$628K · 2 bed Condo Apartment · Unit 1402, 7 Townsgate Drive, Vaughan, Ontario L4J 7Z9

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About this home

This spacious and bright, south-west corner, 2-bedroom unit is ready for you to call it home. Enjoy unobstructed views from the eat-in breakfast area, which seamlessly combines with the kitchen, perfect for a light snack, a warm cup of coffee, or meal preparation. The well-designed layout features two bedrooms split on opposite sides for enhanced privacy, along with a separate sun-filled room to relax your senses. Primary room features a walk-in closet and spacious 3 pcs washroom. The comfortabl…

Property details

MLS#

N13173594

Status

Buy Now

Property class

Residential Condo & Other

Beds

Baths

2 full, 0 half

Rooms

Kitchens

Size

1200-1399Exact finished sqft not on MLS feed (often MPAC-only on broker systems)

Basement

None

Style

Multi-Level

Type

Condo Apartment

Year built

—Year built not on MLS feed (often MPAC-only on broker systems)

Occupancy: Owner Occupied
Washrooms: 3 pc · Flat; 3 pc · Flat
Family room: No
Central vacuum: No
Ensuite laundry: No

Condo corp #: 812
Balcony: None
Locker: Owned
Association amenities: Gym, Indoor Pool, Sauna, Tennis Court
Fees include: Heat Included, Hydro Included, Water Included, CAC Included, Common Elements Included, Building Insurance Included, Parking Included, Cable TV Included
Pets: Yes-with Restrictions

Garage: 1-car Underground
Garage spaces: 1
Parking: 1 total
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Concrete
Fronting on: —
Cross street: Bathurst / Steeles Ave W
Stories: 13
Utilities: —
Laundry: Inside
Interior: None
Parking features: —

Price movement & seller pressure

↓ $82KPrice reduction

MLS shows the seller reduced the asking price by $82,000 (from $710,000 to $628,000).

Motivated SellerWhy this label

102 days on market — Listing has been active for 102 days — extended time on market can signal seller pressure.

Labels reflect MLS fields and listing history in our database — not an opinion on fair market value.

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $628,000✓ $3,341 tax✓ Gas✓ 1200-1399 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$6,359/mo

incl. closing costs (yr 1)

Annual total

$76,305

year 1

Mortgage only

$2,382/mo

principal + interest

Beyond mortgage

$2,765/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$125,600

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$278/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~1,300 ft² · ON avg ~$75/mo

Gas$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$6,280/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$128/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$9,035

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)37% $28,589/yr

Property taxes16% $12,376/yr

Utilities5% $3,960/yr

Insurance & security2% $1,600/yr

Maintenance8% $6,280/yr

Condo fees24% $18,399/yr

Closing costs7% $5,100/yr

Mortgage is 37% of your true cost of ownership. The other 63% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$28,589	$2,382/mo
Government & taxes
Property tax	$3,341	$278/mo
Land transfer tax(closing)	$9,035	$753/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$6,280	$523/mo
Condo fees
Condo / HOA fees	$18,399	$1,533/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$76,305	$6,359/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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Unit 1402

About this home

MyStreetValue™ Analysis

Property details

Additional listing data

Rooms

Price movement & seller pressure

Sales History

Neighbourhood SOLDs

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Annual costs