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$599,800
DOM22daysFESTIVAL CONDOS · 195 Commerce Street · Vaughan · Ontario L4K 0P9
22 days on market
Festival Tower by Menkes, total 1137sf of living space included large balcony. in the heart of South VMC. This bright and functional suite features an open-concept layout designed for efficient urban living, with floor-to-ceiling windows providing abundant natural light. Contemporary kitchen equipped with stainless steel appliances, quartz countertops, and custom cabinetry. High-end finishes throughout. Enjoy access to over 70,000 sq. ft. of world-class amenities, including an indoor pool, baske…
Could save you thousands on this purchase — closing strategy, negotiation & rebate.
Insufficient comparable sales to generate an estimate. Boost accuracy on MyStreetValue →
Seller signals
No price-drop or motivated-seller signals detected from MLS data we track on this listing.
Property history
Comparable sales
Brokered by: CENTURY 21 KENNECT REALTY
Source: TRREB/PROPTX · MLS® N13847940
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20%+ down — no CMHC premium
≈ $0.07/ft² × ~650 ft² · ON avg ~$75/mo
Typical ON gas-heated home · ~$125/mo
ON municipal avg ~$60/mo
ON internet/TV avg ~$70/mo
1% of value/yr — standard reserve
Landscaping & snow removal · $0 default
$100/mo default · adjust for your home
Optional monitoring · $0 default
From listing or typical fee
Cost composition
Mortgage is 43% of your true cost of ownership. The other 57% surprises most first-time buyers.
Full breakdown
| Mortgage & financing | ||
| Mortgage (P+I) | $27,305 | $2,275/mo |
| Government & taxes | ||
| Property tax | $3,980 | $332/mo |
| Land transfer tax(closing) | $8,471 | $706/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%) | $5,998 | $500/mo |
| Condo fees | ||
| Condo / HOA fees | $7,632 | $636/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 | $64,046 | $5,337/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.