$648,900

For saleJust listed

#101 5 Emerald Lane, Vaughan (Crestwood-Springfarm-Yorkhill) - Single Family for Sale

#101 5 Emerald Lane, Vaughan (Crestwood-Springfarm-Yorkhill), Ontario, L4J8P7

2 beds2 baths2 parking1,300 ft²$1,185/mo condo feeListed Today

Overview

This 2-bedroom, 2-bathroom condo in Vaughan is for sale offering roughly 1,300 sq ft of space. Listed at $648,900, it is attractively priced about 6% below the $689,900 median asking price in Vaughan. It has been on the market 0 days, fresher than the Vaughan average of 63 days.

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Description

Imagine a Condo That Feels Like a House: A Spacious 1,225 Sq. Ft. 2-Bedroom, 2-Bathroom Suite With a Walkout to Your Own 224 Sq. Ft. Backyard Terrace . The Northwest-Facing Exposure, Ceiling to Floor Windows & 10 Foot Ceilings Allow for Natural Light All Day From Every Room. The Kitchen is Equipped With Tons of Counter Space, Full Size Appliances & Is Enhanced By A Custom Pantry, Offering Added Storage Plus the Eat-In Kitchen Area Offers Everyday Functionality. The Living & Dining Rooms Feature New Flooring (2023) & The Perfect Entertainment Space For Any Crowd. Retreat To The Tucked Away Generously Sized Principal Bedroom, Complete With A Walk-In Closet, 4PC Ensuite & New Broadloom (2023). The Second Bedroom Has a Double Closet & Room For a King Size Bed With a W/O To The Terrace. Enjoy The Added Convenience Of An Extra-Large Locker For All Your Storage Needs & 2 Parking Spots (Tandem). Beyond Your Suite, Enjoy An Impressive Selection Of Amenities, Including An Exercise Room, Outdoor Pool, Party/Meeting Room & Ample Visitor Parking. Ideally Situated Just Steps From Transit, Places of Worship, Grocery Stores & Minutes Away from Promenade Mall. Enjoy the Best of Both Worlds With The Feel of a House, a Walkout To Your Own Main-Floor Terrace, & All The Convenience of Condo Living-Without The Upkeep, In The Heart of Thornhill. (id:66096)

Property Details

MLS®: N14148490
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 2
Interior Size: 1,300 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Condo Fee: $1,185/mo
Fee Includes: Common Area Maintenance, Water, Insurance
Ownership: Condo/Strata
Property Tax: $2,894/yr
Listed: Today

Rooms

Flat

Foyer: 1.55 x 1.93 meters
Kitchen: 3.35 x 2.57 meters
Dining room: 3.05 x 2.67 meters
Living room: 6.3 x 3.38 meters
Primary Bedroom: 4.29 x 3.18 meters
Bedroom 2: 3.96 x 2.77 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, Window Coverings
Flooring: Tile, Laminate, Carpeted
Exterior: Concrete
Lot Features: Wheelchair access, Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Vaughan (Crestwood-Springfarm-Yorkhill) listings, avg age

63d

Price / ft²

$499

List price

$649K

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 (Crestwood-Springfarm-Yorkhill) has been listed for 0 days, which is 63 days fresher than the city average of 63. Act while there is still low competition.

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Listed by RE/MAX HALLMARK REALTY LTD. · RACHEL GOLD LEVY

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L4J)

This home lists at $648,900, about 5.6× the local median household income of $115,000.

Carrying it typically needs a household income of about $126,753 (20% down, 25-yr amortization, stress-tested) — roughly 10% above the area median.

Median household income: $115,000
Population: 75,120
Median age: 45.6
Owner / renter: 85% / 15%
Avg. household size: 2.8

Source: Statistics Canada, 2021 Census (FSA L4J)

$648,900· $499/ft²

For sale

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Full Cost Breakdown

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Down Payment6.15% · $39,890

Min 6.15%50%

Mortgage payment$3,376/mo

↳ CMHC premium ($24,360 capitalized)

Property tax (est.)$241/mo

Condo fee$1,185/mo

Total monthly$4,803

Cash Needed to Close

Down payment (6.15%)$39,890

Land transfer tax$9,453

Est. closing costs$4,447

Total cash needed$53,790

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