$689,000 - 520 Steeles Avenue Unit 511, Vaughan
Condo for Sale in Vaughan
47 days on market- MLS Number
- N13061074
- Property Type
- Condo
- Status
- active
- Days on Site
- 47
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,000 sqft
- Neighbourhood
- Vaughan
- Locker
- Owned
- Exposure
- South West
- Balcony
- Open
- Listing Brokerage
- HOME STANDARDS BRICKSTONE REALTY
Experience refined living in the heart of Thornhill in this stunning south-west facing corner suite at Posh Condominiums. Offering 1,122 sq.ft. of thoughtfully designed space, this beautifully renovated home blends modern elegance with everyday comfort. Updated with high-quality finishes, this move-in ready residence is ideal for first-time buyers, young couples, professionals, or downsizing couples seeking a stylish urban retreat. The bright open-concept layout is filled with natural light through oversized windows, creating an inviting space for both relaxing and entertaining. Sleek engineered wood flooring paired with contemporary finishes enhances the home's modern appeal. The gourmet kitchen features modern cabinetry, sleek countertops, and an eat-in area with walk-out to a sun-filled west-facing balcony-perfect for morning coffee or evening unwinding with unobstructed north-west sunset views. This well-designed suite offers 2 bedrooms + den and 3 bathrooms, with each bedroom featuring its own full ensuite for added privacy. The primary bedroom includes a walk-in closet and direct balcony access. The versatile den, complete with its own walk-in closet, is ideal as a home office or potential third bedroom. A convenient 2-piece powder room is perfect for guests. As a corner unit, enjoy enhanced privacy, additional windows, and abundant natural light. Enjoy seamless indoor-outdoor living with a private balcony featuring dual access, perfect for relaxation and entertaining. Located in a quiet boutique building with concierge service and amenities including a gym, yoga studio, party room, guest suites, and visitor parking. Steps to Galleria Supermarket, H-Mart, restaurants, cafes, parks, medical services, and community centres, with easy access to transit and major highways.1 parking and 1 locker. One of the best values in the Steeles corridor-don't miss this exceptional opportunity!
Estimate your monthly payments for this property
Estimated Payment
$3,534.93/mo
Includes CMHC insurance ($19,223)
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.
520 Steeles Avenue Unit 511, 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 $689/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.
Negotiation Opportunity
At 47 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.
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.
Bathroom Count Matters
With 3 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 $2,871 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.