506-3220 Sheppard Ave
Tam O'Shanter-Sullivan, Toronto, Ontario M1T 3K3
- Bedrooms
- 1+1
- Bathrooms
- 2
- Size
- 800–899sq ft
- Per sq ft
- $623at the range’s middle
- Built
- New
- Parking
- 11 underground
- Days on market
- Members
The brief
About 506-3220 Sheppard Ave
506-3220 Sheppard Ave is a 1+1-bedroom, 2-bathroom condo in Tam O'Shanter-Sullivan, Toronto, listed for sale at an asking price of $529,500 (MLS® E13785102).
HST incentives of 13% has been credited. This brand-new, never-lived-in with tarion warranty 821 sq. ft. unit offers modern living with an impressive 43 sq. ft. balcony and unobstructed views. The thoughtfully designed Modified Floor Plan features an elegant primary bedroom with double large sliding-door closets and a stylish glass-railing barn door. The spacious second bedroom is generously sized, complete with its own door and sliding-door closet, offering excellent flexibility for a bedroom, home office, or den. Enjoy 1 parking space with the option to purchase a locker. Maintenance fee is $0.67/SF. Not an assignment sale-this is a direct inventory sale from the builder, offering buyers the opportunity to own a pristine, never-occupied unit in this sought-after community. Move-in ready and ideally suited for end-users and investors alike!
Insights
Condition Score
Fair66/1004 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Covers costs63/100+$83/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 and the condo fee. This record states no property tax.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- MLS® number
- E13785102
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Building Age
- New
- Days on market
- Size
- 800-899 sqft
- Listed on
- Parking
- 1 Underground, 1 Parking
Property details
Property
- Property Type
- Condo Apt
- Style
- Apartment
- Community
- Tam O'Shanter-Sullivan
- Municipality
- Toronto
Building
- Size
- 800-899 sqft
- Building Age
- New
- Construction
- Concrete
Inside
- Bedrooms
- 1+1
- Bathrooms
- 2
- Bathroom Details
- 1 × 4pc Main, 1 × 3pc 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.
- $1
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 3.66 × 3.66 m | Combined W/Dining, Laminate, W/O To Balcony | Main |
| Dining | 3.66 × 3.66 m | Combined W/Living, Laminate, W/O To Balcony | Main |
| Kitchen | 1.83 × 3.05 m | Laminate, Stainless Steel Appl, Granite Counter | Main |
| Primary | 3.05 × 3.66 m | 3 Pc Ensuite, Closet, Double Closet | Main |
| Br | 3.05 × 3.05 m | Laminate, Closet, 4 Pc Bath | Main |
Listing history
Buy/sell history for 506-3220 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 | $529,500 | N/A | Pc | E13785102 |
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
- $105,900
- Total mortgage amount
- $423,600
- Total interest payment
- $301,200
- Total purchase cost
- $830,700
- Mortgage payment
- $2,416/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
17%Monthly carrying cost
$2,417- Carrying cost $2,417
- Surplus $83
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
- $7,065
- Toronto municipal land transfer tax
- $7,065
- Total land transfer tax
- $14,130
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $5,655
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 $529,500
- $2,590
- Ontario total
- $7,065
Toronto’s municipal tax uses the same brackets at this price, so it adds another $7,065.
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
Zone
ONBy-law
569-2013Municipality
Toronto1 Where this is written
Chapter 90, section 90.20 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
6 building permits cleared at this address in the City’s file.
New BuildingClosed
Proposed new 18-storey residential condominium, 234 suites with 3 levels of underground garage.
Issued September 26, 2019
Building Permit Related(PS)Closed
Plumbing - Proposed new 18-storey residential condominium, 234 suites with 3 levels of underground garage.
Issued June 10, 2019
Building Permit Related(MS)Closed
HVAC - Proposed new 18-storey residential condominium, 234 suites with 3 levels of underground garage.
Issued June 10, 2019
Partial Permit - Structural FramingClosed
Part Permit - Proposed new 18-storey residential condominium, 234 suites with 3 levels of underground garage.
Issued April 11, 2019
Inside and Outside DrainsClosed
Drain - Proposed new 18-storey residential condominium, 234 suites with 3 levels of underground garage.
Issued April 9, 2019
Partial Permit - ShoringClosed
Part Permit - Proposed new 18-storey residential condominium, 234 suites with 3 levels of underground garage.
Issued October 31, 2018
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. 6 open development applications within 800 m of this home.
3252 SHEPPARD AVE EOfficial plan or zoning amendmentApplication Received
40 m away3195 SHEPPARD AVE EOfficial plan or zoning amendmentUnder Review
To permit the development of a 14-storey mixed-use building (exclusive of the mechanical penthouse) containing 241 dwelling units and 60 m2 of non-residential gross floor area, 133 vehicular parking spaces, 154 bike parking spaces, and 1 type "G" loading space.
90 m away3260 SHEPPARD AVE ECondominiumUnder Review
Phased Draft Plan of Condominium for 176 residential dwelling units.
140 m away3260 SHEPPARD AVE ESite planUnder Review
Site Plan Amending Application for the previously approved Site Plan No. 13 -240117 ESC 40 SA related to Phase 3 of the development located on the newly constructed road, 2 Cherry Blossom Gardens. The intent of this application is to increase the number of residential units from 805 to 821.
140 m away3181 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.
160 m away3181 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.
160 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%
Middle half: $470K to $615K
14 in 28 days
14 listings
This home is asking 4% below the median.
See all homes in Tam O'Shanter-SullivanAsking 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 |
|---|---|---|
| Agincourt GO | GO Transit train: Stouffville | 2.4 km |
| Don Mills Station | TTC subway: Line 4 Sheppard | 2.8 km |
| Oriole GO | GO Transit train: Richmond Hill | 4.4 km |
| Leslie Station | TTC subway: Line 4 Sheppard | 4.5 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 | 350 m | 79%Grade 6 average |
| Vradenburg Junior Public SchoolToronto DSB | Public · grades JK–6 | 550 m | 83%Grade 6 average |
| Holy Spirit Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 850 m | 75%Grade 6 average |
| ÉÉC Sainte-MadeleineConseil scolaire catholique MonAvenir | French-language Catholic · grades JK–6 | 1.9 km | 75%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Caring and Safe School 2Toronto DSB | Public · grades 9–12 | 1.2 km | — |
| Stephen Leacock Collegiate InstituteToronto DSB | Public · grades 9–12 | 1.2 km | 47%Grade 9 math |
| Senator O'Connor College SchoolToronto CDSB | Catholic · grades 9–12 · French Immersion | 3.1 km | 64%Grade 9 math |
| École secondaire Étienne-BrûléConseil scolaire Viamonde | French-language public · grades 9–12 | 5.5 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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Sold prices in Tam O'Shanter-Sullivan are shown to signed-in members.