227 Sheppard Ave W is a 2-bedroom, 2-bathroom detached home in Toronto, listed for $1,980,000. It has 700-1100 sq ft of living space.
1Great Central North York Location!
2This House Has Open Concept Layout, Updated Kitchen W/Backsplash and Ceramic Floors, Hardwood Floors Throughout The Main Level.
3Fully Upgraded Basement with New Vinyl Floors, Freshly Painted Throughout, Additional Parking at The Back, Steps To Subway, Shopping And Entertainment.
Great Central North York Location! This House Has Open Concept Layout, Updated Kitchen W/Backsplash and Ceramic Floors, Hardwood Floors Throughout The Main Level. Fully Upgraded Basement with New Vinyl Floors, Freshly Painted Throughout, Additional Parking at The Back, Steps To Subway, Shopping And Entertainment. Great Residential/Commercial Opportunity For Developers and Investors!
2 bedrooms, 2 bathrooms, about 700 sq ft, works out to roughly $2,829 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 227 Sheppard Ave W
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow
Living space
700-1100 sq ftas stated on the listing
Parking
6 spaces
Basement
Finished with Walk-Out
Features & systems
Parking & garage
Parking spaces
6
Interior
Basement
Finished with Walk-Out
Lot & land
Lot size (sqft)
4400
Listing & possession
Property style
Bungalow
Property class
Detached
227 Sheppard Ave W Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
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
$9,727
/mo
based on the purchase price of $1,980,000
$396,000 cash
$1,584,000 financed
$1,334,144 total interest
Principal54%$1,584,000
Interest46%$1,334,144
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 2–4 bed homes for sale in Toronto around $2.0M.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5185.0%On average, homes sold at or above asking.
Active listings11,636Homes for sale here right now.
Median vs prior 90 days−0.2%Compared with May 8 – Aug 6, 2026: prices down.
Based on 9,142 sales from Aug 6 – Nov 4, 2026 (7,119 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 227 Sheppard Ave W
How much is 227 Sheppard Ave W listed for?
227 Sheppard Ave W is listed at $1,980,000 (MLS® C13443170). Summitly updates the price as soon as the MLS® record changes.
Is $1,980,000 a good price for 227 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 227 Sheppard Ave W changed?
Yes — it was first listed at $2,080,000 and is now $1,980,000, a drop of $100,000 (4.8%).
How many bedrooms and bathrooms does 227 Sheppard Ave W have?
227 Sheppard Ave W has 2 bedrooms and 2 bathrooms, with about 700–1,100 square feet of living space. It is a detached home in Toronto.
How much would the monthly mortgage be on 227 Sheppard Ave W?
About $9,727 a month — principal and interest on $1,980,000 with 20% down ($396,000), 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 227 Sheppard Ave W compare with other homes in Toronto?
Its asking price of $1,980,000 is about 136% above the median sold price in Toronto over the last 90 days, $840,000, across 9,142 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 227 Sheppard Ave W been sold before?
Summitly has no earlier MLS® sale or lease of 227 Sheppard Ave W on record from the last two years. Older records aren't shown under TRREB rules.
Where is 227 Sheppard Ave W?
227 Sheppard Ave W is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 227 Sheppard Ave W been on the market?
143 days — 227 Sheppard Ave W was listed on June 14, 2026.
What is the price per square foot of 227 Sheppard Ave W?
About $1,800 to $2,829 per square foot: the asking price of $1,980,000 over the 700–1,100 sq ft the listing gives as its size range.
Does 227 Sheppard Ave W have parking or a garage?
Yes — the listing gives 6 parking spaces.
Does 227 Sheppard Ave W have a basement, and is it finished?
The listing describes the basement as: Finished with Walk-Out.
