$598,800 - 1100 Sheppard Avenue Unit 608, Downsview
Condo for Sale in Downsview
64 days on marketNeighbourhood: York University Heights
- MLS Number
- W13081460
- Property Type
- Condo
- Status
- active
- Days on Site
- 64
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 600 sqft
- Neighbourhood
- Downsview / Black Creek
- Locker
- None
- Exposure
- South East
- Balcony
- Open
- Listing Brokerage
- KINGSWAY REAL ESTATE
An irreplaceable investment opportunity, Don't let it slip away!! This apartment is for sale for more than 330K less than the original cost paid by the seller. You can take possession vacant or assume the excellent tenant who pays $2850/month + utilities. This 2 bed with 2 bath & 1 parking with 1 locker situated in one of Toronto's most convenient locations. Open concept layout, elegant laminate floor and modern kitchen, with beautiful counter top and finishes. Bright, floor to ceiling windows natural light, 12000 sq ft of amenities, fitness center, meeting room, indoor basketball court, pet spa, rooftop with terrace and more. Close to Highway 401 West subway station, Go transit, shopping center, Costco, Yorkdale Mall, Downsview park, York University, 24 hours concierge, child's playroom, entertainment lounge with games.
Estimate your monthly payments for this property
Estimated Payment
$3,072.15/mo
Includes CMHC insurance ($16,707)
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 York University Heights
York University Heights 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 York University Heights
- •Convenient location in Downsview / Black Creek
- •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
York University Heights 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.
1100 Sheppard Avenue Unit 608, Downsview / Black Creek
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Rental income estimator & ROI calculator
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 $998/sqft, this property is priced in line with current Downsview 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 64 days on site, this property has exceeded the typical selling timeline for Downsview. 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 600 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.
About York University Heights
I know York University Heights well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
Investment Perspective
Looking at this as an investment: Downsview properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,495 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.