$649,000 - 1 Emerald Lane Unit PH104, Vaughan
Condo for Sale in Vaughan
84 days on market- MLS Number
- N12913768
- Property Type
- Condo
- Status
- active
- Days on Site
- 84
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Vaughan
- Locker
- Owned
- Exposure
- South East
- Balcony
- Open
- Listing Brokerage
- RE/MAX REALTRON BARRY COHEN HOMES INC.
Rare Corner Penthouse With Spectacular Skyline Views! Welcome to this bright and spacious corner penthouse suite featuring soaring 9-ft ceilings and unobstructed panoramic views of the Toronto skyline and iconic CN Tower. Bathed in natural light from multiple exposures, this exceptional residence offers a truly elevated living experience. This exceptional suite showcases a modern kitchen with fully renovated cabinetry and appliances, along with beautifully renovated bathroom vanities, creating a sleek and move-in ready space. The thoughtfully updated and impeccably maintained interiors extend through the living areas and bedrooms, blending comfort with contemporary style. Residents enjoy access to an impressive lineup of amenities including a fully equipped gym, tennis room, outdoor pool, sauna, party room, and 24-hour concierge. Located within the prestigious Eiffel Towers gated community, the grounds are beautifully landscaped with lush gardens and green space. Ideally positioned on the Toronto-Vaughan border, this location offers outstanding convenience with easy access to Highways 400, 404, and 407, as well as nearby schools, parks, transit, and shopping. A rare opportunity to own an updated corner penthouse with breathtaking views in one of the area's most desirable communities.
Estimate your monthly payments for this property
Estimated Payment
$3,329.71/mo
Includes CMHC insurance ($18,107)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Vaughan
Vaughan is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Vaughan
- •Convenient location in Vaughan
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Vaughan offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
1 Emerald Lane Unit PH104, Vaughan
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $649/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Negotiation Opportunity
At 84 days on site, this property has exceeded the typical selling timeline for Vaughan. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Investment Perspective
Looking at this as an investment: Vaughan properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,704 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.