medical specialists & Trillium Health Centre are steps away, offering excellent nearby healthcare. Walmart, Costco, IKEA are close by to add to the conveniences. Residents enjoy a fully equipped fitness centre, yoga studio with classes, indoor swimming pool, hot tub, steam room, and dual dry saunas, and a sun deck invites warm summer evenings. Entertain in the party room or theatre room, unwind in the billiards lounge, host guests in the on-site guest suite, or take meetings in the quiet study room. A 24-hour concierge ensures seamless living, with ample visitor parking for added convenience. 205 Sherway Gardens is a well-balanced offering in a highly convenient setting, ideal for those looking to enjoy both urban access and a quieter pace of living.
Insights
Condition Score
Fair66/1004 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall34/100−$790/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 26 condos with 1 bedroom for lease in Islington-City Centre West right now. Cost of owning counts the mortgage, property tax and the condo fee.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $2,481 / 2025
- MLS® number
- W13714482
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Days on market
- Size
- 700-799 sqft
- Listed on
- Parking
- 1 Underground, 1 Parking
Property details
Property
- Property Type
- Condo Apt
- Style
- Apartment
- Community
- Islington-City Centre West
- Municipality
- Toronto
Building
- Size
- 700-799 sqft
- Construction
- Brick
Inside
- Bedrooms
- 1
- Bathrooms
- 1
- Bathroom Details
- 1 × 4pc
- 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
- Extras
- All existing light fixtures and window coverings, stove, fridge, Dishwasher, washer, dryer,
- Condo maint.
- $654
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 3.02 × 7.13 m | W/O To Balcony | Main |
| Br | 2.93 × 2.99 m | Window, Closet | Main |
| Bathroom | 1.7 × 2.77 m | Combined W/Laundry | Main |
Listing history
Buy/sell history for 206-205 Sherway Gardens Rd, 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 | $472,000 | N/A | Sc | W13714482 |
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
- $94,400
- Total mortgage amount
- $377,600
- Total interest payment
- $268,600
- Total purchase cost
- $740,600
- Mortgage payment
- $2,154/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
49%Monthly carrying cost
$3,015- Rent $2,225
- Shortfall $790
Rental income opens at $2,225, the median asking rent of 26 comparable homes for lease in Islington-City Centre West. 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
- $5,915
- Toronto municipal land transfer tax
- $5,915
- Total land transfer tax
- $11,830
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $3,355
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 $472,000
- $1,440
- Ontario total
- $5,915
Toronto’s municipal tax uses the same brackets at this price, so it adds another $5,915.
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
Heritage and ravine protection
- Not found on the Heritage Register
- Not in a mapped Heritage Conservation District
- Not in the mapped ravine protection area
What this means: None of these City records was found at this address. That does not rule out other approvals, such as a conservation authority permit, so check 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
By-law
See Former City of Etobicoke By-Law No. 11,737What this means:the City’s 2013 zoning by-law does not cover this land, so the former municipality’s by-law still sets what may be built. Confirm the rules with the City before you plan.
City of Toronto zoning map, read at this address. Open the City’s zoning map. Contains information licensed under the Open Government Licence – Toronto.
Permit history
8 building permits cleared at this address in the City’s file.
Other(BA)Closed
Proposed removal and disposal of the interior fountain overburden, fountain slab and waterproofing (everything to structural slab).
Issued September 17, 2019
New BuildingRevision Issued
Revision 01 - Proposal to get ride of retail area and replace with 8 additional units. (To construct new 23-storey residential condominium building (bldg. D) containing 270 units, retail area on ground floor and three levels of underground parking.)NOTE; NO RETAIL CREDIT FOR EDC AND DC CHARGES SINCE THESE WERE NEVER CHARGED DUE TO APPLICATION BEFORE COFA.
Issued August 15, 2013
Building Permit Related(PS)Revision Issued
Revision 01 - Proposal to get ride of retail area and replace with 8 additional units.(Plumbing - To construct new 23-storey residential condominium building (bldg. D) containing 270 units, retail area on ground floor and three levels of underground parking.)
