2992 Sheppard is a 15-storey condo at Sheppard Avenue East and Pharmacy Avenue, on the western edge of Scarborough. The builder, 95 Developments, has made two promises that are worth more than a long amenity list: every suite has a balcony or terrace, and no suite has an interior bedroom.
Why “no interior bedrooms” matters
Many Toronto condos built in the last decade have a second bedroom in the middle of the suite, with a sliding glass door and no window. These suites are harder to resell and harder to rent, and some lenders value them lower.
A building where every bedroom has a window is easier to live in and easier to sell later. The builder also says there are a limited number of suites on each floor, which usually means shorter corridors and less waiting for elevators.
Price and deposit
Prices start at $566,100. The City of Toronto’s average resale condo sold for $651,648 in August 2026, so the starting price is about $85,000 lower. In Scarborough, resale condos generally sell below the city average, so ask us for recent sales in the buildings along Sheppard between Victoria Park and Kennedy for a closer comparison.
The deposit is 10 per cent, paid within 215 days. That is $56,610 on the starting price. It is a small deposit collected quickly, which fits a building due to complete in 2027.
Getting around
- Highways 401 and 404: about two minutes
- Don Mills subway station and Fairview Mall: about five minutes
- Scarborough Town Centre: about seven minutes
- Agincourt GO station: about 15 minutes
These are the builder’s drive times. The marketing mentions a proposed extension of the Sheppard subway. That project is still at the planning stage with no confirmed opening date, so do not pay extra for it.
Questions to ask
- How many suites are on each floor?
- Is parking included at the starting price?
- What month in 2027 is occupancy expected?
- What are the estimated maintenance fees?
Closing costs at the starting price
Land transfer tax on $566,100 in Toronto is about $15,594, or $7,119 for a first-time buyer after rebates, including Toronto's municipal tax. New homes also carry builder closing adjustments such as development charges, utility connections and Tarion enrolment, which are set out in the agreement and are often capped on request. Have a lawyer review the agreement during the 10-day cooling-off period on a new condominium. The land transfer tax calculator and the HST rebate guide cover the rest.