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$715,000
1070 Sheppard Avenue · Toronto · Ontario M3J 0G8
131 days on market
Rarely Available Penthouse Suite in a Highly Sought-After Location. Experience elevated living in this bright and spacious two-storey 2+1 bedroom, 3-bathroom penthouse, offering close to 1,200 sq. ft. of elegant living space. Designed with an exceptional open-concept layout and stylish upgrades throughout, this residence blends luxury with comfort. The modern kitchen features stainless steel appliances, quartz countertops, tile backsplash, and upgraded cabinetry. Step inside to a bright and airy…
Could save you thousands on this purchase — closing strategy, negotiation & rebate.
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Seller signals
↓ $34KPrice reduction
MLS shows the seller reduced the asking price by $34,000 (from $749,000 to $715,000).
Motivated SellerWhy this label
Labels reflect MLS fields and listing history in our database — not an opinion on fair market value.
Property history
Comparable sales
Brokered by: SUTTON GROUP REALTY SYSTEMS INC.
Source: TRREB/PROPTX · MLS® W13443156
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20%+ down — no CMHC premium
≈ $0.07/ft² × ~1,100 ft² · ON avg ~$75/mo
Typical ON gas-heated home · ~$125/mo
ON municipal avg ~$60/mo
ON internet/TV avg ~$70/mo
1% of value/yr — standard reserve
Landscaping & snow removal · $0 default
$100/mo default · adjust for your home
Optional monitoring · $0 default
From listing or typical fee
Cost composition
Mortgage is 42% of your true cost of ownership. The other 58% surprises most first-time buyers.
Full breakdown
| Mortgage & financing | ||
| Mortgage (P+I) | $32,550 | $2,712/mo |
| Government & taxes | ||
| Property tax | $4,200 | $350/mo |
| Land transfer tax(closing) | $10,775 | $898/mo |
| Insurance & protection | ||
| Home insurance | $1,200 | $100/mo |
| Title insurance(closing) | $400 | $33/mo |
| Utilities | ||
| Hydro / electricity | $900 | $75/mo |
| Gas | $1,500 | $125/mo |
| Water & sewer | $720 | $60/mo |
| Internet / TV / phone | $840 | $70/mo |
| Maintenance & upkeep | ||
| Maintenance reserve (1.0%) | $7,150 | $596/mo |
| Condo fees | ||
| Condo / HOA fees | $12,031 | $1,003/mo |
| Closing costs (one-time) | ||
| Legal / lawyer(closing) | $2,500 | $208/mo |
| Home inspection(closing) | $600 | $50/mo |
| Moving costs(closing) | $2,000 | $167/mo |
| Total | $77,366 | $6,447/mo |
Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.