$2,490,000 - 8188 Yonge Street Unit 1004, Vaughan
Condo for Sale in Vaughan
57 days on market- MLS Number
- N13013322
- Property Type
- Condo
- Status
- active
- Days on Site
- 57
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,600 sqft
- Neighbourhood
- Vaughan
- Locker
- Owned
- Exposure
- North
- Balcony
- Terrace
- Listing Brokerage
- REMAX YOUR COMMUNITY REALTY
Exceptional penthouse residence at 8188 Yonge Street unit 1004, perfectly positioned at the prestigious Yonge & Uplands intersection in one of Thornhill's most desirable neighborhoods. Offering an impressive total of 2,962 sq ft of living space, including 1,720 sq ft of refined interior living plus a remarkable 1,242 sq ft private rooftop terrace. This penthouse suite features floor-to-ceiling windows, abundant natural light, and expansive panoramic views. Thoughtfully designed with 3 bedrooms, including two primary suites with private ensuites, a third bedroom, and 3 full bathrooms. Finished with a modern kitchen featuring premium Miele appliances and a Bar Fridge with in-suite laundry. A truly one-of-a-kind offering combining luxury, privacy, and an elite location. Unmatched convenience with the future Yonge subway extension at your doorstep, providing seamless access throughout the GTA. Steps to parks, trails, and the renowned Uplands Ski Centre, offering year-round recreation in a rare, nature-rich urban setting.
Estimate your monthly payments for this property
Estimated Payment
$11,014.11/mo
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.
8188 Yonge Street Unit 1004, 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
Premium Pricing
At $1556/sqft, this property is priced above the Vaughan average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Negotiation Opportunity
At 57 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 $10,375 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.