Location, Location, Location! Plaza Royale Beauty! Well kept, tenanted, charming, spacious condo unit near Allen Rd and Sheppard West Subway. Steps to TTC. Includes Locker on same floor & features open concept layout, kitchen with huge breakfast bar, balcony 85 Sq.Ft. Above ground parking and en-suite laundry. Excellent amenities include gym, party room, sauna, rooftop deck. Beautiful sized Balcony can be converted to a relaxation oasis! Approx. 860 Sq.Ft. Includes balcony. Potential for a lovely home. Some TLC needed since tenanted. Extras: Shelving Unit in Smaller bedroom, wall vanity cupboard in Bathroom, washer and dryer 2-3 yrs old, Built-in Fridge, stove, built-in Microwave, Gas furnace, air conditioning with control your own Heat and Air.
1 bedroom, 1 bathroom, about 800 sq ft, works out to roughly $656 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 872 Sheppard Ave W #316
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
872 Sheppard Ave W #316 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® C13501046$525,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 872 Sheppard Ave W #316 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
$2,579
/mo
based on the purchase price of $525,000
$105,000 cash
$420,000 financed
$353,750 total interest
Principal54%$420,000
Interest46%$353,750
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.
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.
Similar homes for sale nearby in Toronto
Other 1–2 bed homes for sale in Toronto around $525K.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5190.6%On average, homes sold at or above asking.
Active listings11,908Homes for sale here right now.
Median vs prior 90 days+0.4%Compared with May 10 – Aug 8, 2026: prices up.
Based on 9,132 sales from Aug 8 – Nov 6, 2026 (7,132 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 · 1 for rent at 872 Sheppard Ave W — plus its sale and lease history.
872 Sheppard Ave W #316 is listed at $525,000 (MLS® C13501046). Summitly updates the price as soon as the MLS® record changes.
Is $525,000 a good price for 872 Sheppard Ave W #316?
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 872 Sheppard Ave W #316 changed?
No — 872 Sheppard Ave W #316 is still listed at its original asking price of $525,000.
How many bedrooms and bathrooms does 872 Sheppard Ave W #316 have?
872 Sheppard Ave W #316 has 1 bedroom and 1 bathroom, with about 800–899 square feet of living space. It is a condo in Toronto.
Is 872 Sheppard Ave W #316 close to transit?
The nearest rapid-transit station is Sheppard West Station (Line 1), about 720 m (about a 9-minute walk) in a straight line. Downsview Park Station is about 1.9 km (about a 24-minute walk), and Wilson Station is about 2.0 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 872 Sheppard Ave W #316?
About $2,579 a month — principal and interest on $525,000 with 20% down ($105,000), 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 872 Sheppard Ave W #316 compare with other homes in Toronto?
Its asking price of $525,000 is about 38% below the median sold price in Toronto over the last 90 days, $843,500, across 9,132 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 872 Sheppard Ave W #316 been sold before?
Summitly has no earlier MLS® sale or lease of 872 Sheppard Ave W #316 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 872 Sheppard Ave W #316?
872 Sheppard Ave W #316 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 872 Sheppard Ave W #316 been on the market?
133 days — 872 Sheppard Ave W #316 was listed on June 26, 2026.
What is the price per square foot of 872 Sheppard Ave W #316?
About $584 to $656 per square foot: the asking price of $525,000 over the 800–899 sq ft the listing gives as its size range.
Does 872 Sheppard Ave W #316 have parking or a garage?
Yes — the listing gives 1 parking space. Garage: Yes.
