$698,000 - 5 Buttermill Avenue Unit 5309, Vaughan
Condo for Sale in Vaughan
137 days on market- MLS Number
- N12715918
- Property Type
- Condo
- Status
- active
- Days on Site
- 137
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Vaughan
- Locker
- None
- Exposure
- South West
- Balcony
- Enclosed
- Listing Brokerage
- EASTIDE REALTY
Luxury Living in Vaughan! This Stunning Corner Unit On The 53th Floor Offers Unobstructed South-West Views And Is Located In The Heart Of VMC. Featuring A Spacious 2 Bedroom + Den Layout, With 778 Sq.Ft. Of Interior Space Plus A 117 Sq.Ft. Balcony, This Unit Offers Both Style And Function. Highlights Include 9 Ft Smooth Ceilings, A Modern Kitchen With Quartz Countertops And Built-In Appliances, And Elegant Laminate Throughout. The Den With Sliding Doors Can Easily Serve As A Home Office Or Third Bedroom.Enjoy Being Surrounded By World-Class Attractions Such As Vaughan Mills Shopping Centre, CanadaS Wonderland, IKEA, Cineplex, And A Wide Variety Of Dining And Retail Options. Steps To Vaughan Subway Station For Quick Access To Downtown Toronto, And Minutes To Public Transit, YMCA, Library, Community Centre, Highways 400, 407, And 7, Walmart, Costco, And More.Premium Building Amenities Include: Rogers Ignite High-Speed Internet, 24-Hour Concierge, Party Room, BBQ Outdoor Terrace, Golf & Sports Simulator, Lounge, And More. Dont Miss Out On This Incredible Opportunity!
Estimate your monthly payments for this property
Estimated Payment
$3,581.10/mo
Includes CMHC insurance ($19,474)
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 5309, 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
Fair Market Value
At $997/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.
Negotiation Opportunity
At 137 days on site, this property has exceeded the typical selling timeline for Vaughan. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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 700 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 $2,908 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.