43.7595° N · 79.4212° W — Lansing-Westgate, Toronto — MLS® #C13808146
204 Sheppard Ave
$2,588,000
Lansing-Westgate, Toronto, Ontario M2N 1N1
- 6+1
- BedroomsBeds
- 3
- BathroomsBaths
- 1500-2000 sqft1500-2000
- SizeSq ft
- 50 x 117.67 ft
- Lot sizeLot
Inquire about this listing
In short · from the listing record
204 Sheppard Ave is a 6+1-bedroom, 3-bathroom triplex in Lansing-Westgate, Toronto, listed for sale at an asking price of $2,588,000 (MLS® C13808146).
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.
Listing readings
How it measures up
Scores from the listing record and the market around it.
68Good
Condition score
6 condition-related facts documented
Listing age, structured features and disclosed update language; not an inspection.
29Shortfall
Cash flow quality
−$3,898/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Median of 13 homes with 7 bedrooms for lease in Toronto right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
The data table
Every fact
Everything the board publishes for this home.
- Tax
- $10,696 / 2026
- MLS® number
- C13808146
- Board
- TRREB MLS®
- Property Type
- Triplex
- Time on market
- Size
- 1500-2000 sqft
- Lot Size
- 50 x 117.67 ft
- Listed on
- Parking
- None, 13 Parking
Listing history
Listing activity for 204 Sheppard Ave, Toronto, Ontario
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $2,588,000 | N/A | For Sale | C13808146 |
Inside
Room by room
From the listing.
- Kitchen1.6 × 2.3 mCeramic Floor, Ceramic Back Splash, Open Concept
- Dining4.12 × 3.45 mLaminate, Open Concept, Combined W/Living
- Living4.12 × 3.45 mLaminate, Open Concept, Combined W/Dining
- Br3.58 × 3.25 mLaminate, Window, Closet
- 2nd Br4.09 × 3.15 mLaminate, Window, Closet
- 3rd Br3.18 × 3.28 mLaminate, Window, Closet
- Kitchen2.35 × 4.25 mCeramic Floor, Ceramic Back Splash, Open Concept
- Living5.2 × 3.9 mBroadloom, Open Concept, Combined W/Dining
- Dining3.63 × 3.65 mBroadloom, Open Concept, Combined W/Living
- 4th Br3.72 × 3.63 mBroadloom, Window, Closet
- 5th Br3.25 × 3.63 mBroadloom, Window, Closet
- Br2.8 × 3.08 mBroadloom, Window, Closet
- Kitchen3.2 × 3.0 mCeramic Floor, Ceramic Back Splash, Open Concept
- Living5.2 × 3.9 mCeramic Floor, Open Concept, Combined W/Dining
- Dining5.2 × 3.9 mCeramic Floor, Ceramic Back Splash, Open Concept
- Br3.9 × 5.45 mCeramic Floor, Window
Property
- Property Type
- Triplex
- Style
- 2-Storey
- Community
- Lansing-Westgate
- Municipality
- Toronto
Building
- Size
- 1500-2000 sqft
- Construction
- Brick
Inside
- Bedrooms
- 6+1
- Bathrooms
- 3
- Bathroom Details
- 1 × 4pc Ground, 1 × 4pc 2nd, 1 × 4pc Bsmt
- Basement Type
- Apartment
- Kitchens
- 2
Parking
- Garage Type
- None
- Additional Parking
- 13
- Total Parking
- 13
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Land
- Sewer
- Sewers
- Frontage
- 50 ft
- Depth
- 117.67 ft
- Lot Size
- 50 x 117.67 ft
Where it sits
The street and the area
Asking prices on the map.
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Sheppard-Yonge Station | TTC subway: Line 1 Yonge-University, Line 4 Sheppard | 800 m |
| North York Centre Station | TTC subway: Line 1 Yonge-University | 1.2 km |
| York Mills Station | TTC subway: Line 1 Yonge-University | 2 km |
| Finch Station | TTC subway: Line 1 Yonge-UniversityYRT bus rapid transit: Viva Blue | 2.4 km |
| Oriole GO | GO Transit train: Richmond Hill | 4.6 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: TTC schedule data (GTFS) from the Toronto Transit Commission under the Open Government Licence – Toronto; GO Transit schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx; YRT schedule data (GTFS) from York Region Transit under the YRT Open Data Licence 2.0, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – Toronto. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx. Contains public transit Information made available under YRT's Open Data Licence.
Site report
What the record says
What the City and the conservation authority have on file for this address.
- Heritage and ravineNone foundNot found on the Heritage Register
- Heritage and ravineNone foundNot in a mapped Heritage Conservation District
- Heritage and ravineNone foundNot in the mapped ravine protection area
- ZoningSee Former City of North York By-Law No. 7625Outside By-law 569-2013: the former municipality’s by-law still sets what may be built. Confirm the rules with the City.
- PermitsNone on fileNo building permits on file at this address.
