$700K · 2 bed Common Element Condo · Vaughan Grove, Vaughan

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About this home

Don't Miss this Rare Opportunity to Own a Stunning 2-bedroom Corner Suite in the Elegantly Designed "Allegra" Condominium, Ideally Situated in the Highly Desirable Vaughan Grove Community. This Southeast-Facing Unit Showcases Soaring 9-foot Ceilings, Breathtaking City Views, and an Abundance of Natural Light Throughout. The Thoughtfully Designed Open-Concept Layout is Perfect for Both Everyday Living and Entertaining. Enjoy Modern Finishes Including Laminate Flooring Throughout, Granite Countert…

Property details

MLS#

N12830784

Status

Buy Now

Beds

Baths

2 full, 0 half

Size

900-999

Style

Apartment

Type

Common Element Condo

Year built

—

Property features: Golf, Library, Park, Place Of Worship, Public Transit, School

Condo corp #: 1307
Balcony: Open
Locker: Owned
Association amenities: Exercise Room, Guest Suites, Gym, Party Room/Meeting Room, Visitor Parking
Fees include: Heat Included, Building Insurance Included, Common Elements Included, Water Included, CAC Included, Parking Included
Pets: Yes-with Restrictions

Garage: 2-car Underground
Garage spaces: 2
Parking: 2 total
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Brick
Fronting on: —
Cross street: Martin Grove /Hwy 7
Basement: None
Stories: 5
Utilities: —
Laundry: In Area
Interior: None
Parking features: Underground

Level	Room	Dimensions
Main	Kitchen	3.01m × 3.07m
Main	Living Room	3.6m × 5.7m
Main	Dining Room	3.6m × 5.7m
Main	Primary Bedroom	3.5m × 5.9m
Main	Bedroom 2	3.01m × 3.9m

Level

Room

Dimensions

Main

Kitchen

3.01m × 3.07m

Main

Living Room

3.6m × 5.7m

Main

Dining Room

3.6m × 5.7m

Main

Primary Bedroom

3.5m × 5.9m

Main

Bedroom 2

3.01m × 3.9m

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $699,999✓ $2,872 tax✓ Gas✓ 900-999 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$5,877/mo

incl. closing costs (yr 1)

Annual total

$70,529

year 1

Mortgage only

$2,656/mo

principal + interest

Beyond mortgage

$1,891/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$140,000

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$239/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~950 ft² · ON avg ~$75/mo

Gas$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$7,000/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$53/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$10,475

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)45% $31,867/yr

Property taxes19% $13,347/yr

Utilities6% $3,960/yr

Insurance & security2% $1,600/yr

Maintenance10% $7,000/yr

Condo fees11% $7,655/yr

Closing costs7% $5,100/yr

Mortgage is 45% of your true cost of ownership. The other 55% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$31,867	$2,656/mo
Government & taxes
Property tax	$2,872	$239/mo
Land transfer tax(closing)	$10,475	$873/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$7,000	$583/mo
Condo fees
Condo / HOA fees	$7,655	$638/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$70,529	$5,877/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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Annual costs