115 Bonis Avenue Unit 109, Toronto E05

Price: $459,000

2 bedrooms, 2 bathrooms

1,000 sqft

Property Type: Condo

MLS#: E13081076

The Gardens by Sheppard Village is a premier senior living building located in the heart of Scarborough. This exclusive lifetime lease community offers safe luxurious living close to shopping and senior services. Sheppard Village has been designed for those 65 years of age and older who seek independent living within a retirement community. This Marigold plus model features two generously sized bedrooms with two washrooms. Ensuite Laundry underground parking and a storage locker round out this spacious condo.

115 Bonis Avenue Unit 109 - Condo photo 1 of 16 in Scarborough Village / Eglinton East, Ontario
115 Bonis Avenue Unit 109 - Condo photo 2 of 16 in Scarborough Village / Eglinton East, Ontario
115 Bonis Avenue Unit 109 - Condo photo 3 of 16 in Scarborough Village / Eglinton East, Ontario
115 Bonis Avenue Unit 109 - Condo photo 4 of 16 in Scarborough Village / Eglinton East, Ontario
115 Bonis Avenue Unit 109 - Condo photo 5 of 16 in Scarborough Village / Eglinton East, Ontario
115 Bonis Avenue Unit 109 - Condo photo 6 of 16 in Scarborough Village / Eglinton East, Ontario
115 Bonis Avenue Unit 109 - Condo photo 7 of 16 in Scarborough Village / Eglinton East, Ontario
115 Bonis Avenue Unit 109 - Condo photo 8 of 16 in Scarborough Village / Eglinton East, Ontario
115 Bonis Avenue Unit 109 - Condo photo 9 of 16 in Scarborough Village / Eglinton East, Ontario
115 Bonis Avenue Unit 109 - Condo photo 10 of 16 in Scarborough Village / Eglinton East, Ontario
115 Bonis Avenue Unit 109 - Condo photo 11 of 16 in Scarborough Village / Eglinton East, Ontario
115 Bonis Avenue Unit 109 - Condo photo 12 of 16 in Scarborough Village / Eglinton East, Ontario
115 Bonis Avenue Unit 109 - Condo photo 13 of 16 in Scarborough Village / Eglinton East, Ontario
115 Bonis Avenue Unit 109 - Condo photo 14 of 16 in Scarborough Village / Eglinton East, Ontario
115 Bonis Avenue Unit 109 - Condo photo 15 of 16 in Scarborough Village / Eglinton East, Ontario
115 Bonis Avenue Unit 109 - Condo photo 16 of 16 in Scarborough Village / Eglinton East, Ontario
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$459,000 - 115 Bonis Avenue Unit 109, Scarborough Village

Condo for Sale in Scarborough Village

43 days on market
2Beds
2Baths
1,000Sq Ft
Condo
Property Details
MLS Number
E13081076
Property Type
Condo
Status
active
Days on Site
43
Bedrooms
2
Bathrooms
2
Square Feet
1,000 sqft
Neighbourhood
Scarborough Village / Eglinton East
Locker
Exclusive
Exposure
South West
Balcony
None
Listing Brokerage
REMAX CONNECT REALTY
Description

The Gardens by Sheppard Village is a premier senior living building located in the heart of Scarborough. This exclusive lifetime lease community offers safe luxurious living close to shopping and senior services. Sheppard Village has been designed for those 65 years of age and older who seek independent living within a retirement community. This Marigold plus model features two generously sized bedrooms with two washrooms. Ensuite Laundry underground parking and a storage locker round out this spacious condo.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,354.91/mo

Includes CMHC insurance ($12,806)

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5-yr fixed avg.

Principal: $413,100Interest: $280,566
Mortgage Amount$425,906
Total Interest$280,566
Est. Property Tax$325/mo
Total Cost$706,472

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.

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Neighbourhood Guide: Scarborough Village / Eglinton East

Discover Scarborough Village / Eglinton East

Scarborough Village / Eglinton East 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 Scarborough Village / Eglinton East

  • Convenient location in Scarborough Village / Eglinton East
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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

Scarborough Village / Eglinton East 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.

70
Walk Score
Varies
Price Range

115 Bonis Avenue Unit 109, Scarborough Village / Eglinton East

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,360/mo
Range: $2,006 - $2,714
Cap Rate (ROI)
3.4%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,360
Maintenance Fees-$650
Property Tax (est.)-$325
Insurance (est.)-$96
Net Cash Flow+$1,289

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $459/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 43 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.

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.

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    115 Bonis Avenue Unit 109 | $459,000 | Battaglia Team