8302 Islington Avenue Unit 302, Vaughan

Price: $849,000

2 bedrooms, 2 bathrooms

1,000 sqft

Property Type: Condo

MLS#: N12936936

Large Terrace with gasline! Sunny, contemporary two-bedroom corner residence offering extraordinary indoor-outdoor terraced living. This beautifully maintained condo boasts a gorgeous, south-facing 315 sq ft oversized terrace featuring NewTech Wood decking, planters with boxwood, and mature treed views - the perfect private retreat for relaxing or for those with a green thumb. The recently updated interior showcases wide-plank, designer white oak LV flooring, pot lighting, contemporary tiled flooring in baths, new bath faucets and cabinet pulls; professionally painted throughout; elegant Restoration Hardware lighting/closet organizers/ drapery. The thoughtfully designed split-bedroom floor plan offers privacy and functionality. The primary suite comes complete with floor-to-ceiling windows, an ensuite 3-pc bathroom, and a walk-in closet. The second bedroom has floor-to-ceiling windows, a deep double closet and a 4-pc bathroom. The kitchen includes a recent stainless steel refrigerator with a glass door and a breakfast bar. The unit is equipped with a recent full-sized washer and dryer as well. Two-car parking is included, close to the unit locker and elevator. Situated in a quiet, well-maintained building, this terraced unit is a rare find and is ready to be enjoyed this spring. **Furniture is virtually staged **

8302 Islington Avenue Unit 302 - Condo photo 1 of 19 in Vaughan, Ontario
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New Listing
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$849,000 - 8302 Islington Avenue Unit 302, Vaughan

Condo for Sale in Vaughan

New — Listed 6 days ago
2Beds
2Baths
1,000Sq Ft
Condo
Property Details
MLS Number
N12936936
Property Type
Condo
Status
active
Days on Site
6
Bedrooms
2
Bathrooms
2
Square Feet
1,000 sqft
Neighbourhood
Vaughan
Locker
Owned
Exposure
South
Balcony
Terrace
Listing Brokerage
SOTHEBY'S INTERNATIONAL REALTY CANADA
Description

Large Terrace with gasline! Sunny, contemporary two-bedroom corner residence offering extraordinary indoor-outdoor terraced living. This beautifully maintained condo boasts a gorgeous, south-facing 315 sq ft oversized terrace featuring NewTech Wood decking, planters with boxwood, and mature treed views - the perfect private retreat for relaxing or for those with a green thumb. The recently updated interior showcases wide-plank, designer white oak LV flooring, pot lighting, contemporary tiled flooring in baths, new bath faucets and cabinet pulls; professionally painted throughout; elegant Restoration Hardware lighting/closet organizers/ drapery. The thoughtfully designed split-bedroom floor plan offers privacy and functionality. The primary suite comes complete with floor-to-ceiling windows, an ensuite 3-pc bathroom, and a walk-in closet. The second bedroom has floor-to-ceiling windows, a deep double closet and a 4-pc bathroom. The kitchen includes a recent stainless steel refrigerator with a glass door and a breakfast bar. The unit is equipped with a recent full-sized washer and dryer as well. Two-car parking is included, close to the unit locker and elevator. Situated in a quiet, well-maintained building, this terraced unit is a rare find and is ready to be enjoyed this spring. **Furniture is virtually staged **

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$4,355.81/mo

Includes CMHC insurance ($23,687)

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5-yr fixed avg.

Principal: $764,100Interest: $518,956
Mortgage Amount$787,787
Total Interest$518,956
Est. Property Tax$601/mo
Total Cost$1,306,743

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

8302 Islington Avenue Unit 302, Vaughan

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,360/mo
Range: $2,006 - $2,714
Cap Rate (ROI)
1.3%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$2,360
Maintenance Fees-$650
Property Tax (est.)-$601
Insurance (est.)-$177
Net Cash Flow+$932

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, RE/MAX Realty Specialists

Joe's Thoughts

Honest perspective from 25+ years of GTA real estate experience

Fair Market Value

At $849/sqft, this property is priced in line with current Vaughan market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.

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.

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 $3,538 (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.

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