2992 Sheppard Avenue Unit 303, Toronto E05

Price: $3,160

3 bedrooms, 2 bathrooms

5,000+ sqft

Property Type: Detached

MLS#: E13806432

Brand new condominium apartment located in the North York-Scarborough area, offering exceptional convenience and connectivity.Justminutesfrom Highways 404 and 401, Fairview Mall, and T&T Supermarket, with TTC transit conveniently located right outside the building.

2992 Sheppard Avenue Unit 303 - Detached photo 1 of 2 in Scarborough Village / Eglinton East, Ontario
2992 Sheppard Avenue Unit 303 - Detached photo 2 of 2 in Scarborough Village / Eglinton East, Ontario
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$3,160/mo - 2992 Sheppard Avenue Unit 303, Scarborough Village

Detached for Rent in Scarborough Village

Neighbourhood: L'Amoreaux

3Beds
2Baths
5,000+Sq Ft
Detached

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Property Details
MLS Number
E13806432
Property Type
Detached
Status
active
Days on Site
18
Bedrooms
3
Bathrooms
2
Square Feet
5,000+ sqft
Neighbourhood
Scarborough Village / Eglinton East
Listing Brokerage
HOMELIFE LANDMARK REALTY INC.
Description

Brand new condominium apartment located in the North York-Scarborough area, offering exceptional convenience and connectivity.Justminutesfrom Highways 404 and 401, Fairview Mall, and T&T Supermarket, with TTC transit conveniently located right outside the building.

Neighbourhood Guide: L'Amoreaux

Discover L'Amoreaux

L'Amoreaux 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 L'Amoreaux

  • •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

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

L'Amoreaux 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

2992 Sheppard Avenue Unit 303, Scarborough Village / Eglinton East

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Rental Market Analysis

How this lease stacks up against the local rental market

Asking Rent
$3,160/mo
≈ At typical 3-bed market rent
Annual Rent Cost
$37,920
12 × monthly rent

Estimated Monthly Budget

Asking Rent$3,160/mo
Utilities (est.)~$250/mo
Est. Total Monthly Cost~$3,410/mo

Things to Confirm Before Signing

· Are utilities included, or separate?

· How many parking spots are included?

· Is the landlord open to a 1-year or 2-year lease?

· Are pets and small renovations (paint, hooks) allowed?

· When was the last rent increase, if there is a prior tenant?

Utility estimates are approximate and vary by season, habits, and what the landlord includes. Always confirm inclusions with the listing agent.

Joe Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Fairly Priced Rental

At $3,160/mo, this is in line with typical 3-bedroom rents in Scarborough Village (~$3,500/mo). The rent itself may be firm, but there's often room to negotiate on lease terms — move-in date, appliance inclusions, or parking.

Market Position

At 18 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.

Detached Home Advantages

Detached homes in Scarborough Village are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.

Larger Home Realities

At 5,000 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.

Starter Home Potential

3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.

About L'Amoreaux

I know L'Amoreaux 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.

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    2992 Sheppard Avenue Unit 303 | $3,160 | Battaglia Team