Rare opportunity to own a well-maintained, newer mixed-use building (built in 2004) in the highly sought-after Yonge & Sheppard corridor, just a short walk to the Yonge-Sheppard subway station and minutes from Highway 401. Zoned for both commercial and residential use, this versatile property offers exceptional flexibility for investors, owner-users, and future redevelopment opportunities. The building features three self-contained levels with separate entrances, each approximately 962 sq. ft. The main floor boasts 9-foot ceilings and pot lights throughout, while the second floor offers abundant natural light through a skylight. The lower level features 8-foot ceilings and eight large above-grade windows, creating a bright and functional space. Situated on a generous lot with 13 parking spaces, the property is ideal for a wide range of professional and commercial uses, including medical, legal, educational, and consulting offices, while also accommodating residential occupancy. Generate income from up to three separate units plus parking rentals, or occupy part of the building while leasing the remainder. Located in the heart of North York's rapidly evolving downtown core, the property is surrounded by numerous approved and proposed residential and commercial developments, with convenient access to two subway lines. Recent upgrades include a new gas furnace and central air conditioner (2025).An exceptional opportunity to invest, operate, or position yourself for future growth in one of Toronto's most dynamic urban centers.
6 bedrooms, 3 bathrooms, about 1,500 sq ft, works out to roughly $1,725 per square foot. Chat with Zara if you'd like a deeper read on whether this triplex fits your budget and timing.
Inside 204 Sheppard Ave W
Every detail from the listing, in one place.
Type
Triplex
Style
2-Storey
Living space
1500-2000 sq ftas stated on the listing
Parking
13 spaces
Basement
Apartment, Separate Entrance
Features & systems
Parking & garage
Parking spaces
13
Interior
Basement
Apartment · Separate Entrance
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Triplex
204 Sheppard Ave W Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® C13808146$2,588,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 204 Sheppard Ave W Compares to the Toronto Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$12,714
/mo
based on the purchase price of $2,588,000
$517,600 cash
$2,070,400 financed
$1,743,820 total interest
Principal54%$2,070,400
Interest46%$1,743,820
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Toronto
Other 5–10 bed homes for sale in Toronto around $2.6M.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5121.8%On average, homes sold at or above asking.
Active listings12,618Homes for sale here right now.
Median vs prior 90 days−0.3%Compared with May 7 – Aug 5, 2026: prices down.
Based on 9,257 sales from Aug 5 – Nov 3, 2026 (7,087 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
204 Sheppard Ave W is listed at $2,588,000 (MLS® C13808146). Summitly updates the price as soon as the MLS® record changes.
Is $2,588,000 a good price for 204 Sheppard Ave W?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Toronto. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 204 Sheppard Ave W changed?
No — 204 Sheppard Ave W is still listed at its original asking price of $2,588,000.
How many bedrooms and bathrooms does 204 Sheppard Ave W have?
204 Sheppard Ave W has 6 bedrooms and 3 bathrooms, with about 1,500–2,000 square feet of living space. It is a triplex in Toronto.
Is 204 Sheppard Ave W close to transit?
The nearest rapid-transit station is Sheppard-Yonge Station (Line 1, Line 4), about 850 m (about a 11-minute walk) in a straight line. North York Centre Station is about 1.2 km (about a 15-minute walk), and York Mills Station is about 2.1 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 204 Sheppard Ave W?
About $12,714 a month — principal and interest on $2,588,000 with 20% down ($517,600), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 204 Sheppard Ave W compare with other homes in Toronto?
Its asking price of $2,588,000 is about 207% above the median sold price in Toronto over the last 90 days, $842,000, across 9,257 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 204 Sheppard Ave W been sold before?
Summitly has no earlier MLS® sale or lease of 204 Sheppard Ave W on record from the last two years. Older records aren't shown under TRREB rules.
Where is 204 Sheppard Ave W?
204 Sheppard Ave W is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 204 Sheppard Ave W been on the market?
43 days — 204 Sheppard Ave W was listed on September 21, 2026.
What is the price per square foot of 204 Sheppard Ave W?
About $1,294 to $1,725 per square foot: the asking price of $2,588,000 over the 1,500–2,000 sq ft the listing gives as its size range.