$619,000 - 2920 Highway 7 N/A Unit 2302, Vaughan
Condo for Sale in Vaughan
108 days on market- MLS Number
- N12803832
- Property Type
- Condo
- Status
- active
- Days on Site
- 108
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Vaughan
- Locker
- None
- Exposure
- North West
- Balcony
- Open
- Listing Brokerage
- RE/MAX HALLMARK REALTY LTD.
Sun-drenched with unobstructed, this 2-bedroom, 2-bath corner suite, with parking, is the opportunity you've been waiting for! Welcome to suite 2302, where contemporary style meets smart, functional design. The open-concept living and dining area offers a flexible layout with a spacious setting for relaxing or entertaining. The sleek, modern kitchen boasts full-height cabinetry (extra storage!), upgraded stone countertops with a designer edge, and integrated stainless steel appliances. The bright and airy layout is enhanced by wide-plank laminate flooring throughout, creating a warm and cohesive feel from room to room. Step outside to a west-facing balcony and take in clear and soaring views, perfect for enjoying your morning coffee or winding down in the evening. The primary bedroom features both north and west-facing windows for maximum natural light, along with a walk-in closet and a private 3-piece ensuite. The second bedroom is spacious with large windows and a double closet. A stylish 4-piece main bathroom with a deep soaker tub and vanity storage. Residents enjoy an impressive range of amenities, including a 24-hour concierge, a fully equipped fitness centre, yoga studio, party and media rooms, a library, rooftop terrace, pet spa, and more. Situated just steps from the VMC Subway Station, with quick access to Highways 400 and 407, Vaughan Mills, and surrounded by shops, restaurants, parks, and entertainment, this is urban living at its most convenient.
Estimate your monthly payments for this property
Estimated Payment
$3,175.79/mo
Includes CMHC insurance ($17,270)
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.
2920 Highway 7 N/A Unit 2302, 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
Fair Market Value
At $884/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.
Negotiation Opportunity
At 108 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 700 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 $2,579 (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.