502-2916 Highway 7 Road, Vaughan, ON
Concord, Vaughan · MLS® N13659186
About this home
In short
- Welcome to this bright and spacious luxury condo in the heart of Vaughan.
- Featuring approximately 10-foot ceilings, 2 bedrooms, 2 full bathrooms, and a versatile den ideal for a home office or study, this south-east facing suite offers a...
- Ideally situated just steps from the subway, with easy access to Highways 400, 407, and 401, and close to shopping, grocery stores, restaurants, parks, entertainment...
Welcome to this bright and spacious luxury condo in the heart of Vaughan! Featuring approximately 10-foot ceilings, 2 bedrooms, 2 full bathrooms, and a versatile den ideal for a home office or study, this south-east facing suite offers a functional open-concept layout with floor-to-ceiling windows that fill the home with an abundance of natural light. The modern kitchen features stainless steel appliances, ample cabinetry, and overlooks the spacious living and dining areas, making it perfect for both everyday living and entertaining. Professionally painted with new flooring throughout, this move-in-ready suite is beautifully refreshed and ready to enjoy. Includes one underground parking space and one locker conveniently located on the same level as the unit. Ideally situated just steps from the subway, with easy access to Highways 400, 407, and 401, and close to shopping, grocery stores, restaurants, parks, entertainment, and York University. An exceptional opportunity offering the perfect combination of style, comfort, convenience, and location-ideal for professionals, families, or investors.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- N13659186
- Bedrooms
- 2+1 (3 total)
- Bathrooms
- 2
- Size
- 800-899 sq ft
- Cross streets
- Jane St & Hwy 7
- Parking
- 1 parking
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Foundation
- Concrete
- Maintenance
- $724/mo
- Exposure
- South East
- Property tax
- $2,800 / 2026
- Days on market
- 70
- Listing brokerage
- REBEST REALTY INC.
Rooms
combined w/dining · window floor to ceiling
modern kitchen · stainless steel appl · quartz counter
window floor to ceiling · ensuite bath
window floor to ceiling · semi ensuite
Listed at $589,500. Going by how homes in Concord and the wider GTA have actually closed against their asking prices (about 97%, 31 local closings in 90 days), the likely sale price is near $573K, if it sells. A realistic range is $539K to $619K.
Independent value check: $550K. Without looking at the asking price, our model values the home itself about 7% below the ask (homes like it typically land between $512K and $578K).
Why $550K. The typical condo sold in Concord over the past year went for about $520K (150 sales). What sets this one apart:
- ▲ Raises it stronglyIt is 800 to 899 sq ft; the typical home sold here is 600 to 699.
- ▲ Raises it2+1 bedrooms and 2 baths, against 1+1 and 2 typically.
Longer on the market than typical. 70 days on the market against about 41 for homes like it here, and asking 7% above where comparable closings put it.
Total price vs nearby homes. Likely closing about $573K, from 31 recent closings in this pocket.
The market behind the math:
About 4.6 months of inventory: 48 condo apartment homes for sale in the area against 31 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $694/sqft against an area asking average of $739/sqft.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood and this building.
It never sees the asking price. The 31 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $533K. Condition and finishes remain an in-person call.
What the listing highlights3 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Open-concept layout: modern, sought-after flow. Lifestyle
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($694/sqft) is below the area, so you are paying for extra space rather than a premium.
Based on 31 comparable homes that sold in Concord over the past two years, from 217 closings there.
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 $773/sqft; this home lists at $694/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for condos in Concord: $465K in September 2026, down 4% from a year ago, on 149 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $525K | 9 |
| November 2025 | $525K | 12 |
| December 2025 | $520K | 11 |
| January 2026 | $532K | 10 |
| February 2026 | $525K | 11 |
| March 2026 | $525K | 15 |
| April 2026 | $519K | 15 |
| May 2026 | $540K | 10 |
| June 2026 | $530K | 17 |
| July 2026 | $505K | 11 |
| August 2026 | $522K | 14 |
| September 2026 | $465K | 14 |
Neighbourhood & location
Concord, Vaughan, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
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
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.
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
Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.
Mortgage amount $471,600 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,608
- Property tax
- $233
- Condo / maintenance fees
- $724
- Heating
- $0
- Estimated monthly cost
- $3,565
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $8,265
- Estimated closing costs
- $8,265
Plus your down payment of $117,900. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
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
At the end of your 5-year term
- Total paid over the term
- $156,453
- Principal paid down
- $57,621
- Interest paid
- $98,833
- Balance remaining
- $413,979
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.
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
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersThe last 5 whole-home leases in Concord signed at a median of $2,650 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,725. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of REBEST REALTY INC.. MLS®/PropTx.