Overview

This 2-bedroom, 2-bathroom condo in Vaughan is for sale offering roughly 650 sq ft of space. It has been on the market 51 days, fresher than the Vaughan average of 73 days.

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Description

Welcome to modern urban living in the heart of Vaughan Metropolitan Centre! This bright and stylish 2-bedroom, 2-bathroom southeast corner suite is the perfect opportunity for first-time home buyers, young professionals, or investors looking to enter one of the GTA's fastest-growing communities. Enjoy breathtaking unobstructed views of downtown Toronto and the CN Tower from every room, enhanced by floor-to-ceiling windows that fill the space with natural light. Step out onto your spacious 105 sq. ft. balcony and enjoy your morning coffee or unwind after a busy day.Designed with both comfort and functionality in mind, the thoughtfully laid-out split-bedroom floor plan offers privacy for working professionals, guests, or future family needs. Features include a modern upgraded kitchen, sleek laminate flooring throughout, and contemporary finishes that create a move-in-ready lifestyle. Location is everything, and this one delivers. Situated directly across from the Vaughan Metropolitan Centre TTC Subway Station, you'll be just 5 minutes from York University and approximately 30 minutes to downtown Toronto. With quick access to Highways 7 and 400, commuting throughout the GTA is effortless. Whether you're looking to stop renting, build equity, or enjoy the convenience of transit-oriented living, this is an exceptional opportunity to own in one of Vaughan's most sought-after condominium communities. (id:66096)

Property Details

MLS®: N13785268
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: Garage, Underground
Condo Fee: $622/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Property Tax: $3,172.54/yr
Listed: 51 days ago

Market Timing

Days on market

51d

Vaughan (Vaughan Corporate Centre) listings, avg age

73d

Price / ft²

$847

List price

$550K

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.

Area context

Neighbourhood profile (L4K)

This home lists at $549,900, about 6.0× the local median household income of $92,000.

Carrying it typically needs a household income of about $107,415 (20% down, 25-yr amortization, stress-tested) — roughly 17% above 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)

$549,900· $847/ft²

For sale

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Full Cost Breakdown

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Down Payment5.45% · $29,990.00

Min 5.45%50%

Mortgage payment$2,882/mo

↳ CMHC premium ($20,796 capitalized)

Property tax (est.)$264/mo

Condo fee$622/mo

Total monthly$3,768

Cash Needed to Close

Down payment (5.45%)$29,990

Land transfer tax$7,473

Est. closing costs$4,150

Total cash needed$41,613

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Investment analysis

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#2905 1000 Portage Parkway, Vaughan (Vaughan Corporate Centre) - Single Family for Sale