$649,900 - 1070 Sheppard Avenue Unit PH16, Downsview
Condo for Sale in Downsview
- MLS Number
- W13157568
- Property Type
- Condo
- Status
- active
- Days on Site
- 26
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 900 sqft
- Neighbourhood
- Downsview / Black Creek
- Locker
- None
- Exposure
- North East
- Balcony
- Open
- Listing Brokerage
- RE/MAX METROPOLIS REALTY
Rare Two-Level Penthouse Offering Approximately 930 Sq.Ft., Two Private Balconies And Two Parking Spaces With Sweeping Unobstructed North-East Views Of Trees, Parkland And The City Skyline. Rarely Available Layout In The Building Combining Two Levels, Two Balconies And Two Secluded Parking Spaces Close To Elevator Access. Main Level Features Bright Open Living And Dining Space With 9 Ft Ceilings, Powder Room And Walkout To Balcony. Thoughtfully Designed With Hallway Closet And Additional Storage Space Under The Staircase. Upper Level Is Accessed By A Private Internal Staircase And Features An Oversized Primary Retreat With Walk-In Closet, Full Bathroom And Private Balcony. Den Conversion Allows For An Exceptionally Large Primary Bedroom. Additional Upper Level Hallway Closet Provides Further Storage. Full Service Building Amenities Include Concierge, Fitness Centre, Indoor Pool, Sauna, Jacuzzi, Theatre Room, Golf Simulator, Party Room And Visitor Parking. Excellent Location With Convenient Access To Sheppard West Subway Station, Downsview Park, Yorkdale Mall, Minutes To Highway401, Shopping And Dining. Maintenance Fee Includes Heat, Water, And Parking. Hydro separate.
Estimate your monthly payments for this property
Estimated Payment
$3,334.32/mo
Includes CMHC insurance ($18,132)
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.
1070 Sheppard Avenue Unit PH16, 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 $722/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 26 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.
Efficient Living
At 900 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
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 $2,708 (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.