MLS® listing
5 Old Sheppard Avenue 508: condo apartment for sale
$419,000
From the listing brokerage
This listing describes a freshly renovated 2-bedroom condo offering 950 square feet of legal sq footage in Toronto's desirable Pleasant View neighbourhood. It features a bright south-west exposure, a gate-secured community, and a highly competitive, all-inclusive maintenance structure that covers dual cable outlet and all utilities (heat, hydro, and water).Recent Renovations: The unit has been updated throughout with a refreshed kitchen and bathrooms, newer flooring, newer sinks and faucets, updated vanities, and a fresh coat of paint.Layout & Comfort: Spans over 950 sq. ft. featuring large bedrooms, in-suite laundry, and a generous private balcony with bright south-western views.Parking : Comes with 1 dedicated underground parking space - additional outdoor parking available for $50 monthly fee from condo management. Amenities: Located in a well-maintained gated community with premium facilities including a 7 days access convenience store in the lobby, an indoor pool, sauna, fitness centre, basketball, squash, and tennis courts, billiards, table tennis, a party room, and a BBQ area.Location/Commuting Convenience : Situated just on the border of the Pleasant View and Don Valley Village area, this location is an exceptional hub for drivers and transit riders alike. Transit Access At Door Step, Within walking distance to the TTC Subway (Don Mills Station, Line 4) and major bus routes.Highway Connectivity: Minutes away from major arteries including Highway 404, 401, and the 407 ETR for quick travel across the Greater Toronto Area (GTA).Shopping & Lifestyle: Close proximity to premium retail hubs like Fairview Mall and the Shops at Don Mills, as well as local schools, parks, and restaurants.
Facts on the listing
| Square feet | 900-999 |
|---|---|
| Style | Apartment |
| Basement | None |
| Parking spaces | 1 |
| Garage | Underground |
| Heating | Forced Air |
| Cooling | Central Air |
| Kitchens | 1 |
| Rooms | 5 |
| Maintenance fee | $1,192 |
| Property tax | $1,934 |
| Tax year | 2026 |
| Locker | None |
| Pets | Yes-with Restrictions |
| Exposure | South West |
| Fee includes | Cable TV Included, CAC Included, Common Elements Included, Heat Included, Hydro Included, Building Insurance Included, Parking Included, Water Included |
| Building amenities | BBQs Allowed, Indoor Pool, Squash/Racquet Court, Tennis Court, Visitor Parking, Exercise Room |
| Balcony | Open |
| Laundry | In-Suite Laundry |
| Parking | Underground |
| Interior features | Primary Bedroom - Main Floor |
| Features | Hospital, Library, Rec./Commun.Centre, Public Transit, Ravine, School |
| Floor | 5 |
Listing courtesy of CENTURY 21 LEADING EDGE REALTY INC.. MLS® C13758226.
About this condo apartment
5 Old Sheppard Avenue 508 is a 2 bedroom condo apartment in TRREB's Pleasant View community in Toronto, listed for sale at $419,000. The listing shows 2 bathrooms and 900-999 square feet. The style is given as apartment. The unit faces south west. It comes with 1 parking space and an underground garage according to the listing. The nearest main intersection given is Sheppard/Hwy404.
These details come from the listing brokerage through TRREB's MLS® System. Room sizes, parking and locker ownership and what the fee covers should all be checked against the status certificate before an offer is firm.
Building amenities on the listing: bbqs allowed, indoor pool, squash/racquet court, tennis court, visitor parking and exercise room.
What it costs to buy 5 Old Sheppard Avenue 508
At the asking price of $419,000, a buyer pays two land transfer taxes on closing: the Ontario tax and the City of Toronto's municipal tax. Both apply to every home inside the City.
| Asking price | $419,000 |
|---|---|
| Ontario land transfer tax | $4,855 |
| Toronto municipal land transfer tax | $4,855 |
| Both taxes | $9,710 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $20,950 |
The down payment figure is the federal minimum: 5 percent of the price. A lender can ask for more. These figures use the asking price, so they change if you pay more or less. Legal fees, title insurance and adjustments are extra: ask your lawyer for a written quote. This is general information, not legal or tax advice. Confirm the figures with a lawyer or accountant. You can change the price in our land transfer tax calculator and our mortgage calculator.
