701 Sheppard Ave W #228 is a 1-bedroom, 1-bathroom condo in Toronto, listed for $498,000. It has 600-699 sq ft of living space.
1Upscale Renovated 1+1 Bedroom Suite At The Portrait Condominiums.
2A Spacious Unit With A Fabulous Layout 688 Sf + Juliette Balc.
3Loaded With Extras Including 9' Ceilings, Updated Light Fixtures, Heated Flooring At The Windows, Eat-In Kitchen With stainless steel Appliances, Beautiful Den & 4 Pc Ensuite Bath And Renovated Common Elements.
Upscale Renovated 1+1 Bedroom Suite At The Portrait Condominiums. Completed In 2012, This Low-Rise Luxury Condo Is Situated In The Heart Of North York Near Sheppard Station(TTC), Allen Road And The 401. A Spacious Unit With A Fabulous Layout 688 Sf + Juliette Balc. Loaded With Extras Including 9' Ceilings, Updated Light Fixtures, Heated Flooring At The Windows, Eat-In Kitchen With stainless steel Appliances, Beautiful Den & 4 Pc Ensuite Bath And Renovated Common Elements. Fabulous Bedroom Design With Pot Lights.
1 bedroom, 1 bathroom, about 600 sq ft, works out to roughly $830 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 701 Sheppard Ave W #228
Every detail from the listing, in one place.
Type
Condo
Style
Apartment
Living space
600-699 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
701 Sheppard Ave W #228 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® C13635452$498,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 701 Sheppard Ave W #228 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
$2,447
/mo
based on the purchase price of $498,000
$99,600 cash
$398,400 financed
$335,557 total interest
Principal54%$398,400
Interest46%$335,557
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
Want rate-drop alerts and a saved shortlist?
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.
For homeowners nearby
Own a home on Sheppard Avenue West? See what yours is worth
Get an instant estimate for your own home, based on recent sales around you. A free account shows the number and emails you the full report.
Free · No obligation · Backed by Coldwell Banker
Book a tour of 701 Sheppard Ave W #228 with a licensed buyer's agent
Your agent is usually paid from the seller's side. We'll confirm the co-operating commission on this listing before you sign anything.
Zara, any time
Zara · AI virtual agent
Ask about 701 Sheppard Ave W #228 day or night. Zara reads this listing and answers in plain words. When you want a person, she hands you to a licensed agent.
A licensed local agent
Your agent shows you the home, checks the paperwork and negotiates your offer, on your side, not the seller's.
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 1–2 bed homes for sale in Toronto around $498K.
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 listings11,771Homes 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.
More in this building
3 for sale · 2 for rent at 701 Sheppard Ave W — plus its sale and lease history.
701 Sheppard Ave W #228 is listed at $498,000 (MLS® C13635452). Summitly updates the price as soon as the MLS® record changes.
Is $498,000 a good price for 701 Sheppard Ave W #228?
Summitly rates it Good Deal: the asking price is 3% to 10% 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 701 Sheppard Ave W #228 changed?
No — 701 Sheppard Ave W #228 is still listed at its original asking price of $498,000.
How many bedrooms and bathrooms does 701 Sheppard Ave W #228 have?
701 Sheppard Ave W #228 has 1 bedroom and 1 bathroom, with about 600–699 square feet of living space. It is a condo in Toronto.
Is 701 Sheppard Ave W #228 close to transit?
The nearest rapid-transit station is Sheppard West Station (Line 1), about 1.5 km (about a 19-minute walk) in a straight line. Wilson Station is about 2.2 km, and Downsview Park Station is about 2.7 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 701 Sheppard Ave W #228?
About $2,447 a month — principal and interest on $498,000 with 20% down ($99,600), 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 701 Sheppard Ave W #228 compare with other homes in Toronto?
Its asking price of $498,000 is about 41% below 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 701 Sheppard Ave W #228 been sold before?
Summitly has no earlier MLS® sale or lease of 701 Sheppard Ave W #228 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 701 Sheppard Ave W #228?
701 Sheppard Ave W #228 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 701 Sheppard Ave W #228 been on the market?
92 days — 701 Sheppard Ave W #228 was listed on August 4, 2026.
What is the price per square foot of 701 Sheppard Ave W #228?
About $712 to $830 per square foot: the asking price of $498,000 over the 600–699 sq ft the listing gives as its size range.
Does 701 Sheppard Ave W #228 have parking or a garage?
Yes — the listing gives 1 parking space. Garage: Yes.
