$658,000 - 5 Buttermill Avenue Unit 4502, Vaughan
New Construction for Sale in Vaughan
34 days on market- MLS Number
- N12770052
- Property Type
- New Construction
- Status
- active
- Days on Site
- 34
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 900 sqft
- Neighbourhood
- Vaughan
- Locker
- Owned
- Exposure
- North East
- Balcony
- Open
- Listing Brokerage
- HOMELIFE/CIMERMAN REAL ESTATE LIMITED
Located In The Heart Of The Vaughan Metropolitan Centre, This Beautiful, Modern and Spacious 3 Bedrooms & 2 Bathrooms Unit brings you the Best Value as your perfect HOME or a GOLDEN investment opportunity!! 950 Sqf + 170 Sqf Surrounding Balcony; One Parking & One Locker; Floor To Ceiling Windows; Abundant Natural Light; Open Concept; Functional Layout; 9' Smooth Ceiling, Wide Laminate Throughout; Built In High End Appliances! Like New Condition! Unmatched Location you can only dream of: FREE MEMBERSHIP Access to YMCA's 100,000 Sf Fitness & Aquatics Facility; steps to VMC Subway Station, Transportation Hubs, Shops, Restaurants and THE NEW MAPLETRI ASIAN SUPERMARKET; Minutes to Vaughan Mills Mall, Go Train, Highway 400, York University. High Speed Internet INCLUDED in Condo fee!
Estimate your monthly payments for this property
Estimated Payment
$3,375.88/mo
Includes CMHC insurance ($18,358)
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.
5 Buttermill Avenue Unit 4502, 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
Competitive Pricing
At $731/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 34 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.
Efficient Living
At 900 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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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 $2,742 (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.