$718,000 - 3429 Sheppard Avenue Unit 712, Scarborough Village
Condo for Sale in Scarborough Village
Neighbourhood: Tam O'Shanter-Sullivan
- MLS Number
- E13474362
- Property Type
- Condo
- Status
- active
- Days on Site
- 15
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Scarborough Village / Eglinton East
- Locker
- Owned
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- RE/MAX REALTRON BARRY COHEN HOMES INC.
Rarely Offered 3-Bedroom, 2-Bathroom Suite Offering Approximately 1,056 Sq.Ft. Of Bright, Functional Living Space In A Nearly New Building (2 Years Old). Featuring Desirable South Exposure, Soaring 9-Ft Ceilings, Floor-To-Ceiling Windows, And A Sun-Filled Open-Concept Living And Dining Area Ideal For Both Everyday Living And Entertaining. The Spacious Living Room Walks Out To A Private Balcony, Perfect For Relaxing And Enjoying Open Views. Modern Kitchen With Stainless Steel Appliances, Ample Cabinetry, And Generous Counter Space. The Primary Bedroom Features A Private Ensuite, While Two Additional Bedrooms Offer Flexibility For Family Living, Guests, Or A Home Office. Includes One Parking Space And One Locker. Exceptional Value With Low Maintenance Fees Of Only $618.99/Month. Enjoy Excellent Building Amenities Including A Fully Equipped Fitness Centre, Party Room, Library, And Ample Visitor Parking. Conveniently Located Steps To TTC, Minutes To Hwy 401, Shopping, Restaurants, Parks, Schools, And Everyday Amenities. An Ideal Opportunity For First-Time Buyers, Families, Professionals, Or Investors Alike!
Estimate your monthly payments for this property
Estimated Payment
$3,683.71/mo
Includes CMHC insurance ($20,032)
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 Tam O'Shanter-Sullivan
Tam O'Shanter-Sullivan 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 Tam O'Shanter-Sullivan
- •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
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
Tam O'Shanter-Sullivan 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.
3429 Sheppard Avenue Unit 712, Scarborough Village / Eglinton East
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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 $718/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.
Market Position
At 15 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.
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.
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 Tam O'Shanter-Sullivan
I know Tam O'Shanter-Sullivan 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: Scarborough Village properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,992 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.