890 Sheppard Avenue Unit 514, Toronto C06

Price: $649,000

2 bedrooms, 2 bathrooms

900 sqft

Property Type: Condo

MLS#: C13165212

Welcome to Unit 514, Plaza Suites, a beautifully refreshed 2-bedroom, 2-bathroom corner unit condo; bright, functional living space in the heart of Bathurst Manor. Featuring 2 parking spaces and 2 lockers, this rare offering combines convenience, comfort, and exceptional value. Floor-to-ceiling windows stretch across the entire north east side of the suite, flooding the home with natural light and framing peaceful treetop views and stunning sunset colours. A large private balcony provides the perfect spot to enjoy morning coffee, unwind at the end of the day, or take in the changing seasons.Move-in ready, with hardwood floors, the suite has been professionally painted throughout, all stucco ceilings have been removed, and features new flooring in the primary bedroom, (previously carpeted), new LED pot lights, and a complete package of brand-new appliances including the refrigerator, stove, oven, range hood, dishwasher, and a new washer and dryer thoughtfully selected to create additional shelving and storage space in the laundry area.Residents enjoy access to excellent amenities including a fitness centre, rooftop terrace, party room, and visitor parking, all within a well-maintained building close to transit, shopping, parks, and everyday conveniences. A turnkey opportunity in one of Toronto's most established neighbourhoods.. Ideally located just steps to Sheppard West Subway Station, with easy access to Yorkdale Shopping Centre, parks, and major highways, making commuting and daily errands effortless.An excellent opportunity for first-time buyers, downsizers, or investors alike.

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New Listing
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$649,000 - 890 Sheppard Avenue Unit 514, North York

Condo for Sale in North York

New — Listed 3 days ago
2Beds
2Baths
900Sq Ft
Condo
Property Details
MLS Number
C13165212
Property Type
Condo
Status
active
Days on Site
3
Bedrooms
2
Bathrooms
2
Square Feet
900 sqft
Neighbourhood
North York (Bathurst Manor / Clanton Park)
Locker
Owned
Exposure
North East
Balcony
Open
Listing Brokerage
Sotheby's International Realty Canada
Description

Welcome to Unit 514, Plaza Suites, a beautifully refreshed 2-bedroom, 2-bathroom corner unit condo; bright, functional living space in the heart of Bathurst Manor. Featuring 2 parking spaces and 2 lockers, this rare offering combines convenience, comfort, and exceptional value. Floor-to-ceiling windows stretch across the entire north east side of the suite, flooding the home with natural light and framing peaceful treetop views and stunning sunset colours. A large private balcony provides the perfect spot to enjoy morning coffee, unwind at the end of the day, or take in the changing seasons.Move-in ready, with hardwood floors, the suite has been professionally painted throughout, all stucco ceilings have been removed, and features new flooring in the primary bedroom, (previously carpeted), new LED pot lights, and a complete package of brand-new appliances including the refrigerator, stove, oven, range hood, dishwasher, and a new washer and dryer thoughtfully selected to create additional shelving and storage space in the laundry area.Residents enjoy access to excellent amenities including a fitness centre, rooftop terrace, party room, and visitor parking, all within a well-maintained building close to transit, shopping, parks, and everyday conveniences. A turnkey opportunity in one of Toronto's most established neighbourhoods.. Ideally located just steps to Sheppard West Subway Station, with easy access to Yorkdale Shopping Centre, parks, and major highways, making commuting and daily errands effortless.An excellent opportunity for first-time buyers, downsizers, or investors alike.

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Estimated Payment

$3,329.71/mo

Includes CMHC insurance ($18,107)

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5-yr fixed avg.

Principal: $584,100Interest: $396,705
Mortgage Amount$602,207
Total Interest$396,705
Est. Property Tax$460/mo
Total Cost$998,912

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

890 Sheppard Avenue Unit 514, North York (Bathurst Manor / Clanton Park)

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,280/mo
Range: $1,938 - $2,622
Cap Rate (ROI)
2.0%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,280
Maintenance Fees-$585
Property Tax (est.)-$460
Insurance (est.)-$135
Net Cash Flow+$1,100

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 $721/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.

Just Listed - Act Strategically

This property hit the market within the last week. In North York's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

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.

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 $2,704 (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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