The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
Incredible opportunity to own a large and spacious 2 bedroom 2 bathroom unit at the coveted Promenade II. Flooded with natural light, large principal rooms, modern and stylish updates throughout: this unit is the definition of turn-key move in ready. Upon entering, you are welcomed by a large foyer and multiple front hall closets providing unparalleled storage options for any condominium unit in this area. The updated oversized kitchen with ample counter and cabinet space, stainless steel appliances, breakfast bar/server window and pot lights provides a perfect opportunity for family cooking, hosting, and all kinds of meal prep. The large open living space with massive windows, formal dining area, walkout to private balcony, high ceilings and new floor easily accommodates families of all shapes and sizes while still leaving plenty of room for entertaining. The very large primary bedroom comes equipped with his and her closets, a full ensuite bath and unobstructed views. The second bedroom has a full closet and secondary access to the large private balcony. Private laundry room with full-sized machines. Full 4 piece guest bathroom. Massive front hall closets. Modern finishes and upgrades. Brand new flooring. Well situated on the 14th floor of a building packed with the amenities you want, this unit will not last long! An incredibly well managed group of buildings with exceptional culture and gated security. Immerse yourself and your family in the plethora of activities supported by building amenities including: pickle ball/tennis courts, pool, gym, party room, outdoor lounge areas, and more. Wonderfully private and well maintained, this unit is also incredibly well situated by the Promenade mall.
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$4,294/mo
Mortgage (principal + interest)$2,802
Property taxFrom listing: $2,901/yr$242
Condo feesFrom listing$1,250
Minimum $49,900 down for this price; the slider moves in whole percent, starting at 7%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$149,800
Ontario land transfer taxProvincial brackets, no first-time refund$11,455
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$164,055
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Vaughan has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
