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$630K · 2+1 bed Condo Apartment · Concord, Vaughan | MyPropertyScout

$629,900

Unit 502

2+12TenantOccupied

Map

New Build

$629,900

F●●●○○DOM13days

Unit 502

2916 Highway 7 Road · Vaughan · Ontario L4K 0K6

MLS® N13436766 · Concord · L4K 0K6

2+12TenantOccupied800-899 ft²Condo ApartmentNone13d$741/ft²$2,500 tax/yrBuilt 20251 yr old

15% above market · 13 days on market

Scoring based on Property Scout Neighbourhood Intelligence — use as guidance only, sometimes it's not so intelligent 👍

About this home

Bright and spacious luxury condo featuring 10-foot ceilings, 2 bedrooms, 2 bathrooms, and a versatile den. This sun-filled south-east facing unit offers an open-concept layout with floor-to-ceiling windows that provide abundant natural light throughout. The modern kitchen is equipped with stainless steel appliances and ample cabinetry. Includes one underground parking space and one locker for added convenience. Ideally located in the heart of Vaughan, just steps to the subway and with easy acces…

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Property details

MLS#: N13436766
Status: Buy Now
Beds: 2+1
Baths: 2 full, 0 half
Size: 800-899
Style: Apartment
Type: Condo Apartment
Year built: —

Foundation: Concrete
Property features: Public Transit

Condo corp #: 4490
Balcony: Open
Locker: Owned
Association amenities: Concierge, Gym, Indoor Pool, Party Room/Meeting Room, Game Room
Fees include: Common Elements Included, Parking Included, Building Insurance Included, CAC Included, Heat Included
Pets: Yes-with Restrictions

Garage: None
Garage spaces: 0
Parking: 1 total
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Concrete
Fronting on: —
Cross street: Jane St & Hwy 7
Basement: None
Stories: 5
Utilities: —
Laundry: In-Suite Laundry
Interior: None
Parking features: Underground

Additional listing data

ListAOR: Toronto Regional Real Estate Board

Rooms

Level	Room	Dimensions
Ground	Kitchen	2.16m × 3.29m
Ground	Living Room	4.57m × 4.05m
Ground	Primary Bedroom	2.89m × 3.35m
Ground	Bedroom 2	2.43m × 3.32m
Ground	Den	1.82m × 2.52m
Ground	Foyer	—

Property history

Sales History

NEW

Property sales history

Location details

Comparable sales

Neighbourhood stats

Brokered by: REBEST REALTY INC.

Source: TRREB/PROPTX · MLS® N13436766

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$630K

Unit 502 · Bryon Bertrim

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Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $629,900✓ $2,500 tax✓ Gas✓ 800-899 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$5,491/mo

incl. closing costs (yr 1)

Annual total

$65,893

year 1

Mortgage only

$2,390/mo

principal + interest

Beyond mortgage

$1,887/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$125,980

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$208/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~850 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%$6,299/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)$60/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$9,073

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)44% $28,676/yr

Property taxes18% $11,573/yr

Utilities6% $3,960/yr

Insurance & security2% $1,600/yr

Maintenance10% $6,299/yr

Condo fees13% $8,685/yr

Closing costs8% $5,100/yr

Mortgage is 44% of your true cost of ownership. The other 56% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$28,676	$2,390/mo
Government & taxes
Property tax	$2,500	$208/mo
Land transfer tax(closing)	$9,073	$756/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%)	$6,299	$525/mo
Condo fees
Condo / HOA fees	$8,685	$724/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	$65,893	$5,491/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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Unit 502

About this home

MyStreetValue™ Analysis

Property details

Additional listing data

Rooms

Sales History

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Annual costs