- Signals nearby6 to note202 SHEPPARD AVE W, Site plan, 20 m away · 202 SHEPPARD AVE W, Official plan or zoning amendment, 20 m away · 283 SHEPPARD AVE W, Official plan or zoning amendment, 300 m away · 291 SHEPPARD AVE W, Official plan or zoning amendment, 320 m away · 290 SHEPPARD AVE W, Site plan, 320 m away · 293 SHEPPARD AVE W, Official plan or zoning amendment, 330 m away
- ca regulatedNone in rangeNot in Toronto and Region Conservation Authority’s mapped regulated area
- provincial plansNone in rangeOutside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areas
- wetlandNone in rangeNo mapped wetland within 120 m
- aggregateNone in rangeNo licensed pit or quarry within 2 km
- wellsNone in rangeNo recorded oil, gas or salt well within 250 m
- trailOn recordA trail on the Ontario trail network within 1 km
- permitsOn record26 building permits issued within 250 m in the last 2 years
- devappsOn record2 open development applications within 250 m An application is a proposal: it may change, be refused or never be built.
- airportOn recordNearest airport: 3.3 km
- parcelOn recordMapped parcel: about 5,900 sq ft Measured from the municipal parcel map, which can differ from the survey and from the lot size in the listing.
- water wellsNone in rangeNo water-supply well recorded within 250 m 12 test or monitoring holes also recorded.
- npriNone in rangeNo facility within 1 km reports pollutant releases to Environment Canada Only facilities above the inventory’s reporting thresholds are listed.
- fcsiOn record1 federal contaminated site within 1 km All of them are closed. The federal inventory covers federal land only, not provincial or private sites.
- electricityOn recordElectricity is distributed here by Toronto Hydro-Electric System Limited
- internet speedOn recordWired internet 50/10 Mbps or faster is listed at a household 30 m away Fixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (30 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.
- broadbandOn recordAcross the surrounding area: fibre to the home, cable, DSL internet listed Fibre to the home: Beanfield Metroconnect, Bell, CIK Telecom, FibreStream. Cable: Rogers. DSL: Bell. Fixed wireless: Rogers, Routcom, SkyChoice Communications. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.
None of these City records was found at this address. That does not rule out other approvals, such as a conservation authority permit, so check before you plan work.
Each record is the map at the home’s location, not an inspection. Confirm anything that matters with the municipality, Toronto and Region Conservation Authority or the record’s publisher.
City of Toronto Open Data and zoning map, read at this address. Contains information licensed under the Open Government Licence – Toronto. City of Toronto Open Data — Development Applications and Building Permits (cleared permits since 2017). An application is a proposal: it may change, be refused or never be built. Contains information licensed under the Open Government Licence – Toronto. Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information licensed under the Open Government Licence – Toronto. Contains information made available under the Toronto and Region Conservation Authority Open Data Licence v1.0.
Lot
- Lot area
- 5,884 sq ft547 m²
- Street frontage
- 50 ft15.2 m
- Depth
- 117.67 ft35.9 m
The area is the frontage multiplied by the depth, so boundaries are approximate. Confirm with a survey before you buy.
Source: the MLS® listing record.
Land transfer tax on this home
- Ontario land transfer tax
- $51,175
- Toronto municipal land transfer tax
- $51,175
- Total land transfer tax
- $102,350
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $93,875
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $2,000,000
- $32,000
- 2.5% from $2,000,000 to $2,588,000
- $14,700
- Ontario total
- $51,175
Toronto’s municipal tax uses the same brackets at this price, so it adds another $51,175.
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Schools
Nearest schools
Straight-line distances. Check catchments with the board.
ElementaryEQAO average 2024–25
- Cameron Public SchoolToronto DSBPublic · grades JK–581%Grade 3 average550 m
- St Edward Catholic SchoolToronto CDSBCatholic · grades JK–882%Grade 6 average900 m
- Claude Watson School for the ArtsToronto DSBPublic · grades 1–896%Grade 6 average1.2 km
- École élémentaire Paul-DemersConseil scolaire ViamondeFrench-language public · grades JK–695%Grade 6 average4.9 km
SecondaryGrade 9 math 2024–25
- Cardinal Carter Academy for the ArtsToronto CDSBCatholic · grades 9–1287%Grade 9 math1 km
- Earl Haig Secondary SchoolToronto DSBPublic · grades 9–1284%Grade 9 math1.6 km
- Loretto Abbey Catholic Secondary SchoolToronto CDSBCatholic · grades 9–1264%Grade 9 math2.2 km
- ÉSC Monseigneur-de-CharbonnelConseil scolaire catholique MonAvenirFrench-language Catholic · grades 9–1263%Grade 9 math3 km
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
Searches this home is in
Keep looking
The ledger
What it costs to own
Worked out for this home. Change any number.
A month, all in
$12,698
- Mortgage$11,807
- Property tax$891
A planning figure, not a quote.
Land transfer tax
$102,350
$93,875 for first-time buyers; Toronto adds its own tax.
Rent, similar homes
$8,800
a month, median asking rent of 13 similar homes in Toronto.
Community
Who lives around it
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Shemeer AhmadVALERY REAL ESTATE INC.
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