$699,900 - 7 Townsgate Drive Unit 1206, Vaughan
Condo for Sale in Vaughan
83 days on market- MLS Number
- N12919838
- Property Type
- Condo
- Status
- active
- Days on Site
- 83
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Vaughan
- Locker
- Owned
- Exposure
- North
- Balcony
- Open
- Listing Brokerage
- RE/MAX REALTRON REALTY INC.
Live in, renovate or rent out. Welcome to the Much Sought-After Townsgate in Vaughan's Crestwood-Springfarm-Yorkhill Area. Rarely Offered, This Expansive Residence Boasts A Thoughtfully Designed Split Two-Bedroom Floor Plan With Two Full 4-Piece Baths. Bathed In Natural Light, The Suite Offers Sweeping, Unobstructed Views. Balcony off 2nd bedroom. Elegant Open-Concept Living And Dining Areas Are Enhanced By Rich Parquet Flooring, Complemented By A Large Sunroom Perfect For Relaxing Or Working From Home. The Primary Retreat Features A Walk-In Closet And Spa-Inspired Ensuite, Residents Enjoy An Exceptional Array Of Resort-Style Amenities, Including Concierge Service, Guest Suites, Visitor Parking, A Party Room, Indoor Pool, Meeting Room, Sauna, And Tennis Court. Comprehensive Monthly Maintenance Fees Conveniently Include Cable TV, Air Conditioning, Heat, Hydro, Water, Parking, Building Insurance, And Common Elements-Offering True Worry-Free Living.
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.
7 Townsgate Drive Unit 1206, 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 $583/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 83 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.
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.