3700 Highway 7 Road Unit 314, Vaughan

Price: $499,000

2 bedrooms, 1 bathrooms

600 sqft

Property Type: Condo

MLS#: N13175206

One of a kind one-bedroom plus den unit, featuring 10-foot ceilings throughout, a 150 sq ft balcony, and an open terrace!! The unit shows very well and has been well-maintained. Spacious rooms, including a den, which could be a second bedroom. Neutral decor, quartz countertop, backsplash, and full-size appliances. Excellent building amenities include an indoor pool, sauna, hot tub, media room, gym, party room, golf simulator, outdoor terrace with BBQ area, and guest suite. Two floors of retail space all around with many amenities. Some photos are Virtually Staged.

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$499,000 - 3700 Highway 7 Road Unit 314, Vaughan

Condo for Sale in Vaughan

Popular Listing
2Beds
1Baths
600Sq Ft
Condo
Property Details
MLS Number
N13175206
Property Type
Condo
Status
active
Days on Site
13
Bedrooms
2
Bathrooms
1
Square Feet
600 sqft
Neighbourhood
Vaughan
Locker
None
Exposure
East
Balcony
Terrace
Listing Brokerage
ROYAL LEPAGE MAXIMUM REALTY
Description

One of a kind one-bedroom plus den unit, featuring 10-foot ceilings throughout, a 150 sq ft balcony, and an open terrace!! The unit shows very well and has been well-maintained. Spacious rooms, including a den, which could be a second bedroom. Neutral decor, quartz countertop, backsplash, and full-size appliances. Excellent building amenities include an indoor pool, sauna, hot tub, media room, gym, party room, golf simulator, outdoor terrace with BBQ area, and guest suite. Two floors of retail space all around with many amenities. Some photos are Virtually Staged.

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%10%50%

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

3700 Highway 7 Road Unit 314, Vaughan

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,200/mo
Range: $1,870 - $2,530
Cap Rate (ROI)
3.3%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,200
Maintenance Fees-$390
Property Tax (est.)-$353
Insurance (est.)-$104
Net Cash Flow+$1,353

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 $832/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.

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.

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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    3700 Highway 7 Road Unit 314, V… — $499,000 | Battaglia Team