$650,000 - 225 Commerce Street Unit 1702, Vaughan
Condo for Sale in Vaughan
Neighbourhood: Vaughan Corporate Centre
- MLS Number
- N13463734
- Property Type
- Condo
- Status
- active
- Days on Site
- 19
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 600 sqft
- Neighbourhood
- Vaughan
- Locker
- None
- Exposure
- South East
- Balcony
- Open
- Listing Brokerage
- REMAX YOUR COMMUNITY REALTY
Welcome to Festival Tower in the heart of Vaughan Metropolitan Centre, where modern design, hotel-inspired style, and exceptional convenience come together. This bright and beautifully finished 2-bedroom, 2-bathroom comer suite offers 698 sq. ft. of functional living space, soaring 9-foot ceilings, expansive windows, and an abundance of natural light throughout. Thoughtfully designed with quality laminate flooring throughout the main living areas and bedrooms, this suite features a neutral, modern colour palette that creates a timeless backdrop for any furniture style or personal design vision. The open-concept kitchen is finished with custom-designed cabinetry, an engineered quartz countertop, porcelain slab backsplash, stainless steel under-mounted sink, and sleek European appliances, including integrated fridge/ freezer, cooktop, built-in oven, dishwasher, microwave, washer, and dryer. The unit also includes two separate balconies with two walkouts, offering excellent outdoor space and unobstructed south-facing views. Both bathrooms are finished with stylish, contemporary details, including porcelain or ceramic tile flooring, designer-selected fixtures, and modern vanities. Residents enjoy access to approximately 70,000 sq. ft. of premium building amenities, including an indoor pool, rooftop terrace, theatre room, kids playroom, music studio, putting green, stylish lounge areas, workspaces with charging stations, Wi-Fi in the lobby and amenity areas, guest suites, party room, and 24-hour concierge. Perfectly located just steps from the VMC Subway Station and VIVA Rapid way, with quick access to TTC, Union Station, York University, Highways 400 and 407, Vaughan Mills, Canada's Wonderland, restaurants, groceries, shopping, and entertainment. A fantastic opportunity to own in one of Vaughan's most connected and exciting communities.
Estimate your monthly payments for this property
Estimated Payment
$3,334.84/mo
Includes CMHC insurance ($18,135)
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 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
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.
225 Commerce Street Unit 1702, Vaughan
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Rental income estimator & ROI calculator
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 $1083/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.
Market Position
At 19 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. We'll want to verify the monthly fees and what they include.
Efficient Living
At 600 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.
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 $2,708 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.