28 Interchange Way Unit 2005, Vaughan

Price: $499,000

1 bedrooms, 1 bathrooms

Property Type: Condo

MLS#: N12721492

Excellent BRAND NEW (never lived in) Entire CONDO for SALE. This 1 Bedroom Apartment has 1 bath, ensuite laundry and more. The desirable floor plan offers an abundance of natural light with large windows and neutral finishes. The open concept design features a functional living, dining, kitchen, that overlooks a perfectly arranged living area and large balcony. The living area provides a comfortable space for relaxing and/or entertaining. Located in the vibrant South Vaughan Metropolitan Centre, connecting you to downtown Toronto in just 40 minutes. With easy access to VIVA Transit, Highways 400 & 407, the YMCA, IKEA. Surrounded by top-rated restaurants, entertainment, and shopping, this vibrant urban setting is perfect for those looking for both accessibility and luxury.

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$499,000 - 28 Interchange Way Unit 2005, Vaughan

Condo for Sale in Vaughan

140 days on market
1Beds
1Baths
N/ASq Ft
Condo
Property Details
MLS Number
N12721492
Property Type
Condo
Status
active
Days on Site
140
Bedrooms
1
Bathrooms
1
Square Feet
N/A sqft
Neighbourhood
Vaughan
Locker
None
Exposure
East
Balcony
Open
Listing Brokerage
HOMELIFE/MIRACLE REALTY LTD
Description

Excellent BRAND NEW (never lived in) Entire CONDO for SALE. This 1 Bedroom Apartment has 1 bath, ensuite laundry and more. The desirable floor plan offers an abundance of natural light with large windows and neutral finishes. The open concept design features a functional living, dining, kitchen, that overlooks a perfectly arranged living area and large balcony. The living area provides a comfortable space for relaxing and/or entertaining. Located in the vibrant South Vaughan Metropolitan Centre, connecting you to downtown Toronto in just 40 minutes. With easy access to VIVA Transit, Highways 400 & 407, the YMCA, IKEA. Surrounded by top-rated restaurants, entertainment, and shopping, this vibrant urban setting is perfect for those looking for both accessibility and luxury.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,560.13/mo

Includes CMHC insurance ($13,922)

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5-yr fixed avg.

Principal: $449,100Interest: $305,016
Mortgage Amount$463,022
Total Interest$305,016
Est. Property Tax$353/mo
Total Cost$768,039

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.

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Neighbourhood Guide: Vaughan

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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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.

70
Walk Score
Varies
Price Range

28 Interchange Way Unit 2005, Vaughan

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,360/mo
Range: $2,006 - $2,714
Cap Rate (ROI)
2.2%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,360
Maintenance Fees-$975
Property Tax (est.)-$353
Insurance (est.)-$104
Net Cash Flow+$928

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Negotiation Opportunity

At 140 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.

Efficient Living

At 0 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.

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.

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    28 Interchange Way Unit 2005, Vaughan | $499,000 | Battaglia Team