50 Upper Mall Way Unit B-2609, Vaughan

Price: $609,000

2 bedrooms, 2 bathrooms

600 sqft

Property Type: Condo

MLS#: N12945682

Welcome to Promenade Park Towers, Convenience In The Heart Of Thornhill Located At Bathurst And Centre Street. One Bedroom Plus Den (Could Be 2nd Bedroom With Its Own Closet And Sliding Door) With Clear Southeast View And Two Full Bathrooms, 685 Sq. Ft. Enjoy Direct Access From The Lobby To The Promenade Shopping Centre, All Under One Roof, Featuring High-End Grocery Stores, Restaurants, A Food Court, Retail Shops, And A Movie Cinema Theatre. Building Facilities Includes A Beautiful Designed Podium, BBQ Parties, Gym, Exercise Room, Golf Stimulator, Private Theatre Room, Billiard Room, Children In Door Playground, Executive Style Party Room For 50 Guests. Easy Public Transportation, VIVA Bus Station and York Region Bus Transit Within 5 Minutes Walk.

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New Listing
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$609,000 - 50 Upper Mall Way Unit B-2609, Vaughan

Condo for Sale in Vaughan

New — Listed 4 days ago
2Beds
2Baths
600Sq Ft
Condo
Property Details
MLS Number
N12945682
Property Type
Condo
Status
active
Days on Site
4
Bedrooms
2
Bathrooms
2
Square Feet
600 sqft
Neighbourhood
Vaughan
Locker
Owned
Exposure
South East
Balcony
Open
Listing Brokerage
CITY PLUS REALTY INC.
Description

Welcome to Promenade Park Towers, Convenience In The Heart Of Thornhill Located At Bathurst And Centre Street. One Bedroom Plus Den (Could Be 2nd Bedroom With Its Own Closet And Sliding Door) With Clear Southeast View And Two Full Bathrooms, 685 Sq. Ft. Enjoy Direct Access From The Lobby To The Promenade Shopping Centre, All Under One Roof, Featuring High-End Grocery Stores, Restaurants, A Food Court, Retail Shops, And A Movie Cinema Theatre. Building Facilities Includes A Beautiful Designed Podium, BBQ Parties, Gym, Exercise Room, Golf Stimulator, Private Theatre Room, Billiard Room, Children In Door Playground, Executive Style Party Room For 50 Guests. Easy Public Transportation, VIVA Bus Station and York Region Bus Transit Within 5 Minutes Walk.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$3,124.49/mo

Includes CMHC insurance ($16,991)

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5-yr fixed avg.

Principal: $548,100Interest: $372,255
Mortgage Amount$565,091
Total Interest$372,255
Est. Property Tax$431/mo
Total Cost$937,346

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

50 Upper Mall Way Unit B-2609, 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)
2.5%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,200
Maintenance Fees-$390
Property Tax (est.)-$431
Insurance (est.)-$127
Net Cash Flow+$1,252

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

Fair Market Value

At $1015/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.

Just Listed - Act Strategically

This property hit the market within the last week. In Vaughan's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

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.

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 $2,538 (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.

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