205 Sherway Gardens Rd, Etobicoke: Condo Building Guide (820 Units)

Over the last 12 months the median resale at 205 Sherway Gardens Rd was $515,000, across 6 sales. The typical unit sold in 14 days at about 97% of the asking price. That works out to roughly $698 per square foot.

The median lease at 205 Sherway Gardens Rd over the last 12 months was $2,300/mo, from 29 leases. Units typically leased in 19 days.

Over the last 24 months: Studios rented for $2,000/mo; One-bedrooms sold for a median $472,500 and rented for $2,200/mo; One-bedroom-plus-dens sold for a median $527,500 and rented for $2,400/mo; Two-bedrooms sold for a median $578,000 and rented for $2,950/mo; Two-bedroom-plus-dens rented for $3,175/mo. Each median uses three or more deals.

Down about 27%. The median sold price per square foot was $960 in 2022 and $698 over the last 12 months. Pricing off 2022 comparables is the most common mistake sellers make here.

At a median price of $515,000 and a median rent of $2,300 a month, the gross yield is about 5.4%, before maintenance fees, property tax, insurance and mortgage interest. Net cash flow depends on the fee and your down payment, so run the numbers for the exact unit.

Mostly renters. Of the deals here in the last 24 months, 82% were leases and 18% were sales.

Only in limited cases. Toronto allows short-term rentals only in your principal residence, a whole unit for at most 180 nights a year, with a $390 yearly City registration and 6% accommodation tax. The City’s register shows no active short-term rental registrations at this address. The condo’s declaration and rules can ban short stays outright, so check them in the status certificate.

None on record. Ontario requires residential buildings to report elevator outages of 48 hours or more to TSSA, and this address has no reported outage since July 2022.

For TDSB public schools, the address is zoned for Lanor Junior Middle School (Elementary & middle, JK–8), Lakeshore Collegiate Institute (High school, Gr 9–12). Catholic and French-language schools are listed on this page by distance. Boundaries change, so confirm with the board before you buy.

The nearest subway is Kipling station (Line 2 Bloor–Danforth), 3.6 km away; the nearest GO station is Long Branch GO on the Lakeshore West line, 2.1 km; the 501 Queen / 507 Long Branch streetcar stops 2.2 km away; the closest bus is the 123 Sherway (TTC bus). Distances are straight-line from the building.

Walk Score 84, Transit Score 53 and Bike Score 53. Most daily errands can be done on foot.

Within about a 10-minute walk: Honestly Good Chicken Fingers (Chicken), Fresh Kitchen + Juice Bar (Restaurant), Joey (Regional), Cactus Club Cafe (International), The Keg (Steak house).

Bisset Park, Alderwood Memorial Park, Laughton Heights Park are the closest green spaces.

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