1207-2908 Hwy 7, Vaughan, ON

Concord, Vaughan · MLS® N13718258

$680,000
For Sale
Listed 54 days agoNo offer date stated
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2Bedrooms
2Bathrooms
1Garage
800-899Sq ft

About this home

In short

  • 2 Bed Condo- 2 Washrooms In The Heart Of Vaughan!.
  • Open Concept Kitchen/ Dining & Living Room W/ W/Out To Balcony.
  • This Spectacular Unit Offers 9 Foot Ceilings, Floor To Ceiling Windows, Minutes To Hwy 400/407, Shops, Dining.

Absolutely Breathtaking! 2 Bed Condo- 2 Washrooms In The Heart Of Vaughan!. Corner Unit with floor-to-ceiling windows throughout. Panoramic Views & Tons Of Natural Sunlight!. Unobstructed views with no other condo buildings looking for great privacy. Located Just Steps To The Vaughan Metropolitan Centre. TTC Subway Short Walk Away. Upgraded Unit. Open Concept Kitchen/ Dining & Living Room W/ W/Out To Balcony. This Spectacular Unit Offers 9 Foot Ceilings, Floor To Ceiling Windows, Minutes To Hwy 400/407, Shops, Dining. Universities, Groceries, Parks & More.

Key facts

Property type
Condo Apartment, Apartment
MLS®
N13718258
Bedrooms
2
Bathrooms
2
Size
800-899 sq ft
Cross streets
Highway 7 And Jane
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Concrete
Maintenance
$656/mo
Exposure
North West
Property tax
$2,813 / 2025
Days on market
54
Listing brokerage
CENTURY 21 LEADING EDGE REALTY INC.

Rooms

Living RoomFlat4.04 × 3.99 m

laminate · w/o to balcony

Our TakeTeam Asgarian · Broker
No automatic estimate

No automatic estimate is shown here: there are not enough closely comparable recent sales nearby to support one.

Considering this property? Request a written price read

Neighbourhood & location

Concord, Vaughan, ON

CommuteTime from this home to where you spend your day

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Affordability & Mortgage

Affordability
$3,099/mo
$141KIncome needed
4.8×Price ÷ income
$715Weekly cost
$10,075Land 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.

78%mortgage
Mortgage $3,099Property tax $234Condo fee $656Total carry $3,989

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)
$3,008per month

Mortgage amount $544,000 · 4.49% over 25 years

$136,000Down payment (20.0%)
$544,000Loan before insurance
$0CMHC premium
$3,898Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$3,008
Property tax
$234
Condo / maintenance fees
$656
Heating
$0
Estimated monthly cost
$3,898

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

One-time closing costs

Ontario land transfer tax
$10,075
Estimated closing costs
$10,075

Plus your down payment of $136,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$3,641/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

$358,361Total interest paid
$902,361Total of all payments
Principal $544,000 Interest $358,361
YearPrincipalInterestBalance
1$12,140$23,955$531,860
2$12,691$23,403$519,169
3$13,267$22,827$505,902
4$13,870$22,225$492,033
5$14,499$21,595$477,533
6$15,158$20,937$462,376
7$15,846$20,249$446,530
8$16,565$19,529$429,964
9$17,317$18,777$412,647
10$18,104$17,991$394,543
11$18,926$17,169$375,618
12$19,785$16,309$355,833
13$20,683$15,411$335,149
14$21,622$14,472$313,527
15$22,604$13,490$290,923
16$23,630$12,464$267,292
17$24,703$11,391$242,589
18$25,825$10,269$216,764
19$26,998$9,097$189,766
20$28,223$7,871$161,543
21$29,505$6,590$132,038
22$30,844$5,250$101,193
23$32,245$3,849$68,949
24$33,709$2,385$35,240
25$35,240$855$0

At the end of your 5-year term

Total paid over the term
$180,472
Principal paid down
$66,467
Interest paid
$114,005
Balance remaining
$477,533

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$2,700/mo
$32,400Gross annual rent
2.6%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.

4.8%
Gross yield
− Property tax $2,813− Condo fees $7,868− Insurance $600− Vacancy & upkeep $3,564Net operating income $17,555

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of CENTURY 21 LEADING EDGE REALTY INC.. MLS®/PropTx.

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