$434,000

For sale

#Ph307 5 Emerald Lane, Vaughan (Crestwood-Springfarm-Yorkhill) - Single Family for Sale

#Ph307 5 Emerald Lane, Vaughan (Crestwood-Springfarm-Yorkhill), Ontario, L4J8P7

1 bed1 bath1 parking650 ft²$598/mo condo feeListed 9 days ago

Overview

This 1-bedroom, 1-bathroom condo in Vaughan is for sale offering roughly 650 sq ft of space. Listed at $434,000, it is attractively priced about 37% below the $689,900 median asking price in Vaughan. It has been on the market 9 days, fresher than the Vaughan average of 63 days.

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Description

A Higher Standard of Living at 5 Emerald Lane! Enjoy penthouse living with beautiful, unobstructed south-facing views at the prestigious Menkes-built Eiffel Towers. This spacious, well-appointed suite offers a bright, inviting atmosphere and expansive views that take full advantage of its elevated position. Well-maintained throughout, the unit features laminate flooring and stainless steel appliances. Residents enjoy an impressive selection of amenities, including 24-hour gated security, visitor parking, guest suites, and an outdoor swimming pool. Ideally located within walking distance of transit, local shops, grocery stores, and restaurants, this penthouse offers a wonderful combination of elevated living, everyday comfort, and convenience. (id:66096)

Property Details

MLS®: N14115766
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Condo Fee: $598/mo
Fee Includes: Common Area Maintenance, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $1,883/yr
Listed: 9 days ago

Rooms

Ground level

Living room: 5.48 x 3.23 meters
Dining room: 5.48 x 3.23 meters
Kitchen: 2.43 x 2.43 meters
Primary Bedroom: 4.24 x 3.04 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, Hood Fan, Window Coverings
Flooring: Laminate, Ceramic
Exterior: Concrete
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

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

63d

Price / ft²

$668

List price

$434K

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 1-bed single family in Vaughan (Crestwood-Springfarm-Yorkhill) has been listed for 9 days, which is 54 days fresher than the city average of 63. Act while there is still low competition.

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Listed by KELLER WILLIAMS REFERRED URBAN REALTY · GILLIAN LEIGH PETCOFF

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L4J)

This home lists at $434,000, about 3.8× the local median household income of $115,000.

Carrying it typically needs a household income of about $84,775 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$434,000· $668/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $21,700

Min 5%50%

Mortgage payment$2,286/mo

↳ CMHC premium ($16,492 capitalized)

Property tax (est.)$157/mo

Condo fee$598/mo

Total monthly$3,040

Cash Needed to Close

Down payment (5%)$21,700

Land transfer tax$5,155

Est. closing costs$3,802

Total cash needed$30,657

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