$5.25M · 5 bed Condo Apartment · Lakeview Estates, Vaughan

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About this home

Step into a world of unparalleled opulence and sophistication, where every detail embodies the pinnacle of luxury. The Alvear Palace Upper PH is not just a residence; it's a sanctuary of extravagance that surpasses all expectations. Boasting 10,000+ sqft of meticulously designed living space that spans across two glorious floors, the Upper PH is an architectural marvel. It's not just a residence; it's an exquisite work of art. Picture yourself in your very own private oasis, where an additional…

Property details

MLS#

N13449706

Status

Buy Now

Beds

Baths

11 full, 0 half

Size

5000 +

Style

2-Storey

Type

Condo Apartment

Year built

—

Property features: Place Of Worship, Public Transit, Rec./Commun.Centre, School

View: Clear

Condo corp #: 1062
Balcony: Terrace
Locker: Owned
Association amenities: Exercise Room, Guest Suites, Party Room/Meeting Room, Visitor Parking
Fees include: CAC Included, Common Elements Included, Heat Included, Hydro Included, Building Insurance Included, Parking Included, Water Included
Pets: Yes-with Restrictions

Garage: 7-car Underground
Garage spaces: 7
Parking: 7 total
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Stucco (Plaster)
Fronting on: —
Cross street: Bathurst / Steeles
Basement: None
Stories: 8
Utilities: —
Laundry: Ensuite
Interior: Other
Parking features: Private

Rooms

Level	Room	Dimensions
Flat	Kitchen	6.82m × 8.16m
Flat	Media Room	6.6m × 6.9m
Flat	Dining Room	5.88m × 11.3m
Flat	Great Room	7.31m × 15.8m
Flat	Living Room	4.84m × 4.9m
Flat	Exercise Room	3.44m × 4.62m
Flat	Office	5.48m × 6.85m
Flat	Play	4.85m × 5.96m
Flat	Primary Bedroom	6.76m × 9.72m
Flat	Bedroom 2	4.69m × 4.75m
Flat	Bedroom 3	3.99m × 4.41m
Flat	Bedroom 4	3.77m × 5.15m

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $5,249,000✓ $35,543 tax✓ Gas✓ 5000 + ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$47,209/mo

incl. closing costs (yr 1)

Annual total

$566,505

year 1

Mortgage only

$19,913/mo

principal + interest

Beyond mortgage

$17,029/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$1,049,800

20%+ required — no CMHC insurance on $1.5M+ homes

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$2,962/mo

Utilities

Hydro / electricity$193/mo

≈ $0.07/ft² × ~5,000 ft² · ON avg ~$193/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%$52,490/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)$762/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$117,700

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)42% $238,957/yr

Property taxes27% $153,243/yr

Utilities1% $5,370/yr

Insurance & security0% $1,600/yr

Maintenance9% $52,490/yr

Condo fees19% $109,746/yr

Closing costs1% $5,100/yr

Mortgage is 42% of your true cost of ownership. The other 58% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$238,957	$19,913/mo
Government & taxes
Property tax	$35,543	$2,962/mo
Land transfer tax(closing)	$117,700	$9,808/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$2,310	$193/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$52,490	$4,374/mo
Condo fees
Condo / HOA fees	$109,746	$9,145/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	$566,505	$47,209/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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Property details

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Rooms

Sales History

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Annual costs