2920 HIGHWAY 7 Road Unit 1606, Vaughan

Price: $419,900

1 bedrooms, 1 bathrooms

500 sqft

Property Type: Condo

MLS#: N13150598

Welcome To CG Tower, The Landmark Tallest Building in Vaughan! This Stunning, 1 Year New 1-Bedroom Unit Facing on East, Featuring A Smart Layout, A Stylish Modern Kitchen, And Large Windows That Bring In Plenty Of Natural Light. Excellent Amenities include an Outdoor Pool, Fully Equipped Gym, Yoga Room, Party Room, Children Playground, BBQ Area, Work Lounge. 24-hour concierge and on-site building management service. Steps to Public Transit & Vaughan Subway Terminal (Vmc), York University, Hwy 407 and Hwy 400. Close To Restaurants, Shopping Centre's, IKEA, Costco, Cineplex, etc. Close to Vaughan Mills Mall, Groceries, Parks and More!

2920 HIGHWAY 7 Road Unit 1606 - Condo photo 1 of 16 in Vaughan, Ontario
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$419,900 - 2920 HIGHWAY 7 Road Unit 1606, Vaughan

Condo for Sale in Vaughan

1Beds
1Baths
500Sq Ft
Condo
Property Details
MLS Number
N13150598
Property Type
Condo
Status
active
Days on Site
19
Bedrooms
1
Bathrooms
1
Square Feet
500 sqft
Neighbourhood
Vaughan
Locker
None
Exposure
East
Balcony
None
Listing Brokerage
AIMHOME REALTY INC.
Description

Welcome To CG Tower, The Landmark Tallest Building in Vaughan! This Stunning, 1 Year New 1-Bedroom Unit Facing on East, Featuring A Smart Layout, A Stylish Modern Kitchen, And Large Windows That Bring In Plenty Of Natural Light. Excellent Amenities include an Outdoor Pool, Fully Equipped Gym, Yoga Room, Party Room, Children Playground, BBQ Area, Work Lounge. 24-hour concierge and on-site building management service. Steps to Public Transit & Vaughan Subway Terminal (Vmc), York University, Hwy 407 and Hwy 400. Close To Restaurants, Shopping Centre's, IKEA, Costco, Cineplex, etc. Close to Vaughan Mills Mall, Groceries, Parks and More!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,154.30/mo

Includes CMHC insurance ($11,715)

$
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5%10%50%

5-yr fixed avg.

Principal: $377,910Interest: $256,666
Mortgage Amount$389,625
Total Interest$256,666
Est. Property Tax$297/mo
Total Cost$646,291

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

2920 HIGHWAY 7 Road Unit 1606, Vaughan

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$1,800/mo
Range: $1,530 - $2,070
Cap Rate (ROI)
3.1%
Fair

Monthly Cash Flow Breakdown

Rental Income+$1,800
Maintenance Fees-$325
Property Tax (est.)-$297
Insurance (est.)-$87
Net Cash Flow+$1,091

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

Fair Market Value

At $840/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 19 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 500 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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    2920 HIGHWAY 7 Road Unit 1606… — $419,900 | Battaglia Team