$699,900 - 5309 Highway 7 N/A Unit A1003, Vaughan
Condo for Sale in Vaughan
- MLS Number
- N12896992
- Property Type
- Condo
- Status
- delisted
- Days on Site
- 18
- Bedrooms
- 2
- Bathrooms
- 3
- Square Feet
- 1,000 sqft
- Neighbourhood
- Vaughan
- Locker
- Owned
- Exposure
- South
- Balcony
- Terrace
- Listing Brokerage
- SOTHEBY'S INTERNATIONAL REALTY CANADA
A rare opportunity to own a newly built stacked condo townhome featuring exceptional outdoor space, including two private balconies and a spectacular rooftop terrace with nearly 400 sq ft of combined outdoor living. With outdoor access from every level, this thoughtfully designed residence blends indoor comfort with effortless outdoor living. The south-facing exposure and floor-to-ceiling windows fills the home with natural light, creating a bright and welcoming atmosphere throughout. The main level features an open-concept kitchen, living and dining area ideal for both everyday living and entertaining. The kitchen is equipped with granite countertops, a subway tile backsplash, centre island and ample cabinetry, while a walkout to the balcony extends the living space outdoors. Laminate flooring and smooth ceilings run throughout, complemented by Hunter Douglas motorized blinds. A convenient 2-piece powder room with ensuite laundry completes the main level. Upstairs, two generously sized bedrooms offer excellent privacy, each with access to their own bathroom. The primary bedroom features a walk-in closet and a private 4-piece ensuite. The second bedroom offers a private balcony and is conveniently located beside the 3-piece hallway bathroom. The expansive south-facing rooftop terrace offers 271 sq ft of private outdoor space, perfect for outdoor dining, entertaining, or lounging in the sun. Additional highlights include 2 tandem parking spaces and an oversized storage locker. Ideally located minutes from Vaughan Metropolitan Centre (VMC), an emerging urban hub with restaurants, retail, parks and public spaces. Enjoy excellent connectivity with quick access to Highway 400, 407 and 427, TTC subway access at VMC and rapid bus transit along Highway 7.
Estimate your monthly payments for this property
Estimated Payment
$3,590.85/mo
Includes CMHC insurance ($19,527)
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.
5309 Highway 7 N/A Unit A1003, 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 25+ years of GTA real estate experience
Competitive Pricing
At $700/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.
Market Position
At 18 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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.
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 $2,916 (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.