2992 Sheppard Avenue East

Reasons to Buy*

POPULATION INCREASE & ECONOMICAL OUTLOOK

Toronto is Canada’s largest city, now home to a population of approximately 3.37 million residents (6.6 million in the Greater Toronto Area). As of February 2026, the city continues to navigate a persistent housing “supply gap.” While provincial mandates target 285,000 new homes by 2031, current CMHC data suggests that despite a temporary moderation in 2026 sales, the city is still on track for a shortage of over 100,000 homes by the end of the decade. 2992 Sheppard Avenue East is strategically located in a high-demand growth corridor where the L’Amoreaux neighborhood is benefiting from sustained urban revitalization. This imbalance ensures that transit-oriented residential assets in North Scarborough continue to see increased real estate values and robust rental rates as supply fails to keep pace with migration.

CONNECTIVITY & TRANSPORTATION

2992 Sheppard Avenue East offers elite regional connectivity, perfectly located for all modern transportation needs. Residents are steps from multiple TTC bus routes and just 5 minutes from the Don Mills Subway Station (Line 4), where a short commute connects you to the Yonge-University line. For regional rail, the Agincourt GO Station is just 5 minutes away, offering a direct 29-minute trip to Union Station. A major milestone for the area was the official opening of the Eglinton LRT (Line 5) on February 8, 2026, which has drastically improved cross-town travel. For motorists, the site is just 2 minutes from Highway 401, connecting to Highway 404 and the Don Valley Parkway in less than 5 minutes, ensuring total mobility across the GTA and toward Pearson International Airport.

LOCATION ADVANTAGES OF 2992 SHEPPARD AVENUE EAST

Ideally situated at the intersection of Sheppard Avenue East and Pharmacy Avenue, this 15-storey development offers a sophisticated balance of urban amenities and natural beauty. Residents are just 5 minutes from CF Fairview Mall, featuring over 160 premium stores, and 7 minutes from the Scarborough Town Centre, the largest shopping center in the East End. The location is a premier choice for students and faculty, located 9 to 12 minutes from Seneca Polytechnic, Centennial College, and the University of Toronto Scarborough. For outdoor enthusiasts, a 6-minute drive leads to the East Don Parkland, providing access to a string of parks along the Don River, including Betty Sutherland Trail Park and Villaways Park, perfect for hiking and cycling.

THE REPUTABLE DEVELOPER BEHIND 2992 SHEPPARD AVENUE EAST

The project is being developed by 95 Developments, a leading real estate firm known for its commitment to high-quality architectural design and service excellence across the GTA. With a portfolio that includes thousands of residential units and significant commercial space, the team is renowned for creating innovative urban landmarks like Victoria Garden and Sheppard Garden. For 2992 Sheppard Avenue East, they have collaborated with the acclaimed Kirkor Architect + Planners to design a striking 15-storey building featuring a bold zigzag motif and 158 exclusive suites. Their track record for delivering quality construction and strategic, transit-linked locations provides investors and homeowners with unwavering confidence in the long-term value and design integrity of this Scarborough development

2992 Sheppard Avenue East Quick Facts*

Developer: Ambria Homes
Address: 2992 Sheppard Avenue East, Scarborough
Nearest Intersection: Victoria Park & Sheppard
Pricing: Anticipated to Start From the $400’s
Occupancy: 2022
Storeys / Suites: 18 Storeys / Units TBA
Suite Types: TBA
Suite Sizes: TBA
Maintenance Fees: TBA
Deposit Structure: TBA
Incentives: Platinum VIP Pricing & Floor Plans, First Access to the Best Availability, Capped Development Levies, Assignment, Free Lawyer Review of Your Purchase Agreement, Free Mortgage Arrangements, Stainless Steel Appliances, Exclusive 1 Year Free Leasing Services & 1 Year Free Professional Property Management Services*
Suite Features: TBA