4807-2920 Highway 7 Road, Vaughan, ON
Concord, Vaughan · MLS® N13754134
About this home
In short
- Welcome to this stunning 2 Bedroom + 2 Bathroom corner unit at CG Towers, offering a bright and spacious open-concept layout designed for modern living.
- Ideally located in a highly sought-after area, you are surrounded by an abundance of amenities including Costco, IKEA, movie theatres, restaurants, and shopping, with...
Welcome to this stunning 2 Bedroom + 2 Bathroom corner unit at CG Towers, offering a bright and spacious open-concept layout designed for modern living. This sun-filled suite features multiple exposures, allowing natural light to pour in throughout the day, along with beautiful north east views that create a warm and inviting atmosphere. The well-designed floor plan offers seamless flow between the living, dining, and kitchen areas, making it ideal for both everyday living and entertaining. Enjoy a contemporary space in a newer building, complete with quality finishes and a comfortable, functional layout. Ideally located in a highly sought-after area, you are surrounded by an abundance of amenities including Costco, IKEA, movie theatres, restaurants, and shopping, with quick and easy access to Hwy 400. Commuting is effortless with the subway station just minutes away. This is a perfect opportunity for those looking to enjoy a vibrant, convenient lifestyle in a bright and stylish home.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- N13754134
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 900-999 sq ft
- Cross streets
- Highway 7 Rd & Jane St
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $587/mo
- Exposure
- North East
- Property tax
- $3,424 / 2025
- Days on market
- 41
- Listing brokerage
- ENGEL & VOLKERS TORONTO CITY
Rooms
3 pc bath · closet · window
window · closet
combined w/dining · combined w/kitchen · open concept
combined w/living · w/o to balcony · open concept
Listed at $620,000. 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 $602K, if it sells. A realistic range is $567K to $652K.
Independent value check: $612K. Without looking at the asking price, our model values the home itself in line with the ask (homes like it typically land between $569K and $643K).
Why $612K. 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 900 to 999 sq ft; the typical home sold here is 600 to 699.
- ▲ Raises itIts tax bill, which follows the city's own assessment, is $3,424 a year; the typical home sold here pays about $2,700.
- ▲ Raises it2 bedrooms and 2 baths, against 1+1 and 2 typically.
Total price vs nearby homes. Likely closing about $602K, from 31 recent closings in this pocket.
The market behind the math:
About 3.2 months of inventory: 33 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 $653/sqft against an area asking average of $708/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 $572K. Condition and finishes remain an in-person call.
What the listing highlights1 point to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Open-concept layout: modern, sought-after flow. Lifestyle
Based on 31 comparable homes that sold in Concord over the past two years, from 217 closings there.
For sale
For sale
For sale
For sale
For sale
For sale
For sale
For saleThe closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $677/sqft; this home lists at $653/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 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 19, 2026); conventional rates run a little higher.
Mortgage amount $496,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,742
- Property tax
- $285
- Condo / maintenance fees
- $587
- Heating
- $0
- Estimated monthly cost
- $3,615
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $8,875
- Estimated closing costs
- $8,875
Plus your down payment of $124,000. 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
- $164,548
- Principal paid down
- $60,602
- Interest paid
- $103,946
- Balance remaining
- $435,398
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 9 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 $2,850. 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 ENGEL & VOLKERS TORONTO CITY. MLS®/PropTx.