Sheppard Point Condos
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1 Reidmount Ave
Sheppard Point Condos
1 Reidmount Aveexpand addresses list
    0Listings for Salefor Sale
    0Listings for Rentfor Rent
    Walk Score
    73
    Transit Score
    69
    Bike Score
    41
    © MapTiler © OpenStreetMap
    0
    CONDO Demand
    Average
    Unit Availability
    low
    Property Type
    Condo
    Developer
    Sheppard Point Holding LTD.
    Condo Completion
    1987
    Property Management
    Pro-House Management
    Unit Size Range
    1500 - 1875 SQFT
    Number of Units
    80
    Number of Storeys
    15

    1 Reidmount Ave, Toronto

    About this condo

    Condo Overview

    Sheppard Point Condos was built in 1987 and remains an appealing location for first time home buyers and families in search of affordable Agincourt condos. 1 Reidmount Ave is 15 storeys tall, with a boxy, traditional frame composed of concrete and lined with large windows. The look is certainly reminiscent of older condo designs, though, the building is well maintained.

    1 Reidmount Ave provides residents with some great shared amenities; saunas, an exercise room, a party room, a meeting room, a recreation room, a bicycle storage area, underground parking, and a concierge service.

    These Scarborough condos have low turnover and as such, rarely appear on the market.

    The Suites

    1 Reidmount Ave is a boutique building, comprising just 80 units spread across 15 storeys. Every unit in the building offers layouts in excess of 1500 square feet; the largest units are just under 1900 square feet. Toronto condos here are ideal for families or empty nesters who need more space than is found in modern condo residences.

    Sheppard Point Condos was constructed before the open concept craze swept residential developments, and many units still feature closed-off floor plans, so buyers will need to renovate if they want to open things up. Suites have large kitchens; most have modern appliances and large cabinets.

    Prospective buyers will likely encounter hard surface flooring in suites, however, there's no accounting for taste, and some could have carpet. Units don't have private balconies but instead feature large sunrooms — which make for a perfect home office. With the combination of low price per square foot and large floor plans, buyers get great value for their buck.

    The Neighbourhood

    Though this condo is located on Reidmount Ave, the building is just steps from a busy stretch of Sheppard Ave East. Numerous businesses are centered around the intersection of Kennedy Rd and Sheppard Ave East; there are well known chains like Domino's Pizza, and unique eateries such as Very Fair Chinese Restaurant and Kabob Guys - Afghan Grill.

    Residents can shop at the nearby Agincourt Mall — the selection is somewhat limited, but there’s an expansive commercial area just south the 401, including a shopping mall: Hudson's Bay Scarborough Town Centre. Nightlife options are few and far between, and mostly consist of restaurants that double as bars.

    Collingwood Park is close to the building for a stroll among the trees; residents of 1 Reidmount Ave can golf at Tam O'Shanter Golf Course or take the kids to Agincourt Arena for swimming and water based recreation programs. There are excellent schools in the neighbourhood, as well as libraries and other essential services.

    Transportation

    1 Reidmount Ave allows for many errands to be completed on foot; Walmart and No Frills are only an 8 minute walk from the building; Shoppers Drug Mart is just 5 minutes away and there are multiple banks in the surrounding area.

    Commuters who rely on GO Transit can reach Agincourt GO in only 3 minutes of walking. For shorter trips, there are bus stops on Kennedy and Sheppard.

    Car owners also have a great starting location as the nearest 401 on-ramp is only minutes away on Kennedy Rd.

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    Amenities

    Sauna
    Recreation Room
    BBQ
    Security System
    Visitor Parking
    Underground Parking
    Party/Meeting Room
    Gym

    Maintenance Fees Cover

    Maintenance fees include

    None

    Owner / renter pays separately

    Hydro
    Heat
    Air Conditioning
    Water

    Past Sold & Rented Listings

    Stats, Trends & Rankings

    Price Per Square Foot
    Sheppard Point Condos vs The Agincourt Area

    $265.00
    Less Expensive
    per SQFT compared to the neighbourhood average
    Sheppard Point Condos's Avg
    price per SQFT
    $354
    / SQFT
    Neighbourhood Avg
    price per SQFT
    $619
    / SQFT

    Building Trends At Sheppard Point Condos

    Days on Market

    Units at Sheppard Point Condos spend an average of
    27
    Days on Market
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    7%
    above
    the list price.

    Offer Competition

    Condos in this building have an

    AVERAGE
    chance of receiving
    Multiple Offers

    Turnover of Units

    On average, each unit is owned for
    10.4
    YEARS before being sold again

    Property Value

    19%
    Increase in property value within the past twelve months

    Price Ranking

    32nd
    Highest price per SQFT out of 36 condos in the Agincourt area

    Sold Units

    5
    Units were Sold over the past twelve months

    Rented Units

    1
    Units were Rented over the past twelve months

    Best Value

    Sheppard Point Condos offers the
    ?
    best value out of 36 condos in the Agincourt neighbourhood

    Return on Investment

    Sheppard Point Condos has the
    ?
    highest ROI out of 36 condos in the Agincourt neighbourhood

    Rental Yield

    Sheppard Point Condos yields the
    ?
    highest rent prices out of 36 condos in the Agincourt neighbourhood

    High Demand

    Sheppard Point Condos is the
    ?
    most popular building out of 36 condos in the Agincourt neighbourhood

    Sales vs Rental Values For This Condo

    3 Bed + Den1600 - 1800 SQFT
    Average Cost Per Sqft$332
    Sales Price Range$543,000 - $638,800
    Rental Price Range$2,550 - $2,550

    How Often Are Units Listed?

    3 Bed1718 - 1718 SQFT
    Average Sales Availability
    N/A
    Average Rental Availability
    N/A
    Ratio of Unit Type in Building2%
    3 Bed + Den1500 - 1875 SQFT
    Average Sales Availability
    Every69Days
    Average Rental Availability
    Every320Days
    Ratio of Unit Type in Building99%

    Maintenance Fees
    Sheppard Point Condos vs The Agincourt Area

    $0.03
    Less Expensive
    per SQFT compared to the neighbourhood average
    Sheppard Point Condos's Avg
    monthly maintenance
    fee per SQFT
    $0.54
    / SQFT
    Neighbourhood Avg
    monthly maintenance
    fee price per SQFT
    $0.57
    / SQFT

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