$425,000

For sale

#6303 225 Commerce Street, Vaughan (Vaughan Corporate Centre) - Single Family for Sale

#6303 225 Commerce Street, Vaughan (Vaughan Corporate Centre), Ontario, L4K0P9

2 beds1 bath0 parking550 ft²$406/mo condo feeListed 8 days ago

Overview

This 2-bedroom, 1-bathroom condo in Vaughan is for sale offering roughly 550 sq ft of space. Listed at $425,000, it is attractively priced about 17% below the $515,000 median asking price in Vaughan. It has been on the market 8 days, fresher than the Vaughan average of 74 days.

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Description

Welcome To Grand Festival Condos By Menkes! Brand New 1+1 Bedroom Suite Perched High On The 63rd Floor With Beautiful South-Facing Views of the CN Tower and city skyline. The spacious den, complete with a door, is perfect for an extra bedroom, home office, or cozy retreat. This Bright 545 Sq. Ft. Suite Features Floor-To-Ceiling Windows, An Efficient Open-Concept Layout, And A Contemporary Kitchen With Quartz Countertops And Integrated Appliances. Step outside onto the large balcony to enjoy unobstructed panoramic views of the city. Enjoy An Exceptional Collection Of Lifestyle Amenities, Including 24-Hour Concierge, Fitness Facilities, Indoor Pool, Cinema, Sports Bar & Games Lounge, Music/Recording Studio, Photography Studio, Children's Play Area, Co-Working/Study Spaces, And Beautifully Designed Social Lounges. Ideally Located In The Vaughan Metropolitan Centre With Convenient Access To VMC Subway, Hwy 400 & 407, Shopping, Dining, IKEA, Costco And Vaughan Mills. An Excellent Opportunity To Own A High-Floor Suite In One Of Vaughan's Newest Master-Planned Communities. (id:66096)

Property Details

MLS®: N14120962
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 0
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Condo Fee: $406/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Property Tax: $3,064.3/yr
Listed: 8 days ago

Rooms

Main level

Kitchen: 6.49 x 2.92 meters
Living room: 6.49 x 2.92 meters
Dining room: 6.49 x 2.92 meters
Primary Bedroom: 3.08 x 2.46 meters
Den: 2.56 x 2.16 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
Flooring: Laminate
Exterior: Brick
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Vaughan (Vaughan Corporate Centre) listings, avg age

74d

Price / ft²

$773

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 8 days, which is 66 days fresher than the city average of 74. Act while there is still low competition.

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Listed by KING REALTY INC. · Raghav Sharma

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L4K)

This home lists at $425,000, about 4.6× the local median household income of $92,000.

Carrying it typically needs a household income of about $83,017 (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)

$425,000· $773/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $21,250

Min 5%50%

Mortgage payment$2,238/mo

↳ CMHC premium ($16,150 capitalized)

Property tax (est.)$255/mo

Condo fee$406/mo

Total monthly$2,900

Cash Needed to Close

Down payment (5%)$21,250

Land transfer tax$4,975

Est. closing costs$3,775

Total cash needed$30,000

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