5 Buttermill Avenue Unit 502, Vaughan

Price: $469,900

2 bedrooms, 1 bathrooms

600 sqft

Property Type: Condo

MLS#: N12923392

Bright & Modern 1 Bedroom + Den Condo In The Heart Of Vaughan Metropolitan Centre! Functional Open Concept Layout With Floor-To-Ceiling Windows, 9 Ft Ceilings & Laminate Flooring Throughout. Modern Kitchen Featuring Quartz Countertops, Built-In Stainless Steel Appliances, a Backsplash & Under-Cabinet Lighting. <<Spacious Living Area & Bedroom With Walk-Out To Private Balcony With Beautiful South Views. Den Can Be Used As Home Office Or Second Bedroom >>Premium Building Amenities Include 24 Hr Concierge, Party Room, Games Room, Lounge, BBQ Terrace & YMCA Membership << Steps To VMC Subway, Viva & Zum Transit, And Minutes To Hwy 400 & 407. Walking Distance To Walmart, Costco, Restaurants, York University, Library, Vaughan Mills, Wonderland & More> Includes Built-In Fridge, Oven, Dishwasher, Microwave, Range Hood, Cooktop, Stacked Washer & Dryer, All Window Coverings & ELF's. Fantastic Opportunity For First-Time Buyers Or Investors!

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$469,900 - 5 Buttermill Avenue Unit 502, Vaughan

Condo for Sale in Vaughan

Popular Listing
2Beds
1Baths
600Sq Ft
Condo
Property Details
MLS Number
N12923392
Property Type
Condo
Status
active
Days on Site
10
Bedrooms
2
Bathrooms
1
Square Feet
600 sqft
Neighbourhood
Vaughan
Locker
None
Exposure
North East
Balcony
Enclosed
Listing Brokerage
RE/MAX GOLD REALTY INC.
Description

Bright & Modern 1 Bedroom + Den Condo In The Heart Of Vaughan Metropolitan Centre! Functional Open Concept Layout With Floor-To-Ceiling Windows, 9 Ft Ceilings & Laminate Flooring Throughout. Modern Kitchen Featuring Quartz Countertops, Built-In Stainless Steel Appliances, a Backsplash & Under-Cabinet Lighting. <<Spacious Living Area & Bedroom With Walk-Out To Private Balcony With Beautiful South Views. Den Can Be Used As Home Office Or Second Bedroom >>Premium Building Amenities Include 24 Hr Concierge, Party Room, Games Room, Lounge, BBQ Terrace & YMCA Membership << Steps To VMC Subway, Viva & Zum Transit, And Minutes To Hwy 400 & 407. Walking Distance To Walmart, Costco, Restaurants, York University, Library, Vaughan Mills, Wonderland & More> Includes Built-In Fridge, Oven, Dishwasher, Microwave, Range Hood, Cooktop, Stacked Washer & Dryer, All Window Coverings & ELF's. Fantastic Opportunity For First-Time Buyers Or Investors!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,410.83/mo

Includes CMHC insurance ($13,110)

$
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5-yr fixed avg.

Principal: $422,910Interest: $287,229
Mortgage Amount$436,020
Total Interest$287,229
Est. Property Tax$333/mo
Total Cost$723,249

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

5 Buttermill Avenue Unit 502, 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)
3.5%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,200
Maintenance Fees-$390
Property Tax (est.)-$333
Insurance (est.)-$98
Net Cash Flow+$1,379

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, RE/MAX Realty Specialists

Joe's Thoughts

Honest perspective from 25+ years of GTA real estate experience

Competitive Pricing

At $783/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.

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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