$580,000

For sale

#4015 225 COMMERCE Street, Vaughan (Vaughan Corporate Centre) - Single Family for Sale

#4015 225 COMMERCE Street, Vaughan (Vaughan Corporate Centre), Ontario, L4K0R1

2 beds2 baths0 parking550 ft²$486/mo condo feeListed 21 days ago

Overview

This 2-bedroom, 2-bathroom condo in Vaughan is for sale offering roughly 550 sq ft of space. It has been on the market 21 days, fresher than the Vaughan average of 74 days.

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Description

Stunning 1-Bedroom Plus Den Suite at Festival Condos by Menkes - Right in the Heart of Vaughan Metropolitan Centre! This stylish, one-year-new home features a functional, open-concept layout with soaring ceilings and floor-to-ceiling windows on the 40th floor, flooding the space with natural sunlight and offering breathtaking views and a private balcony. The spacious den is perfect as a second bedroom or home office, complemented by two full 4-piece bathrooms with deep soaking tubs and glass enclosures. The modern kitchen is equipped with a designer backsplash, quartz countertops, and premium European-built appliances (built-in fridge, cooktop, oven, dishwasher, microwave, washer and dryer). Complete with in-suite laundry, laminate flooring throughout, upscale finishes, and an included locker storage unit. Prime Location & Transit: Steps from the VMC subway station, YMCA, and Highway 400. Close to Cineplex, Costco, IKEA, Dave & Buster's, Vaughan Mills, Canada's Wonderland, upscale dining, and vibrant nightlife. Ideal for professionals and students seeking ultimate convenience and a dynamic urban lifestyle! (id:66096)

Property Details

MLS®: N14031354
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 2
Parking: 0
Interior Size: 550 ft²
Basement: Other, See Remarks, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $486/mo
Fee Includes: Common Area Maintenance
Ownership: Condo/Strata
Property Tax: $3,259.09/yr
Listed: 21 days ago

Rooms

Main level

Living room: 6.13 x 3.02 meters
Kitchen: 6.13 x 3.02 meters
Dining room: 6.13 x 3.02 meters
Primary Bedroom: 2.9 x 2.77 meters
Bathroom
Den: 2.44 x 1.89 meters
Bathroom

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, Oven, Dryer, Microwave, Cooktop, Blinds
Flooring: Laminate
Exterior: Steel, Concrete
Lot Features: Balcony, Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

21d

Vaughan (Vaughan Corporate Centre) listings, avg age

74d

Price / ft²

$1,056

List price

$580K

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 21 days, which is 53 days fresher than the city average of 74. Act while there is still low competition.

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Listed by ANJIA REALTY · HENRY YING-HO TAM

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L4K)

This home lists at $580,000, about 6.3× the local median household income of $92,000.

Carrying it typically needs a household income of about $113,294 (20% down, 25-yr amortization, stress-tested) — roughly 23% 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)

$580,000· $1,056/ft²

For sale

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Full Cost Breakdown

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Down Payment5.69% · $33,000

Min 5.69%50%

Mortgage payment$3,033/mo

↳ CMHC premium ($21,880 capitalized)

Property tax (est.)$272/mo

Condo fee$486/mo

Total monthly$3,790

Cash Needed to Close

Down payment (5.69%)$33,000

Land transfer tax$8,075

Est. closing costs$4,240

Total cash needed$45,315

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