$992,000 - 7250 Yonge Street Unit 506, Vaughan
Condo for Sale in Vaughan
Neighbourhood: Crestwood-Springfarm-Yorkhill
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- MLS Number
- N13776926
- Property Type
- Condo
- Status
- active
- Days on Site
- 25
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,400 sqft
- Neighbourhood
- Vaughan
- Taxes (2026)
- $3,394
- Maintenance Fees
- $1,593/mo
- Locker
- Owned
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- BAY STREET GROUP INC.
Discover one of the largest house-like living condo unit with high ceilings and 3 washrooms in this prestigious luxury building. This completely remodeled 2+1 residence offers over 1,500 sq. ft. of sophisticated living space with breathtaking South views, abundant natural light, privacy and tranquility. The redesigned layout features a stunning fully renovated open-concept kitchen with brand-new cabinetry, quartz countertops, backsplash and stainless-steel appliances. The kitchen opens beautifully to the living and dinning space, enhanced by pot lights and elegant pendant lighting over the island. Spacious living and dining areas walk out to a large south-facing balcony, upgraded with new flooring and freshly painted walls and ceiling-perfect for enjoying the surrounding views. The exceptionally large Den feels like a true third bedroom, offering natural light, a double door and excellent privacy. Ideal as a home office, guest room or additional living space. The generous primary bedroom retreat features a four-piece ensuite bathroom, built-in closet and two large walk-in closets with brand new shelving. The second bedroom offers a large built-in closet and a renovated four-piece bathroom. Bathrooms have been extensively upgraded, including a renovated ensuite shower, tiles and refreshed second bathroom with new bathtub, shower finishes and faucets. There is an additional updated powder room. Additional upgrades include brand-new engineered hardwood flooring throughout, modern pot lights, new chandeliers and light fixtures, and replaced doors and locks. Move-in ready with extensive renovations throughout. Includes one owned locker. Maintenance fees include all utilities, internet and cable. Resort-style amenities include 24-hour concierge, outdoor pool, tennis, squash, gym, library and party room. Ideally located with transit at your doorstep, close to shopping, restaurants, schools and everyday amenities, with a future subway stop planned at the corner.
Estimate your monthly payments for this property
Estimated Payment
$5,089.47/mo
Includes CMHC insurance ($27,677)
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 Crestwood-Springfarm-Yorkhill
Crestwood-Springfarm-Yorkhill 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 Crestwood-Springfarm-Yorkhill
- •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
Crestwood-Springfarm-Yorkhill 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.
7250 Yonge Street Unit 506, Vaughan
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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
Competitive Pricing
At $709/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 25 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 $1593/month fees should cover building insurance, common elements, and reserve contributions.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
About Crestwood-Springfarm-Yorkhill
I know Crestwood-Springfarm-Yorkhill 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.