$978,900 - 4731 Highway 7 N/A, Vaughan
Townhouse for Sale in Vaughan
31 days on market- MLS Number
- N13122814
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 31
- Bedrooms
- 5
- Bathrooms
- 4
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Vaughan
- Lot Size
- 1,867 sqft
- Listing Brokerage
- Astra Realty Group
Exceptional opportunity for investors or first-time buyers! This unique end-unit freehold townhouse offers two fully separate living spaces, providing excellent flexibility for rental income or multi-generational living. The upper unit, with a private entrance from Vittorio De Luca Drive, spans the second and third floors and features 4 spacious bedrooms, bright living areas, and convenient access to a private driveway with two parking spaces plus a garage.The second unit, with its own entrance at the front of the home facing Highway 7, occupies the main and basement levels and includes 1 bedroom and 2 washrooms. Both units are equipped with separate laundry, enhancing convenience and privacy for occupants.A low monthly maintenance fee of $139 covers snow removal and garbage collection, adding ease to ownership. The lower unit is currently tenanted on a month-to-month basis at $1,845 plus 30% utilities, and the tenant is willing to stay, making this a fantastic turnkey income opportunity. Perfectly suited for buyers looking to live in one unit while generating rental income from the other, or investors seeking a high-demand rental property in a prime location.New Roof (2021) New Furnace (2023) New Hot Water Tank Owned (2024)
Estimate your monthly payments for this property
Estimated Payment
$5,022.26/mo
Includes CMHC insurance ($27,311)
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.
4731 Highway 7 N/A, 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
Competitive Pricing
At $653/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 31 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.
Townhouse Benefits
Townhouses offer an excellent balance of space and maintenance. You get more room than a condo with lower upkeep than a detached home. Key things to verify: whether it's freehold or condo-titled (affects fees and rules), and the condition of shared walls for noise considerations. Townhouses in Vaughan have shown strong appreciation as families seek more space.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Vaughan.
Bathroom Count Matters
With 4 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
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 $4,079 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.