$529,900 - 2916 Highway 7 N/A Unit 401, Vaughan
Condo for Sale in Vaughan
- MLS Number
- N12898298
- Property Type
- Condo
- Status
- active
- Days on Site
- 17
- Bedrooms
- 1
- Bathrooms
- 2
- Square Feet
- 600 sqft
- Neighbourhood
- Vaughan
- Locker
- Owned
- Exposure
- South East
- Balcony
- None
- Listing Brokerage
- SUTTON GROUP OLD MILL REALTY INC.
Welcome to this beautifully upgraded 1 bedroom, 2 bathroom suite in the highly sought after Nord Condos in the heart of Vaughan. Completely renovated and far from builder basic, this exceptional condo showcases modern finishes and thoughtful upgrades throughout. The bright, open concept layout features floor to ceiling windows that flood the space with natural light, complemented by new flooring, oversized baseboards, and elegant pot lights in the kitchen. The contemporary kitchen is equipped with sleek stainless steel appliances, offering a stylish and functional space ideal for both everyday living and entertaining. The spacious primary bedroom boasts a large ensuite, while the second full bathroom provides added convenience and flexibility for guests. A rare and highly desirable bonus, the locker is conveniently located on the same floor as the unit. Adding even more value and everyday convenience, the suite includes a dedicated parking spot. Residents enjoy an impressive selection of premium amenities, including 24 hour concierge service, a fully equipped fitness centre, indoor pool, yoga studio, BBQ area, pet wash station, guest suite, party room, and a games room, offering a true lifestyle experience right at home. Ideally situated within walking distance to the TTC subway and Vaughan bus routes, residents enjoy exceptional connectivity along with easy access to shopping, dining, and everyday amenities. A truly unique opportunity to own a turnkey, fully upgraded condo in one of Vaughan's premier buildings.
Estimate your monthly payments for this property
Estimated Payment
$2,718.66/mo
Includes CMHC insurance ($14,784)
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.
2916 Highway 7 N/A Unit 401, 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 25+ years of GTA real estate experience
Fair Market Value
At $883/sqft, this property is priced in line with current Vaughan market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Market Position
At 17 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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 600 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.
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 $2,208 (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.