MLS® listing
1070 Sheppard Avenue W 508: condo apartment for sale
$489,000
From the listing brokerage
Welcome to Suite 508 at 1070 Sheppard Ave W, a bright, spacious and well-designed 1-bedroom plus den, 2-bathroom condo just steps from Sheppard West Station. The versatile den is ideal for a home office, study area, or additional living space, while two bathrooms provide added comfort and functionality. Enjoy abundant afternoon and evening sun, and clear views from the windows and balcony, with no neighbouring building directly facing your unit. The suite features several recent upgrades, including a Bosch 300 Series dishwasher with stainless steel interior installed in December 2025, an LG ultra-large capacity washer with steam technology, a replaced Whirlpool over-the-range microwave, and a high-performance dryer lint box retrofit completed in September 2025. Enjoy an excellent selection of building amenities, including an indoor pool, gym, sauna, sports simulator, media room, community barbecue area, and parkette. Residents also have access to a party room and guest suite available for rental. The well-managed and well-maintained building is backed by a healthy reserve fund, offering residents a comfortable condominium community with well-kept common areas and amenities. Location is a major highlight: Sheppard West Subway Station and Bus Terminal are less than one block away, offering quick and convenient TTC access throughout Toronto, including easy connections to York University, the University of Toronto, and the downtown core. Commuters also benefit from nearby Downsview Park GO Station, Allen Road, and Highway 401, with Pearson International Airport an easy drive away. Everyday shopping and entertainment are close at hand, with Costco, Yorkdale Shopping Centre, grocery stores, restaurants, cafés, and essential services all nearby. Spend weekends at Downsview Park, explore nearby recreation facilities and trails, or enjoy concerts and major events at Rogers Stadium. Families will appreciate proximity to neighbourhood schools, including William Lyon Mackenzie.
Facts on the listing
| Square feet | 700-799 |
|---|---|
| Style | Apartment |
| Basement | None |
| Parking spaces | 1 |
| Garage | Underground |
| Heating | Fan Coil |
| Cooling | Central Air |
| Kitchens | 1 |
| Maintenance fee | $666 |
| Property tax | $2,731 |
| Tax year | 2026 |
| Locker | Owned |
| Pets | Yes-with Restrictions |
| Exposure | South West |
| Fee includes | Heat Included, Water Included, Common Elements Included, Building Insurance Included, Parking Included |
| Building amenities | Gym, Guest Suites, Indoor Pool, Media Room, Party Room/Meeting Room, Sauna |
| Balcony | Open |
| Laundry | Ensuite |
| Parking | Underground |
| Interior features | None |
| Features | Park, Public Transit |
| Floor | 5 |
Listing courtesy of RED HOUSE REALTY. MLS® W13823548.
About this condo apartment
1070 Sheppard Avenue W 508 is a 2 bedroom condo apartment in TRREB's York University Heights community in Toronto, listed for sale at $489,000. The listing shows 2 bathrooms and 700-799 square feet. The style is given as apartment. The unit faces south west. It comes with 1 parking space, an underground garage and a locker (owned) according to the listing. The nearest main intersection given is Sheppard Ave W and Allen Rd..
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: gym, guest suites, indoor pool, media room, party room/meeting room and sauna.
What it costs to buy 1070 Sheppard Avenue W 508
At the asking price of $489,000, 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 | $489,000 |
|---|---|
| Ontario land transfer tax | $6,255 |
| Toronto municipal land transfer tax | $6,255 |
| Both taxes | $12,510 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $24,450 |
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 | $666 a month |
|---|---|
| Property tax (2026) | $2,731 a year, about $228 a month |
| Fee and tax together | about $893 a month |
The listing says the maintenance fee includes heat, water, common elements, building insurance and parking. 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 $489,000, which is $61,000 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 and a locker. 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 1070 Sheppard Avenue W 508
How much is land transfer tax on 1070 Sheppard Avenue W 508?
At the asking price of $489,000 the Ontario tax is $6,255 and the Toronto tax is $6,255, $12,510 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 1070 Sheppard Avenue W 508?
$24,450 at the asking price of $489,000, under the federal minimum down payment rules. A lender may require more.
What is the maintenance fee at 1070 Sheppard Avenue W 508?
The listing shows $666 a month, including heat, water, common elements, building insurance and parking. Check the current fee in the status certificate.
How much is the property tax on 1070 Sheppard Avenue W 508?
The listing shows $2,731 a year for 2026, about $228 a month.
Is 1070 Sheppard Avenue W 508 priced above or below the median?
It is listed at $489,000. The August 2026 median for condo apartment sales in the City of Toronto was $550,000 across 885 sales, so the asking price is $61,000 lower. The median covers all sizes and neighbourhoods.
How do I book a showing for 1070 Sheppard Avenue W 508?
Use the form on this page or call us. Quote MLS® W13823548. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 1070 Sheppard Avenue W 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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