$757,200 - 3220 Sheppard Avenue Unit 1609, Scarborough Village
Condo for Sale in Scarborough Village
- MLS Number
- E13186314
- Property Type
- Condo
- Status
- active
- Days on Site
- 20
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 800 sqft
- Neighbourhood
- Scarborough Village / Eglinton East
- Locker
- Owned
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- RE/MAX REALTRON REALTY INC.
New suite never-lived-in 2 Bedroom and 2-4 piece Bathroom suite, in the Heart of Toronto's Upper East Side, Tam O'Sullivan Community. Architecturally designed suite entrance with elegant entry door. Privacy viewer finished with quality hardware. Functional Layout, with textured ceilings throughout, except in the kitchen, bathrooms and Laundry area. Laminate flooring in Foyer, Kitchen, Living Room, Dining Room and Bedrooms. Contemporary designer ceramic tile in the bathrooms and laundry area. (Stackable washer and dryer, with exhaust vented to exterior. Heavy-duty wiring and receptacles for the washer and dryer. Interior Mill Work: 5" Baseboards, 2 1/4 door casings, 2 Panel interior doors, and select lever handles. Off-white paint for walls throughout the suite, as per Vendor's choice; Off-white paint for baseboards, doors, and trim, as per Vendor's choice. Open concept kitchen layout, contemporary-designed cabinetry. Granite countertop, Stainless steel undermount sink with single lever faucet. Stainless steel appliances with black accents. Frost-free refrigerator, stove, built-in dishwasher and over-the-range microwave with exhaust fan vented to exterior. The designer selected ceramic tile for the tub surround and shower walls. Quality vanity cabinetry with select hardware. Granite countertop with undermount sink. Single lever faucets with pop-up drains for vanities. White acrylic soaker tub. Wire and Linen shelving in closets White Decca switches, duplex outlets, and electrical lighting fixtures are provided in the kitchen, bedrooms and bathrooms. Wired for cable TV, telephone and internet access. Smoke and Carbon Detectors are installed in each suite. Separate metered Hydro. Individually controlled centralized heating and cooling system(seasonal). Separately metered water ***Unbeatable Location Transit Right Outside The Building *Mins To Hwy 401/404, Steps To Shops, Restaurants, Groceries, Parks & Trails *This Unit Shows Beautifully A Must See!
Estimate your monthly payments for this property
Estimated Payment
$3,884.83/mo
Includes CMHC insurance ($21,126)
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.
3220 Sheppard Avenue Unit 1609, 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 $947/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.
Market Position
At 20 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 800 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: Scarborough Village properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,155 (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.