1408-7 Townsgate Drive, Vaughan, ON

Crestwood-Springfarm-Yorkhill, Vaughan · MLS® N13656850

$869,180
For Sale
Listed 70 days agoNo offer date statedSitting longer than typical
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2Bedrooms
2Bathrooms
1Garage
1200-1399Sq ft

About this home

In short

  • Welcome to this fully renovated move in ready condo almost 1400 square feet.
  • Outstanding facilities including 3 pickleball courts, tennis court, sauna, indoor pool, jacuzzi, squash court, fitness centre, billiard room, library and guest suites.
  • 24 hour concierge service and visitor parking. the building is also been newly removed on every floor.

Welcome to this fully renovated move in ready condo almost 1400 square feet! Two spacious split bedroom layout with two full bathrooms. Primery bedroom has a walk-in closet. Everything is brand new remodelled by a top Toronto designer. No expense was spared by the owner with high end finishes. It boasts a large open living and dining space. A huge laundry room and a double locker on the same floor. Outstanding facilities including 3 pickleball courts, tennis court, sauna, indoor pool, jacuzzi, squash court, fitness centre, billiard room, library and guest suites. 24 hour concierge service and visitor parking. the building is also been newly removed on every floor. The location is perfect right at the corner of Bathurst and steeles. Walking distance to everything. Places of worship, grocery stores, restaurants, parks, TTC and highway right at your door. A must see!

Key facts

Property type
Condo Apartment, Apartment
MLS®
N13656850
Bedrooms
2
Bathrooms
2
Size
1200-1399 sq ft
Cross streets
BATHURST AND STEELES
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Maintenance
$1,487/mo
Exposure
South East
Property tax
$3,229 / 2026
Days on market
70
Listing brokerage
RE/MAX WEST REALTY INC.

Rooms

Bedroom 2Main4.21 × 2.81 m

Large Window

KitchenMain7.15 × 3.27 m

modern kitchen · b/i appliances

BreakfastMain2.58 × 3.27 m

Large Window

LaundryMain2.61 × 2.05 m
Living RoomMain7.15 × 3.27 m

combined w/dining · plank

Family RoomMain0.00 × 0.00 m

Plank

Dining RoomMain7.15 × 3.27 m

combined w/living · open concept · plank

Our TakeTeam Asgarian · Broker
No automatic estimate

No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.

Considering this property? Request a written price read
What sellers nearby are askingCurrently listed nearby in Crestwood-Springfarm-Yorkhill · asking prices
$893kavg asking

The closest active listings by size, beds, and price, so you can see what this home is up against.

Per square foot, these ask about $669/sqft; this home lists at $669/sqft. Size is part of the price story, not just the sticker.

The 5 closest of 8 active listings nearby.

See all comparable homes
869kThis home849k890k898k939k888kThis home vs active comparables

Neighbourhood & location

Crestwood-Springfarm-Yorkhill, Vaughan, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Brownridge
$557K
Beverley Glen
$572K
Vaughan Corporate Centre
$485K
Concord
$563K
Vellore Village
$500K

Typical asking price of active listings of the same type, per area (outliers removed). Vaughan.

Get the full neighbourhood report (schools, parks, transit & safety) →

Affordability & Mortgage

Affordability
$3,961/mo
$190KIncome needed
4.6×Price ÷ income
$914Weekly cost
$13,859Land transfer tax, one-time (Ontario)
20% down4.79%25-yr amortization

Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.

69%mortgage
Mortgage $3,961Property tax $269Condo fee $1,487Total carry $5,718

Calculate and customize your mortgage and other expenses

Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.

Your numbers

$
20.0%
$
%
4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$3,845per month

Mortgage amount $695,344 · 4.49% over 25 years

$173,836Down payment (20.0%)
$695,344Loan before insurance
$0CMHC premium
$5,601Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$3,845
Property tax
$269
Condo / maintenance fees
$1,487
Heating
$0
Estimated monthly cost
$5,601

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$13,859
Estimated closing costs
$13,859

Plus your down payment of $173,836. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$4,653/monthPayment at the qualifying rate

Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.

Over the full 25 years

$458,059Total interest paid
$1,153,403Total of all payments
Principal $695,344 Interest $458,059
YearPrincipalInterestBalance
1$15,517$30,619$679,827
2$16,222$29,914$663,605
3$16,958$29,178$646,647
4$17,728$28,408$628,919
5$18,533$27,603$610,386
6$19,375$26,762$591,011
7$20,254$25,882$570,757
8$21,174$24,962$549,583
9$22,135$24,001$527,448
10$23,140$22,996$504,308
11$24,191$21,945$480,117
12$25,289$20,847$454,827
13$26,438$19,699$428,390
14$27,638$18,498$400,752
15$28,893$17,243$371,859
16$30,205$15,931$341,655
17$31,576$14,560$310,078
18$33,010$13,126$277,069
19$34,508$11,628$242,560
20$36,075$10,061$206,485
21$37,713$8,423$168,772
22$39,426$6,711$129,346
23$41,216$4,920$88,130
24$43,087$3,049$45,043
25$45,043$1,093$0

At the end of your 5-year term

Total paid over the term
$230,681
Principal paid down
$84,958
Interest paid
$145,722
Balance remaining
$610,386

Talk to Team Asgarian about your options

Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.

Let's connect

Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.

Investor snapshot

Rental yield
Estimate$4,100/mo
$49,200Gross annual rent
2.5%Cap rate after taxes and upkeep

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

Estimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.

5.7%
Gross yield
− Property tax $3,229− Condo fees $17,845− Insurance $600− Vacancy & upkeep $5,412Net operating income $22,114

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX WEST REALTY INC.. MLS®/PropTx.

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