$629,000 - 741 Sheppard Avenue Unit 701, North York
Condo for Sale in North York
77 days on market- MLS Number
- C12939470
- Property Type
- Condo
- Status
- active
- Days on Site
- 77
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 800 sqft
- Neighbourhood
- North York (Bathurst Manor / Clanton Park)
- Locker
- Exclusive
- Exposure
- South
- Balcony
- Terrace
- Listing Brokerage
- RE/MAX REALTRON REALTY INC.
This is the one buyers wait for: unobstructed South-facing views overlooking the skyline, an oversized private terrace, and the rare convenience of an owned locker on the same floor. Offering 805 sq ft of thoughtfully designed interior space plus an exceptional 230+ sq ft terrace, this bright, freshly painted 2-bedroom, 2-bath suite is filled with natural light while offering a quiet, peaceful atmosphere above the city. The terrace is a true extension of the living space, with BBQs permitted and ample room for outdoor dining, entertaining, or simply relaxing in your own private escape. A standout feature is the seamless connection to the outdoors, with three separate sliding door walkouts to the terrace: one from the main living space and one from each bedroom. Inside, the suite features modern European-style kitchen cabinetry, stainless steel appliances, upgraded laminate flooring throughout, and a clean, contemporary aesthetic. Complete with a rare same-floor storage locker and 1 owned parking space, with the added flexibility of additional parking spaces available for lease through other residents. Just steps to the TTC bus stop, minutes to multiple subway stations, and quick access to Highway 401 and the Allen Expressway. Surrounded by Yorkdale Mall, Costco, Earl Bales Park, community centres, schools, restaurants, and every daily amenity, this is an incredible opportunity to own a condo that truly stands apart in one of North York's most convenient pockets.
Estimate your monthly payments for this property
Estimated Payment
$3,227.10/mo
Includes CMHC insurance ($17,549)
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 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
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.
741 Sheppard Avenue Unit 701, North York (Bathurst Manor / Clanton Park)
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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
Competitive Pricing
At $786/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 77 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.
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: North York properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,621 (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.