91 Townsgate Drive Unit 805, Vaughan

Price: $588,800

2 bedrooms, 2 bathrooms

900 sqft

Property Type: Condo

MLS#: N12903074

Bright, South-Facing 2 Bed, 2 Bath Condo in Prime Thornhill All-Inclusive Maintenance Fees! This Sun-Filled, Spacious & Beautifully Maintained Unit Offers the Perfect Blend of Comfort and Convenience! Featuring Gleaming Hardwood Floors, Open-Concept Layout with an Expansive Living and Dining Area, Walk-Out to a Large Balcony with Stunning South Views! The Oversized Bedrooms Are Filled with Natural Light Including a Primary Retreat with a 4-Piece Ensuite and Walk-In Closet. Located in the Sought-After Menkes-Built "Park Terrace II", Steps to TTC, York University, Shopping, Restaurants, Parks, and More! ALL UTILITIES INCLUDED in the Maintenance Fees Hydro, Water, Heating, Cable TV & 1 Parking Space Just Move In & Enjoy! Generously Sized Bedrooms & Spacious Living Room Perfect for Relaxing or Entertaining Fantastic Amenities: Outdoor Swimming Pool, Tennis Court, Fully Equipped Gym, Visitor Parking Ideal for First-Time Buyers or Downsizers Seeking Comfort, Space, and Convenience. Don't Miss Out on This RareOpportunity to Own a Beautiful South-Facing Condo with Truly All-Inclusive Living!

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New Listing
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$588,800 - 91 Townsgate Drive Unit 805, Vaughan

Condo for Sale in Vaughan

New — Listed 3 days ago
2Beds
2Baths
900Sq Ft
Condo
Property Details
MLS Number
N12903074
Property Type
Condo
Status
active
Days on Site
3
Bedrooms
2
Bathrooms
2
Square Feet
900 sqft
Neighbourhood
Vaughan
Locker
None
Exposure
South
Balcony
Open
Listing Brokerage
HOMELIFE BROADWAY REALTY INC.
Description

Bright, South-Facing 2 Bed, 2 Bath Condo in Prime Thornhill All-Inclusive Maintenance Fees! This Sun-Filled, Spacious & Beautifully Maintained Unit Offers the Perfect Blend of Comfort and Convenience! Featuring Gleaming Hardwood Floors, Open-Concept Layout with an Expansive Living and Dining Area, Walk-Out to a Large Balcony with Stunning South Views! The Oversized Bedrooms Are Filled with Natural Light Including a Primary Retreat with a 4-Piece Ensuite and Walk-In Closet. Located in the Sought-After Menkes-Built "Park Terrace II", Steps to TTC, York University, Shopping, Restaurants, Parks, and More! ALL UTILITIES INCLUDED in the Maintenance Fees Hydro, Water, Heating, Cable TV & 1 Parking Space Just Move In & Enjoy! Generously Sized Bedrooms & Spacious Living Room Perfect for Relaxing or Entertaining Fantastic Amenities: Outdoor Swimming Pool, Tennis Court, Fully Equipped Gym, Visitor Parking Ideal for First-Time Buyers or Downsizers Seeking Comfort, Space, and Convenience. Don't Miss Out on This RareOpportunity to Own a Beautiful South-Facing Condo with Truly All-Inclusive Living!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$3,020.85/mo

Includes CMHC insurance ($16,428)

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5-yr fixed avg.

Principal: $529,920Interest: $359,907
Mortgage Amount$546,348
Total Interest$359,907
Est. Property Tax$417/mo
Total Cost$906,255

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

91 Townsgate Drive Unit 805, Vaughan

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,280/mo
Range: $1,938 - $2,622
Cap Rate (ROI)
2.4%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,280
Maintenance Fees-$585
Property Tax (est.)-$417
Insurance (est.)-$123
Net Cash Flow+$1,155

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

Competitive Pricing

At $654/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 900 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.

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 $2,453 (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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