195 Commerce Street Unit 3612, Vaughan

Price: $294,500

0 bedrooms, 1 bathrooms

Property Type: Condo

MLS#: N13728630

New Studio at Festival Condos Prime Vaughan Location!Welcome to this brand-new studio suite at Festival Condos, perfectly situated in the heart of Vaughan. Enjoy unbeatable convenience with Vaughan Metropolitan Centre Subway Station just steps away, providing easy access to transit and everything the city has to offer.This modern community features an impressive array of amenities, including an indoor pool, fully equipped gym, party room, music room, sports bar, social club, kids' play area, and much more.Ideally located close to major shopping, dining, and entertainment destinations, including IKEA, Costco, Walmart, Cineplex, YMCA, and an incredible selection of restaurants. With everything you need right at your doorstep, this is an excellent opportunity for first-time buyers, professionals, students, or investors looking for modern urban living in one of Vaughan's most desirable locations.Don't miss this opportunity to live, invest, and enjoy the ultimate in convenience and lifestyle at Festival Condos!

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active

$294,500 - 195 Commerce Street Unit 3612, Vaughan

Condo for Sale in Vaughan

37 days on market

Neighbourhood: Vaughan Corporate Centre

0Beds
1Baths
N/ASq Ft
Condo

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Property Details
MLS Number
N13728630
Property Type
Condo
Status
active
Days on Site
37
Bedrooms
0
Bathrooms
1
Square Feet
N/A sqft
Neighbourhood
Vaughan
Taxes (2026)
$2,023
Maintenance Fees
$251/mo
Locker
None
Exposure
North
Balcony
Open
Listing Brokerage
HOMELIFE/MIRACLE REALTY LTD
Description

New Studio at Festival Condos Prime Vaughan Location!Welcome to this brand-new studio suite at Festival Condos, perfectly situated in the heart of Vaughan. Enjoy unbeatable convenience with Vaughan Metropolitan Centre Subway Station just steps away, providing easy access to transit and everything the city has to offer.This modern community features an impressive array of amenities, including an indoor pool, fully equipped gym, party room, music room, sports bar, social club, kids' play area, and much more.Ideally located close to major shopping, dining, and entertainment destinations, including IKEA, Costco, Walmart, Cineplex, YMCA, and an incredible selection of restaurants. With everything you need right at your doorstep, this is an excellent opportunity for first-time buyers, professionals, students, or investors looking for modern urban living in one of Vaughan's most desirable locations.Don't miss this opportunity to live, invest, and enjoy the ultimate in convenience and lifestyle at Festival Condos!

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Estimate your monthly payments for this property

Estimated Payment

$1,510.94/mo

Includes CMHC insurance ($8,217)

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5-yr fixed avg.

Principal: $265,050Interest: $180,015
Mortgage Amount$273,267
Total Interest$180,015
Est. Property Tax$209/mo
Total Cost$453,281

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 Corporate Centre

Discover Vaughan Corporate Centre

Vaughan Corporate Centre 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 Corporate Centre

  • •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 Corporate Centre 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

195 Commerce Street Unit 3612, Vaughan

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,760/mo
Range: $2,346 - $3,174
Cap Rate (ROI)
9.1%
Excellent

Monthly Cash Flow Breakdown

Rental Income+$2,760
Maintenance Fees-$251
Property Tax (est.)-$209
Insurance (est.)-$61
Net Cash Flow+$2,239

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, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Market Position

At 37 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.

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. The $251/month fees should cover building insurance, common elements, and reserve contributions.

Efficient Living

At 0 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.

About Vaughan Corporate Centre

I know Vaughan Corporate Centre well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.

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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    195 Commerce Street Unit 3612, Vaughan | $294,500 | Battaglia Team