8 Interchange Way Unit 4708, Vaughan

Price: $401,000

2 bedrooms, 1 bathrooms

500 sqft

Property Type: Condo

MLS#: N13010598

Brand New Never Lived Bedroom + Den with 1 Bath offers open-concept, clear view, featuring a contemporary kitchen with premium appliances and quartz countertops, opening onto a generous balcony. The Den is spacious with a door and can be used as a second bedroom or home office. Step into sophisticated urban living at Festival Condos - Grand Tower C, in the heart of Vaughan Metropolitan Centre (VMC), developed by Menkes & QuadReal. Indulge in a suite of world-class amenities, including an indoor pool, fitness facility, social rooms, and a rooftop terrace, all supported by 24-hour concierge. Its prime location places you moments from the VMC Subway, YMCA, Cineplex, York University, and major highways. Ideal for those who desire a refined lifestyle in Vaughan's thriving community.

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New Listing
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$401,000 - 8 Interchange Way Unit 4708, Vaughan

Condo for Sale in Vaughan

New — Listed yesterday
2Beds
1Baths
500Sq Ft
Condo
Property Details
MLS Number
N13010598
Property Type
Condo
Status
active
Days on Site
1
Bedrooms
2
Bathrooms
1
Square Feet
500 sqft
Neighbourhood
Vaughan
Locker
Owned
Exposure
East
Balcony
Open
Listing Brokerage
ANCHOR NEW HOMES INC.
Description

Brand New Never Lived Bedroom + Den with 1 Bath offers open-concept, clear view, featuring a contemporary kitchen with premium appliances and quartz countertops, opening onto a generous balcony. The Den is spacious with a door and can be used as a second bedroom or home office. Step into sophisticated urban living at Festival Condos - Grand Tower C, in the heart of Vaughan Metropolitan Centre (VMC), developed by Menkes & QuadReal. Indulge in a suite of world-class amenities, including an indoor pool, fitness facility, social rooms, and a rooftop terrace, all supported by 24-hour concierge. Its prime location places you moments from the VMC Subway, YMCA, Cineplex, York University, and major highways. Ideal for those who desire a refined lifestyle in Vaughan's thriving community.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,057.34/mo

Includes CMHC insurance ($11,188)

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5-yr fixed avg.

Principal: $360,900Interest: $245,113
Mortgage Amount$372,088
Total Interest$245,113
Est. Property Tax$284/mo
Total Cost$617,201

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

8 Interchange Way Unit 4708, 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)
4.5%
Good

Monthly Cash Flow Breakdown

Rental Income+$2,200
Maintenance Fees-$325
Property Tax (est.)-$284
Insurance (est.)-$84
Net Cash Flow+$1,507

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, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $802/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.

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 500 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.

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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