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Commercial Property in Toronto
About 204 Sheppard Avenue West
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.
Toronto office priced at $2,588,000 — book a tour to see if it fits your search.
Inside 204 Sheppard Ave W
Every detail from the listing, in one place.
Type
Office
Features & systems
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Office
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® C13808150$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.
Zara’s estimate
$•,•••,•••
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
Transit, schools, parks and everyday places near this home. Select any place to open it on Google Maps.
How long is your commute?
From 204 Sheppard Ave W. Typical times without traffic delays; transit times aren't available yet.
For homeowners nearby
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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.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5227.1%On average, homes sold at or above asking.
Active listings12,210Homes for sale here right now.
Median vs prior 90 days0.0%Compared with May 3 – Aug 1, 2026.
Based on 9,067 sales from Aug 1 – Oct 30, 2026 (7,001 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® C13808150). Summitly updates the price as soon as the MLS® record changes.
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?
The listing for 204 Sheppard Ave W doesn't publish its bedroom and bathroom count. It is a commercial property 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 does 204 Sheppard Ave W compare with other homes in Toronto?
Its asking price of $2,588,000 is about 208% above the median sold price in Toronto over the last 90 days, $840,000, across 9,067 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?
39 days — 204 Sheppard Ave W was listed on September 21, 2026.
What is the land transfer tax on 204 Sheppard Ave W?
About $102,350 at the asking price of $2,588,000: $51,175 Ontario land transfer tax plus $51,175 Toronto municipal land transfer tax. First-time buyers can get up to $4,000 back from Ontario and up to $4,475 from Toronto. Legal fees and other closing costs are extra.
How do I book a viewing of 204 Sheppard Ave W or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 204 Sheppard Ave W?
The listing for 204 Sheppard Ave W doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Toronto.
When was 204 Sheppard Ave W built?
The listing for 204 Sheppard Ave W doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.