What it costs to own each month
| Maintenance fee | $1,192 a month |
|---|---|
| Property tax (2026) | $1,934 a year, about $161 a month |
| Fee and tax together | about $1,353 a month |
The listing says the maintenance fee includes cable tv, cac, common elements, heat, hydro, building insurance, parking and water. That is before a mortgage payment, home insurance and any utilities the fee does not cover. Fees are set each year in the corporation's budget and can change. The status certificate shows the current fee, the budget behind it and the reserve fund.
How the asking price compares
TRREB recorded 885 condo apartment sales in the City of Toronto in August 2026, at a median price of $550,000 and an average of $651,648. This home is listed at $419,000, which is $131,000 below that median.
The median covers every neighbourhood, size and condition in the City of Toronto, so it is a reference point and not a valuation of this home. Location, size, lot, parking and condition all move the price. Our Toronto house prices page has the figures for every home type.
What to check before you make an offer
- Order the status certificate. A condo corporation must provide it within 10 days of a request and can charge up to $100. It shows the fee for this unit, any arrears, the budget, the reserve fund balance and any special assessment or lawsuit the corporation knows about.
- Have a lawyer read it. The certificate comes with the declaration, by-laws and rules. Ask what they say about pets, renting the unit and renovations. The listing gives pets as "Yes-with Restrictions".
- Confirm the parking and locker. The listing shows 1 parking space. Ask whether each is owned, exclusive use or rented. Get the unit numbers.
- Check the reserve fund study. Ask when the last study was done and what it says about contributions.
- Get your financing in writing. A lender looks at the maintenance fee and the property tax as well as the price.
- See it in person. The listing has a virtual tour, but photos do not show noise, light at different hours or the state of the hallways and elevators.
Our first-time home buyer guide and our page for buyers walk through each step. This is general information, not legal advice. Confirm the details with a lawyer.
Toronto neighbourhoods and prices
Our neighbourhood guides set out TRREB prices by home type, transit and the housing in each area we cover.
Toronto neighbourhood guides · Toronto house prices · All Toronto homes for sale
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Questions about 5 Old Sheppard Avenue 508
How much is land transfer tax on 5 Old Sheppard Avenue 508?
At the asking price of $419,000 the Ontario tax is $4,855 and the Toronto tax is $4,855, $9,710 in total. A first-time buyer who qualifies can get up to $8,475 back. Confirm the final figures with your lawyer.
What is the minimum down payment for 5 Old Sheppard Avenue 508?
$20,950 at the asking price of $419,000, under the federal minimum down payment rules. A lender may require more.
What is the maintenance fee at 5 Old Sheppard Avenue 508?
The listing shows $1,192 a month, including cable tv, cac, common elements, heat, hydro, building insurance, parking and water. Check the current fee in the status certificate.
How much is the property tax on 5 Old Sheppard Avenue 508?
The listing shows $1,934 a year for 2026, about $161 a month.
Is 5 Old Sheppard Avenue 508 priced above or below the median?
It is listed at $419,000. The August 2026 median for condo apartment sales in the City of Toronto was $550,000 across 885 sales, so the asking price is $131,000 lower. The median covers all sizes and neighbourhoods.
How do I book a showing for 5 Old Sheppard Avenue 508?
Use the form on this page or call us. Quote MLS® C13758226. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 5 Old Sheppard Avenue 508 still for sale?
This page is refreshed from TRREB's MLS® System through the day. If the listing sells or is withdrawn the page says so. Contact us to confirm before you make plans.
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