741 Sheppard Avenue Unit 511, Toronto C06

Price: $557,700

2 bedrooms, 1 bathrooms

800 sqft

Property Type: New Construction

MLS#: C12929530

Super Bright Corner Unit with EV Charger + Two Balconies | Diva CondosWelcome to this exceptionally bright corner 2-bedroom, 1-bathroom suite in the well-managed Diva Condos, a boutique 9-storey building in the family-friendly Clanton Park neighbourhood of North York.This functional and sunny unit features approximately 722 sq ft of living space plus two private balconies - one accessible from the living room and the second from the primary bedroom - offering great indoor-outdoor flow and extra living space. Brand new laminate flooring throughout both bedrooms. Open-concept living and dining area with modern kitchen featuring granite counters and stainless steel appliances. Rare Level 2 EV Charger (32A) professionally installed in your owned underground parking spot - perfect for electric vehicle owners. One owned locker for extra storage. Generous natural light from multiple exposures. Enjoy outstanding building amenities including a gym, sauna, party room, billiards, and a fantastic rooftop patio with BBQs. Low monthly maintenance fees cover heat and water. Prime Location: Steps to TTC bus routes (quick access to Sheppard-Yonge and Wilson subway stations), Hwy 401, Yorkdale Mall, Earl Bales Park, excellent schools, shopping, restaurants, and daily conveniences. Priced to sell and move-in ready - ideal for first-time buyers, young professionals, or investors seeking the rare combination of parking + EV charger + two balconies in this price range.

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$557,700 - 741 Sheppard Avenue Unit 511, North York

New Construction for Sale in North York

81 days on market
2Beds
1Baths
800Sq Ft
New Construction
Property Details
MLS Number
C12929530
Property Type
New Construction
Status
active
Days on Site
81
Bedrooms
2
Bathrooms
1
Square Feet
800 sqft
Neighbourhood
North York (Bathurst Manor / Clanton Park)
Locker
Exclusive
Exposure
North East
Balcony
Open
Listing Brokerage
NU STREAM REALTY (TORONTO) INC.
Description

Super Bright Corner Unit with EV Charger + Two Balconies | Diva CondosWelcome to this exceptionally bright corner 2-bedroom, 1-bathroom suite in the well-managed Diva Condos, a boutique 9-storey building in the family-friendly Clanton Park neighbourhood of North York.This functional and sunny unit features approximately 722 sq ft of living space plus two private balconies - one accessible from the living room and the second from the primary bedroom - offering great indoor-outdoor flow and extra living space. Brand new laminate flooring throughout both bedrooms. Open-concept living and dining area with modern kitchen featuring granite counters and stainless steel appliances. Rare Level 2 EV Charger (32A) professionally installed in your owned underground parking spot - perfect for electric vehicle owners. One owned locker for extra storage. Generous natural light from multiple exposures. Enjoy outstanding building amenities including a gym, sauna, party room, billiards, and a fantastic rooftop patio with BBQs. Low monthly maintenance fees cover heat and water. Prime Location: Steps to TTC bus routes (quick access to Sheppard-Yonge and Wilson subway stations), Hwy 401, Yorkdale Mall, Earl Bales Park, excellent schools, shopping, restaurants, and daily conveniences. Priced to sell and move-in ready - ideal for first-time buyers, young professionals, or investors seeking the rare combination of parking + EV charger + two balconies in this price range.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,861.29/mo

Includes CMHC insurance ($15,560)

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5-yr fixed avg.

Principal: $501,930Interest: $340,897
Mortgage Amount$517,490
Total Interest$340,897
Est. Property Tax$395/mo
Total Cost$858,387

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: North York (Bathurst Manor / Clanton Park)

Discover North York (Bathurst Manor / Clanton Park)

North York (Bathurst Manor / Clanton Park) 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 North York (Bathurst Manor / Clanton Park)

  • Convenient location in North York (Bathurst Manor / Clanton Park)
  • 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

North York (Bathurst Manor / Clanton Park) 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

741 Sheppard Avenue Unit 511, North York (Bathurst Manor / Clanton Park)

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,400/mo
Range: $2,040 - $2,760
Cap Rate (ROI)
4.1%
Good

Monthly Cash Flow Breakdown

Rental Income+$2,400
Maintenance Fees-$0
Property Tax (est.)-$395
Insurance (est.)-$116
Net Cash Flow+$1,889

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 $697/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 81 days on site, this property has exceeded the typical selling timeline for North York. 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.

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: North York properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,324 (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.

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    741 Sheppard Avenue Unit 511 | $557,700 | Battaglia Team