115 Bonis Avenue Unit 216, Toronto E05

Price: $468,800

3 bedrooms, 2 bathrooms

900 sqft

Property Type: Condo

MLS#: E12779874

Retirement living begins - welcome to Shepherd Gardens! Make new friends and enjoy plenty of great resort-like amenities in this 65+ independent lifestyle building with indoor pool, restaurant, hair salon, chapel, gym - the list goes on! Many organized events year-round for the social butterfly. Clean, bright and spacious unit is ready to move in. A downsizer's dream - large 2-bedroom layout with lovely solarium. Cluster Care support and 24hr handyman service available in building. Storage galore in the kitchen with added pantry and new stone counters. Oversized primary bedroom with walk-in closet and 4pc ensuite bath with tub cutout for accessibility. Newly renovated 2nd bathroom with low-profile walk-in shower! Primary bathroom will have BathFitter installation prior to closing. Wheelchair accessible building - safe and functional layout. Impressive private gardens. Don't miss this one.

115 Bonis Avenue Unit 216 - Condo photo 1 of 31 in Scarborough Village / Eglinton East, Ontario
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$468,800 - 115 Bonis Avenue Unit 216, Scarborough Village

Condo for Sale in Scarborough Village

108 days on market
3Beds
2Baths
900Sq Ft
Condo
Property Details
MLS Number
E12779874
Property Type
Condo
Status
active
Days on Site
108
Bedrooms
3
Bathrooms
2
Square Feet
900 sqft
Neighbourhood
Scarborough Village / Eglinton East
Locker
Exclusive
Exposure
North
Balcony
Enclosed
Listing Brokerage
BOSLEY REAL ESTATE LTD.
Description

Retirement living begins - welcome to Shepherd Gardens! Make new friends and enjoy plenty of great resort-like amenities in this 65+ independent lifestyle building with indoor pool, restaurant, hair salon, chapel, gym - the list goes on! Many organized events year-round for the social butterfly. Clean, bright and spacious unit is ready to move in. A downsizer's dream - large 2-bedroom layout with lovely solarium. Cluster Care support and 24hr handyman service available in building. Storage galore in the kitchen with added pantry and new stone counters. Oversized primary bedroom with walk-in closet and 4pc ensuite bath with tub cutout for accessibility. Newly renovated 2nd bathroom with low-profile walk-in shower! Primary bathroom will have BathFitter installation prior to closing. Wheelchair accessible building - safe and functional layout. Impressive private gardens. Don't miss this one.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,405.19/mo

Includes CMHC insurance ($13,080)

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5-yr fixed avg.

Principal: $421,920Interest: $286,557
Mortgage Amount$435,000
Total Interest$286,557
Est. Property Tax$332/mo
Total Cost$721,556

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 216, Scarborough Village / Eglinton East

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,680/mo
Range: $2,278 - $3,082
Cap Rate (ROI)
4.3%
Good

Monthly Cash Flow Breakdown

Rental Income+$2,680
Maintenance Fees-$585
Property Tax (est.)-$332
Insurance (est.)-$98
Net Cash Flow+$1,665

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 $521/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.

Negotiation Opportunity

At 108 days on site, this property has exceeded the typical selling timeline for Scarborough Village. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.

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.

Starter Home Potential

3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.

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 216 | $468,800 | Battaglia Team