Issued August 15, 2013
Electromagnetic LocksClosed
To install 7 Electromagnetic Locks to new Condominium Apartment Building.
Issued May 24, 2013
SprinklersInspection
Proposal to alter sprinkler system on ground floor.(tower "D")
Issued May 14, 2013
Building Permit Related(MS)Inspection
HVAC - To construct new 23-storey residential condominium building (bldg. D) containing 270 units, retail area on ground floor and three levels of underground parking.
Issued May 7, 2012
Building Permit Related (DR)Inspection
Drain - To construct new 23-storey residential condominium building (bldg. D) containing 270 units, retail area on ground floor and three levels of underground parking.
Issued April 28, 2011
Inside and Outside DrainsClosed - Dormant
Site Services - To construct new 23-storey residential condominium building (bldg. D) containing 270 units, retail area on ground floor and three levels of underground parking.
Issued January 26, 2011
City of Toronto Open Data — cleared building permits, which begin in 2017. Contains information licensed under the Open Government Licence – Toronto.
Signals around this home
Changing nearby. 4 open development applications within 800 m of this home.
25 THE WEST MALLOfficial plan or zoning amendmentUnder Review
To amend the zoning by-law to permit Phase 1 of a proposed mixed-use multi-phased development including retail and daycare at grade with residential above, a public park and a new shopping mall entrance on the north portion of the site. The proposal would include three buildings with 4 tower elements ranging in height from 30 to 45 storeys with a total of 1,578 residential dwelling units and a total Gross Floor Area of 118,392 square metres. The existing shopping mall would be retained.
240 m away25 THE WEST MALLOfficial plan or zoning amendmentUnder Review
Proposed OPA Application for the removal of Street A.
240 m away25 THE WEST MALLPlan of subdivisionUnder Review
Proposed Draft Plan of Subdivision Application to divide Phase 1 of the mixed-use multi-phased development on the northern portion of the site into three new blocks to accommodate the development block (Block 1); park block (Block 2); and Right-Of-Way boulevard block (Block 3). Blocks 2 and 3 delineate areas proposed to be conveyed to the City through the development approval process, including the boundary for the new public park and Right-Of-Way Boulevard along The Queensway.
240 m away1750 THE QUEENSWAYPlan of subdivisionUnder Review
600 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 Islington-City Centre West right now
- For sale now
- 163
- Median asking price
- $500K
- New in 7 days
- 17
- Price cuts
- 21%
Middle half: $449K to $600K
66 in 28 days
34 listings
This home is asking 6% below the median.
See all homes in Islington-City Centre WestAsking 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
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Dixie GO | GO Transit train: Milton | 1.7 km |
| Long Branch GO | GO Transit train: Lakeshore West | 2.2 km |
| Kipling Station | TTC subway: Line 2 Bloor-DanforthGO Transit train: Milton | 3.5 km |
| Islington Station | TTC subway: Line 2 Bloor-Danforth | 4.7 km |
| Mimico GO | GO Transit train: Lakeshore West | 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 |
|---|---|---|---|
| Lanor Junior Middle SchoolToronto DSB | Public · grades JK–8 | 1 km | 74%Grade 6 average |
| Sir Adam Beck Junior SchoolToronto DSB | Public · grades JK–5 · French Immersion | 1.1 km | 86%Grade 3 average |
| St Edmund Separate SchoolDufferin-Peel CDSB | Catholic · grades JK–8 | 2 km | 96%Grade 6 average |
| École élémentaire Micheline-Saint-CyrConseil scolaire Viamonde | French-language public · grades JK–6 | 2.5 km | 76%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Lakeshore Collegiate InstituteToronto DSB | Public · grades 9–12 · French Immersion | 3.2 km | 42%Grade 9 math |
| Glenforest Secondary SchoolPeel DSB | Public · grades 9–12 | 3.4 km | 58%Grade 9 math |
| Silverthorn Collegiate InstituteToronto DSB | Public · grades 9–12 | 3.6 km | 53%Grade 9 math |
| Father John Redmond Catholic Secondary SchoolToronto CDSB | Catholic · grades 9–12 | 3.7 km | 75%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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Sold prices in Islington-City Centre West are shown to signed-in members.