3220 Sheppard Ave E #506 is a 1-bedroom, 2-bathroom condo in Toronto, listed for $529,500. It has 800-899 sq ft of living space.
1HST incentives of 13% has been credited.
2This brand-new, never-lived-in with tarion warranty 821 sq. ft. unit offers modern living with an impressive 43 sq. ft. balcony and unobstructed views.
3The spacious second bedroom is generously sized, complete with its own door and sliding-door closet, offering excellent flexibility for a bedroom, home office, or den.
HST incentives of 13% has been credited. This brand-new, never-lived-in with tarion warranty 821 sq. ft. unit offers modern living with an impressive 43 sq. ft. balcony and unobstructed views. The thoughtfully designed Modified Floor Plan features an elegant primary bedroom with double large sliding-door closets and a stylish glass-railing barn door. The spacious second bedroom is generously sized, complete with its own door and sliding-door closet, offering excellent flexibility for a bedroom, home office, or den. Enjoy 1 parking space with the option to purchase a locker. Maintenance fee is $0.67/SF. Not an assignment sale-this is a direct inventory sale from the builder, offering buyers the opportunity to own a pristine, never-occupied unit in this sought-after community. Move-in ready and ideally suited for end-users and investors alike!
1 bedroom, 2 bathrooms, about 800 sq ft, works out to roughly $662 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.
Inside 3220 Sheppard Ave E #506
Every detail from the listing, in one place.
Type
Condo
Style
Apartment
Living space
800-899 sq ftas stated on the listing
Parking
1 spaceYes garage
Basement
None
Features & systems
Parking & garage
Garage
Yes
Parking spaces
1
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Apartment
Property class
Condo Apartment
3220 Sheppard Ave E #506 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
$2,601
/mo
based on the purchase price of $529,500
$105,900 cash
$423,600 financed
$356,782 total interest
Principal54%$423,600
Interest46%$356,782
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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Similar homes for sale nearby in Toronto
Other 1–2 bed homes for sale in Toronto around $530K.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5114.8%On average, homes sold at or above asking.
Active listings12,357Homes for sale here right now.
Median vs prior 90 days0.0%Compared with May 4 – Aug 2, 2026.
Based on 9,270 sales from Aug 2 – Oct 31, 2026 (6,989 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
More in this building
14 for sale · 4 for rent at 3220 Sheppard Ave E — plus its sale and lease history.
3220 Sheppard Ave E #506 is listed at $529,500 (MLS® E13785102). Summitly updates the price as soon as the MLS® record changes.
Is $529,500 a good price for 3220 Sheppard Ave E #506?
Summitly rates it Excellent Deal: the asking price is 10% or more below 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 3220 Sheppard Ave E #506 changed?
Yes — it was first listed at $598,225 and is now $529,500, a drop of $68,725 (11.5%).
How many bedrooms and bathrooms does 3220 Sheppard Ave E #506 have?
3220 Sheppard Ave E #506 has 1 bedroom and 2 bathrooms, with about 800–899 square feet of living space. It is a condo in Toronto.
Is 3220 Sheppard Ave E #506 close to transit?
The nearest rapid-transit station is Agincourt GO Station (Stouffville GO), about 2.4 km in a straight line. Don Mills Station is about 2.7 km, and Leslie Station is about 4.3 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 3220 Sheppard Ave E #506?
About $2,601 a month — principal and interest on $529,500 with 20% down ($105,900), 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 3220 Sheppard Ave E #506 compare with other homes in Toronto?
Its asking price of $529,500 is about 37% below the median sold price in Toronto over the last 90 days, $840,000, across 9,270 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 3220 Sheppard Ave E #506 been sold before?
Summitly has no earlier MLS® sale or lease of 3220 Sheppard Ave E #506 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 3220 Sheppard Ave E #506?
3220 Sheppard Ave E #506 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 3220 Sheppard Ave E #506 been on the market?
47 days — 3220 Sheppard Ave E #506 was listed on September 14, 2026.
What is the price per square foot of 3220 Sheppard Ave E #506?
About $589 to $662 per square foot: the asking price of $529,500 over the 800–899 sq ft the listing gives as its size range.
Does 3220 Sheppard Ave E #506 have parking or a garage?
Yes — the listing gives 1 parking space. Garage: Yes.
