$749,000 - 1060 Sheppard Avenue Unit PH4, Downsview
Condo for Sale in Downsview
36 days on market- MLS Number
- W13121786
- Property Type
- Condo
- Status
- active
- Days on Site
- 36
- Bedrooms
- 2
- Bathrooms
- 3
- Square Feet
- 1,000 sqft
- Neighbourhood
- Downsview / Black Creek
- Locker
- Owned
- Exposure
- East
- Balcony
- Terrace
- Listing Brokerage
- Infinite Real Estate
Experience the pinnacle of urban elegance in this stunning 2-storey penthouse, perfectly situated in the heart of York University Heights. This meticulously maintained, carpet-free residence spans approximately 1,045 sq. ft. of sophisticated living space, highlighted by soaring 9-foot ceilings and bespoke crystal light fixtures that create an atmosphere of immediate grandeur. The main floor features a seamless open-concept flow, anchored by a gourmet kitchen boasting an oversized granite countertop and high-end finishes with ceiling molding. Relax in the sun-drenched, east-facing living room by the elegant electric fireplace, or step out onto your expansive private terrace-a rare urban oasis perfect for al fresco dining.The second level serves as a true sanctuary, housing two spacious bedrooms and two full 4-piece bathrooms. The primary bedroom is a masterclass in luxury, offering a spa-inspired ensuite complete with a premium frameless glass shower. The second bedroom features a private balcony for quiet moments. With a convenient main-floor powder room, a large-sized locker for ample storage and one underground parking space included, an unbeatable location directly across from Sheppard West Subway Station with easy access to Hwy 401, this penthouse offers a lifestyle of unparalleled comfort and connectivity.
Estimate your monthly payments for this property
Estimated Payment
$3,842.76/mo
Includes CMHC insurance ($20,897)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Downsview / Black Creek
Downsview / Black Creek is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Downsview / Black Creek
- •Convenient location in Downsview / Black Creek
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Downsview / Black Creek offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
1060 Sheppard Avenue Unit PH4, Downsview / Black Creek
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $749/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 36 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Investment Perspective
Looking at this as an investment: Downsview properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,121 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.