3121 Sheppard Avenue E & 3015 Sheppard Avenue E

Everything You Need to Know About 3121 Sheppard Ave East

The Wish Condos is an 18-storey development containing 275 units. Anyone looking for a Scarborough condo for sale in the Tam O’Shanter neighbourhood may want to consider their options here. Built in 2019, this condo has an average demand ranking per Strata.ca analytics. With plenty of local amenities nearby, and close proximity to Highway 401, it’s no surprise that this building is one of the most popular in the area.

Price of condos at 3121 Sheppard Ave East

In terms of price per-square-foot, the average cost is $876 and units tend to sell for -1.57% below the list price.

Based on sales over the past year, prices can range from $530,000 for a one bedroom, up to $650,000 for a 2 bedroom. The average price for rentals can range anywhere from $1,950 to $3,300 a month.

How many condos have sold and rented at 3121 Sheppard Ave East?

In the past 12 months alone, 31 units have rented, and 8 have sold.

On average, a condo will sell in 11 days and rent in 15, meaning this condo is in high demand.

The Suites

Units offer a lot of versatility in terms of both size and layout. You’ll find one bedroom suites as small as 500 square feet, ranging up to 2 bedrooms plus den for 1,099 square feet.

The interiors are what you’d expect from a modern-day suite, allowing residents to decorate how they please. Bright, open and spacious, each unit comes with a balcony. Those lucky enough to live in a south-facing suite will have access to private terraces overlooking Wishing Well Woods, and offering great views of the city.

What amenities does Wish Condos offer?

This building offers the standard amenities you’d find in today's condos. They include:

• Concierge
• Security System
• Gym
• Indoor Pool
• Concierge
• Guest Suites
• Party Room
• Underground Parking

Condo Fees

Maintenance fees are $0.67 per-square-foot, which is higher than the neighbourhood average of $0.65 per-square-foot.

Your condo fees will be used to pay for the building's upkeep. All residents must pay separately for:

• Hydro
• Heat
• Air conditioning
• Water

The Neighbourhood

Those living at 3015 Sheppard Avenue East have plenty of choice when it comes to local amenities. For instance, you’ll never have to travel far for dining out. A 7-minute walk will bring you to Tasty Shawarma, Dairy Queen Grill & Chill and Pizza Nova. On busy mornings, there’s still time for coffee with Le Cafe Michi, Starbucks and Tim Hortons a quick 12-minute walk away.

If you prefer cooking at home, groceries are easy thanks to Hong Tai Supermarket, Food Basics and Food Depot Supermarket all within a 10-minute drive.

On weekends, there are plenty of parks nearby to keep your family busy, including Wishing Well Woods, Vradenberg Park and Vradenburg Park, less than 13 minutes away by foot.

What is the walk score of 3121 Sheppard Ave East?

With a walk score of 72, this development is located in one of Scarborough's more walkable locations. The transit score is 76, offering an impressive public transportation network. And the bike score is decent at 53, meaning there is some cycling infrastructure available.

What is the local real estate market like?

The Tam O’Shanter neighbourhood is one of Scarborough’s more active real estate markets. Lately, buyers have had the upper hand. Properties, on average, selling for about 2% below the asking price. Homes here typically sell within 15 to 20 days on market.

As for rentals, the landscape is relatively balanced with tenants paying less than 0.5% above the asking price. The average lease here is hovering at about $2,700.

Building Age

Completed in 2019 by Liberty Development Corporation, this is one of Scarborough’s newer developments, offering all the comforts of a modern-day condo.

Transportation

The bus stop at Sheppard and Pharmacy is literally steps from Wish Condos. Travelling west will eventually bring commuters to Don Mills Station, just past the 404. Going east, however, will bring you to McCowan Ave, which offers plenty of shopping and dining options at Scarborough Town Centre.

Drivers can easily travel to various parts of the city by hopping onto Highway 401, just south of 3015 Sheppard Avenue East. From there, you can drive west to North York or east to the suburbs, including Pickering.

Summary

3121 Sheppard Avenue East is considerably more expensive per square foot than the neighbourhood average. After all, it does have the third-highest price out of 24 other properties in the area. But many buyers are willing to overlook this, due to the condo’s prime location and high-quality amenities. If you’d still like to compare other nearby options, you may want to check out 2020 Pharmacy Avenue, 40 Chichester Place and 3220 Sheppard Avenue E — all within walking distance.