Was listed for:Expired Sep 9, 2025
$479,000

Unit 308, 5580 Sheppard Avenue E

Scarborough (Malvern), ON M1B 2L3

Condo Apartment ExpiredNot available
Sheppard Place Condominium exteriorSheppard Place Condominium13 storeys, 140 suites, built 1985

Property not available for sale or for rent.

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Sale & Price History for Unit 308, 5580 Sheppard Avenue E, Scarborough, Malvern

2025-07-11
2025-09-09
Expired
Price
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MLS#
e12279553

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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About Unit 308, 5580 Sheppard Avenue E, Scarborough, Malvern

Spacious 2-Bedroom + 3 Den | +1,100 Sq. Ft. of Flexible Living in Prime Location! Welcome to this rare 2-bedroom + 3 den condo offering approx. 1,150 sq. ft. of well-designed, move-in-ready space in one of Scarboroughs most convenient locations. Freshly painted in neutral tones, this bright and functional layout is perfect for families, professionals, or investors. The clean, well-kept kitchen features stainless steel appliances and a functional design, ideal for everyday living. The spacious primary bedroom includes a walk-in closet, and three versatile dens provide excellent flexibility perfect for home offices, guest rooms, creative space, or an additional bedroom. The solarium-style den has plenty of natural light. Enjoy the convenience of ensuite laundry, indoor parking, and a well-managed, community- oriented building with low carrying costs. Located at Markham & Sheppard, this home offers a short commute to Centennial College, University of Toronto Scarborough, Sheppard Square Childcare Centre, schools, parks, shopping, and dining. With easy access to Highway 401, TTC at your doorstep, and the upcoming McCowan subway extension, this location is ideal for drivers and transit users alike. Maintenance fees include heat, water, building insurance, cable & internet. Don't miss this chance to own a spacious, flexible, and well-located home in a high-demand, growing neighborhood!

Key Facts & Features

Property Costs

Annual Property Tax Amount
$973
Land Transfer Tax Fee
$12,110

Condo/Maintenance Fee

Maintenance Fee
$622 /month

Included In Maintenance Fee

  • Heat Included
  • Common Elements Included
  • Building Insurance Included
  • Parking Included
  • Water Included
  • Cable TV Included

Rental Items

Rental Equipment
None

Basement Type
None

Interior Features

Pets Permitted
Yes-with Restrictions
Laundry Features
Common Area, Ensuite, Gas Dryer Hookup, Washer Hookup
Interior Extras
Carpet Free, Primary Bedroom - Main Floor
Fireplace/Stove
No
Elevator
No

Exterior Features

Balcony
None

Building

Building Type
Condo Apartment
Building Style
1 Storey/Apt
Condo Corp Number
3

Construction

Exposure
West
Exterior Finish
Brick
Special Designation
Unknown

Inclusions

Inclusions
Fridge, Dish washer, Stove, Microwave Oven, Washer and Dryer, Electric Light Fixtures included.

Exclusions

Exclusions
All staging items

Parking & Garages

Garage Type
Underground
Garage Spaces
1
Parking Type
Owned
Parking Spaces
1
Total Garage And Parking Spaces
1

Lockers

Locker Type
None

Heating & Cooling

Heat Source
Electric
Heat Type
Baseboard
Air Conditioning
Window Unit(s)

Bedrooms
2 + 2
Washrooms
1
Kitchens
1

Washrooms

  • 4-piece, Main

Municipality
Scarborough
Neighbourhood
Malvern
Main cross streets
Markham Rd and Sheppard Ave.
Directions
Markham Rd and Sheppard Ave.

MLS® number
E12279553
Data source
Toronto Regional Real Estate Board
Status change
2025-09-09
Listed on
2025-07-11
Days on market
60 days
Possession date
2025-07-08
Possession type
Immediate
Co-op commission
2.5% plus HST
Seller
Listed by
CENTURY 21 INNOVATIVE REALTY INC.

Home Market Value

Current home valuation for Unit 308, 5580 Sheppard Avenue E, Scarborough, Malvern, Scarborough, ON. Listed for $479,000

HOMEH Estimate

?

$444,000

Estimated Sales Range

?

$379,000 - $508,000

HOMEH Estimate for Unit 308, 5580 Sheppard Avenue E, Scarborough, Malvern

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

$444,000High confidence
Based on 7 comparable properties
+ $35,000 (8%) above our estimate
See the full analysisFree Every recent nearby sale behind this number

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Mortgage Payment Calculator

Compare up to 4 down payment scenarios

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Scarborough, ON
Minimum Down Payment Required:5.0%

5% of purchase price for homes $500K or less

Minimum down payment

$23,950

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$18,202$13,364$11,400$0
=Total mortgage
$473,252$444,464$418,550$383,200
Amortization
Mortgage rate
%
%
%
%
Payment frequency
=Mortgage payment
$2,311monthly$2,170monthly$2,044monthly$1,871monthly
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Land Transfer Tax

Provincial

$6,055

Municipal (Toronto)

$6,055

Total Land Transfer Tax

$12,110

Around this home

6/100Almost All Errands Require a Car
0/100Minimal Transit
0/100Not rated
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