$678,000 - 520 Steeles Avenue Unit 611, Vaughan
Condo for Sale in Vaughan
70 days on market- MLS Number
- N12980686
- Property Type
- Condo
- Status
- active
- Days on Site
- 70
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,000 sqft
- Neighbourhood
- Vaughan
- Locker
- Owned
- Exposure
- South West
- Balcony
- Open
- Listing Brokerage
- RIGHT AT HOME REALTY
Welcome to Posh Living in the Heart of Thornhill! Stunning 2+Den, 3 Bathroom south-west facing corner suite in the Posh Condominiums with 1,122 sq.ft. of beautifully laid out space. Soaked in natural light from oversized windows throughout, this home delivers the ideal blend of style, comfort, and functionality. Enjoy a spacious open-concept layout featuring sleek laminate flooring throughout and a modern kitchen with eat-in breakfast area and walk-out to a sun-filled west-facing balcony-perfect for morning coffee or evening unwinding. Each bedroom is generously sized and complete with its own full ensuite. The primary retreat boasts a walk-in closet and direct balcony access. A separate den is a true bonus-ideal as a home office or potential third bedroom-complete with its own walk-in closet. A convenient 2-piece powder room is perfect for guests. Set within a quiet, boutique mid-rise building known for its welcoming feel and excellent concierge staff, residents also enjoy access to premium amenities including a gym, yoga studio, party room, guest suites, and ample visitor parking. Unbeatable location just steps to the brand-new Galleria Supermarket, along with a vibrant mix of restaurants, cafés, parks, and community centers. Everything you need right at your doorstep. One of the best values in the Steeles corridor for a modern, stylish and spacious condo. 1 parking spot and 1 locker included.
Estimate your monthly payments for this property
Estimated Payment
$3,478.49/mo
Includes CMHC insurance ($18,916)
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 611, 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 $678/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 70 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 $2,825 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.