$424,900

For sale

#1005 5 Buttermill Avenue, Vaughan (Vaughan Corporate Centre) - Single Family for Sale

#1005 5 Buttermill Avenue, Vaughan (Vaughan Corporate Centre), Ontario, L4K0J5

2 beds2 baths0 parking650 ft²$480/mo condo feeListed 16 days ago

Overview

This 2-bedroom, 2-bathroom condo in Vaughan is for sale offering roughly 650 sq ft of space. Listed at $424,900, it is attractively priced about 17% below the $515,000 median asking price in Vaughan. It has been on the market 16 days, fresher than the Vaughan average of 74 days.

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Description

Welcome to Suite 1005 at Transit City 2, a south-facing 2-bedroom, 2-bathroom condo in the heart of the Vaughan Metropolitan Centre. Approximately 638 sq ft (per MPAC) with carpet-free laminate floors throughout and an open living and dining area that walks out to an open balcony. The kitchen features built-in stainless steel appliances and stone counters. The primary bedroom has a large window and its own ensuite bath, and the second bedroom has sliding doors and a closet. Ensuite laundry. Building amenities include a gym, outdoor pool, rooftop deck and garden, party and meeting room, and guest suites. Steps to VMC subway station and the bus terminal, with restaurants, shopping and the community and recreation centre close by, plus quick access to Highways 7, 400 and 407. A great fit for first-time buyers and investors alike. (id:66096)

Property Details

MLS®: N14092560
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 0
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Pool: Yes
Condo Fee: $480/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Property Tax: $2,452.5/yr
Listed: 16 days ago

Rooms

Main level

Living room: 3.05 x 2.56 meters
Dining room: 3.05 x 2.56 meters
Kitchen: 3.38 x 2.9 meters
Primary Bedroom: 3.2 x 2.95 meters
Bedroom 2: 2.46 x 2.46 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave, Window Coverings
Flooring: Laminate
Exterior: Concrete
Lot Features: Balcony, Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

16d

Vaughan (Vaughan Corporate Centre) listings, avg age

74d

Price / ft²

$654

List price

$425K

Homes here sell faster than most markets

Sold homes in this market spent an average of 34 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

This 2-bed single family in Vaughan (Vaughan Corporate Centre) has been listed for 16 days, which is 58 days fresher than the city average of 74. Act while there is still low competition.

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Listed by RIGHT AT HOME REALTY · MICHAEL BOATENG

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L4K)

This home lists at $424,900, about 4.6× the local median household income of $92,000.

Carrying it typically needs a household income of about $82,998 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $92,000
Population: 20,172
Median age: 37.6
Owner / renter: 68% / 32%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA L4K)

$424,900· $654/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $21,245

Min 5%50%

Mortgage payment$2,238/mo

↳ CMHC premium ($16,146 capitalized)

Property tax (est.)$204/mo

Condo fee$480/mo

Total monthly$2,923

Cash Needed to Close

Down payment (5%)$21,245

Land transfer tax$4,973

Est. closing costs$3,775

Total cash needed$29,993

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