$388K · 1 bed Condo Apartment · Concord, Vaughan

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About this home

Experience modern urban living in the heart of the Vaughan Metropolitan Centre with this sleek, cozy one-bedroom condo in the highly sought-after Transit City 4. Only 2 years new, this north-facing unit offers a perfect blend of style, comfort, and unparalleled convenience. Key Features :Layout: Open-concept 1-bedroom suite featuring modern finishes and a functional living space. Kitchen: Sophisticated design with built-in appliances and quartz countertops. Outdoor Space: Enjoy fresh air on your…

Property details

MLS#

N13447758

Status

Buy Now

Beds

Baths

1 full, 0 half

Size

500-599

Style

Apartment

Type

Condo Apartment

Year built

—

Property features: Hospital, Electric Car Charger, Public Transit

Condo corp #: 1501
Balcony: Open
Locker: None
Association amenities: Gym, Outdoor Pool, Party Room/Meeting Room, Visitor Parking, Concierge, BBQs Allowed
Fees include: Cable TV Included, Building Insurance Included, Common Elements Included, CAC Included
Pets: Yes-with Restrictions

Garage: None
Garage spaces: 0
Parking: 0 total
Heating: Forced Air
Heating fuel: Electric
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Brick, Concrete · Built-In-BBQ, Patio
Fronting on: —
Cross street: Hwy 7 and Jane St
Basement: None
Stories: 14
Utilities: —
Laundry: In-Suite Laundry
Interior: None
Parking features: Underground

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $387,900✓ $2,656 tax✓ Electric✓ 500-599 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$3,589/mo

incl. closing costs (yr 1)

Annual total

$43,071

year 1

Mortgage only

$1,472/mo

principal + interest

Beyond mortgage

$1,302/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$77,580

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$221/mo

Utilities

Hydro / electricity$75/mo

≈ $0.13/ft² × ~550 ft² · incl. electric heat

Heat$0/mo

Electric heat — no gas service · see hydro

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%$3,879/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)$38/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$4,294

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)41% $17,659/yr

Property taxes16% $6,950/yr

Utilities6% $2,460/yr

Insurance & security4% $1,600/yr

Maintenance9% $3,879/yr

Condo fees13% $5,423/yr

Closing costs12% $5,100/yr

Mortgage is 41% of your true cost of ownership. The other 59% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$17,659	$1,472/mo
Government & taxes
Property tax	$2,656	$221/mo
Land transfer tax(closing)	$4,294	$358/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$3,879	$323/mo
Condo fees
Condo / HOA fees	$5,423	$452/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	$43,071	$3,589/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