$999,000 - 88 Promenade Circle Unit 905, Vaughan
Condo for Sale in Vaughan
Neighbourhood: Brownridge
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- MLS Number
- N13802532
- Property Type
- Condo
- Status
- active
- Days on Site
- 19
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,400 sqft
- Neighbourhood
- Vaughan
- Taxes (2025)
- $4,836
- Maintenance Fees
- $1,188/mo
- Locker
- Owned
- Exposure
- South East
- Balcony
- Open
- Listing Brokerage
- CENTURY 21 HERITAGE GROUP LTD.
Huge Reduction outstanding new price!!! Exceptional Luxury Corner suite offering 1450 Sq Ft of spacious living space as per builders Prada Model. An additional 100 Sq Ft balcony with w/o from Kitchen and Dining Room to enjoy unobstructed views. This is a fabulous and thoughtfully designed two bedroom condominium with a versatile office which is equipped with built-in cabinets. Elegant porcelain floors flows thought out the Living Room, Dining Room, Kitchen, Office, Hall and Main Bathroom. The renovated (2022) Kitchen is both stylish and functional featuring a great amount of cabinetry and a large quartz counter top for all who enjoy cooking. Residents enjoy an exceptional array of building amenities including 24 hour concierge service, an indoor pool, well equipped fitness center, party room and more. Ideally located to transit and steps to Promenade Mall. This residence offers unmatched convenience in one of Thornhill's most desirable communities.
Estimate your monthly payments for this property
Estimated Payment
$5,125.39/mo
Includes CMHC insurance ($27,872)
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 Brownridge
Brownridge 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 Brownridge
- •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
Brownridge 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.
88 Promenade Circle Unit 905, 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 $714/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 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. The $1188/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.
About Brownridge
I know Brownridge 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 $4,163 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.