$439,000 - 3121 Sheppard Avenue Unit 518, Scarborough Village
Condo for Sale in Scarborough Village
141 days on market- MLS Number
- E12594594
- Property Type
- Condo
- Status
- active
- Days on Site
- 141
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 500 sqft
- Neighbourhood
- Scarborough Village / Eglinton East
- Locker
- None
- Exposure
- North
- Balcony
- Open
- Listing Brokerage
- RE/MAX COMMUNITY REALTY INC.
Welcome to this Bright & Spacious 1+1 Bedroom Condo with Parking -- 585 sq. ft. of Modern Living! Located in a nearly new boutique mid-rise building at Sheppard & Pharmacy, this stylish condo offers a functional open-concept layout with contemporary finishes and abundant natural light. Featuring large windows, a generous kitchen, a comfortable bedroom, and a versatile den -- perfect for a home office or guest space. Building Amenities: Enjoy a well-maintained community with first-class amenities, including a fully equipped gym & yoga studio, rooftop terrace with BBQs, party room, sports lounge, card room, guest suite, and more. Unbeatable Location: Steps to TTC transit stops, multiple supermarkets, schools, parks, cafés, restaurants, banks, shopping, kids' entertainment, Winners, and GoodLife Fitness. Just minutes to Don Mills Subway Station, Fairview Mall (shops, dining & T&T), Costco, LCBO, community centres, and North York General Hospital. Quick and easy access to Hwy 401, 404, and the DVP. A Great Opportunity: Don't miss the chance to live in one of the most convenient buildings in the area! Move in and enjoy -- ***Seller will paint the unit before closing ***.
Estimate your monthly payments for this property
Estimated Payment
$2,252.30/mo
Includes CMHC insurance ($12,248)
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 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
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.
3121 Sheppard Avenue Unit 518, Scarborough Village / Eglinton East
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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
Fair Market Value
At $878/sqft, this property is priced in line with current Scarborough Village market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Negotiation Opportunity
At 141 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 500 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.
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.