950 Portage Parkway Unit 5007, Vaughan

Price: $458,888

2 bedrooms, 2 bathrooms

600 sqft

Property Type: New Construction

MLS#: N13429366

Welcome To Suite #5007 At Transit City, A Landmark Address In The Heart Of Vaughan Metropolitan Centre. Perched High Above The City, This South-Facing 2-Bedroom, 2-Bathroom Suite Offers Breathtaking Unobstructed Views Toward The Toronto Skyline, CN Tower And Lake Ontario. Featuring A Functional Split-Bedroom Layout, Floor-To-Ceiling Windows, 9 Ft Smooth Ceilings, Laminate Flooring Throughout And A Large Private Balcony, This Apartment Is Designed For Modern Comfort and Everyday Convenience. The Contemporary Kitchen Includes Built-In Appliances, Stone Countertops And A Sleek Open-Concept Design Flowing Seamlessly Into The Living And Dining Areas. Located Right At The Vaughan Metropolitan Centre TTC Subway Station, Commuting To York University, Downtown Toronto and The GTA Is Effortless. Enjoy Quick Access To Hwy 7, 400 And 407, Plus Nearby Shopping, Restaurants, Entertainment, YMCA, Library, Parks And Community Amenities. Ideal For First-Time Buyers, Professionals, Downsizers And Investors.

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$458,888 - 950 Portage Parkway Unit 5007, Vaughan

New Construction for Sale in Vaughan

Neighbourhood: Vaughan Corporate Centre

2Beds
2Baths
600Sq Ft
New Construction
Property Details
MLS Number
N13429366
Property Type
New Construction
Status
active
Days on Site
26
Bedrooms
2
Bathrooms
2
Square Feet
600 sqft
Neighbourhood
Vaughan
Locker
None
Exposure
South
Balcony
Open
Listing Brokerage
RIGHT AT HOME REALTY
Description

Welcome To Suite #5007 At Transit City, A Landmark Address In The Heart Of Vaughan Metropolitan Centre. Perched High Above The City, This South-Facing 2-Bedroom, 2-Bathroom Suite Offers Breathtaking Unobstructed Views Toward The Toronto Skyline, CN Tower And Lake Ontario. Featuring A Functional Split-Bedroom Layout, Floor-To-Ceiling Windows, 9 Ft Smooth Ceilings, Laminate Flooring Throughout And A Large Private Balcony, This Apartment Is Designed For Modern Comfort and Everyday Convenience. The Contemporary Kitchen Includes Built-In Appliances, Stone Countertops And A Sleek Open-Concept Design Flowing Seamlessly Into The Living And Dining Areas. Located Right At The Vaughan Metropolitan Centre TTC Subway Station, Commuting To York University, Downtown Toronto and The GTA Is Effortless. Enjoy Quick Access To Hwy 7, 400 And 407, Plus Nearby Shopping, Restaurants, Entertainment, YMCA, Library, Parks And Community Amenities. Ideal For First-Time Buyers, Professionals, Downsizers And Investors.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,354.33/mo

Includes CMHC insurance ($12,803)

$
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5%10%50%

5-yr fixed avg.

Principal: $412,999Interest: $280,498
Mortgage Amount$425,802
Total Interest$280,498
Est. Property Tax$325/mo
Total Cost$706,300

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

950 Portage Parkway Unit 5007, Vaughan

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,400/mo
Range: $2,040 - $2,760
Cap Rate (ROI)
5.2%
Good

Monthly Cash Flow Breakdown

Rental Income+$2,400
Maintenance Fees-$0
Property Tax (est.)-$325
Insurance (est.)-$96
Net Cash Flow+$1,979

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

Competitive Pricing

At $765/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 26 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.

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.

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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    950 Portage Parkway Unit 5007, Vaughan | $458,888 | Battaglia Team