$569,000 - 950 Portage Parkway Unit 1606, Vaughan
Condo for Sale in Vaughan
New — Listed 7 days ago- MLS Number
- N13220182
- Property Type
- Condo
- Status
- active
- Days on Site
- 7
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Vaughan
- Locker
- None
- Exposure
- South East
- Balcony
- Open
- Listing Brokerage
- SUTTON GROUP-ADMIRAL REALTY INC.
First-time buyers, look no further! Positioned in the heart of Vaughan's rapidly growing Transit City community, this rare corner 2-bedroom unit at 950 Portage Parkway #1606 delivers 770 sq. ft. of efficient, carpet-free living space on a high floor with a desirable southeast exposure and unobstructed city skyline views. The open-concept layout seamlessly connects the living and kitchen areas, featuring built-in appliances, sleek finishes, wallpaper accents throughout for a modern and luxurious feel, and a walk-out to a balcony with vinyl deck tiles, creating a warm, move-in-ready outdoor space perfect for enjoying morning light or evening city views. Brand new washer & dryer combo installed (2026). Both bedrooms are thoughtfully designed with custom built-in closets and shelving, offering exceptional storage solutions rarely found in condo living, while the spacious primary bedroom is complemented by a private ensuite for added comfort and privacy. The unit also includes one owned parking space adding everyday convenience and long-term value. Residents enjoy access to a full suite of modern building amenities, including concierge and security services, a fully equipped fitness centre, party and meeting rooms, games room, bike storage, elevators, and community BBQ areas, all within a well-managed, professionally maintained building. Located steps from the Vaughan Metropolitan Centre TTC subway station right outside the front door, this address offers unmatched transit connectivity to downtown Toronto and beyond, with quick access to Highway 7 and Highway 400. Everyday essentials, dining, and entertainment are moments away at Vaughan Mills, IKEA, Canada's Wonderland, Cineplex Cinemas, National Golf Club of Canada, and the vibrant VMC core, along with nearby parks, community centres, schools, hospital, and places of worship-making this an ideal opportunity for downsizing end-users, or investors seeking modern urban living with exceptional convenience.
Estimate your monthly payments for this property
Estimated Payment
$2,919.26/mo
Includes CMHC insurance ($15,875)
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.
950 Portage Parkway Unit 1606, 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
Fair Market Value
At $813/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.
Efficient Living
At 700 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 $2,371 (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.