1608-5 Buttermill Avenue, Vaughan, ON

Vaughan Corporate Centre, Vaughan · MLS® N13782890

$478,000
For Sale
Listed 36 days agoNo offer date stated
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2Bedrooms
2Bathrooms
0Parking
600-699Sq ft

About this home

In short

  • Welcome to Your Next Home.
  • Bright and Spacious 2 Bedroom 2 Bathroom Plus Study in High Demand Vaughan Metropolitan Centre.
  • This Luxurious Unit Features An Open Concept Layout With Modern Finishes 9 Ft Ceilings, Floor to Ceiling Windows and Laminate Flooring Throughout.
  • Building Features; Training Pool, Steam Rooms, Whirlpool Spa, Basketball Court, Social Lounge, Golf Simulator, Rooftop Deck With BBQ, Guest Suites & More.
  • Enjoy Easy Commuter Access in the Heart of Vaughan, Steps To Vaughan Subway, VMC Bus Terminal And Only Mins To Hwy 7, 400, 407, York University, Vaughan Mills...

Welcome to Your Next Home! Bright and Spacious 2 Bedroom 2 Bathroom Plus Study in High Demand Vaughan Metropolitan Centre. This Luxurious Unit Features An Open Concept Layout With Modern Finishes 9 Ft Ceilings, Floor to Ceiling Windows and Laminate Flooring Throughout. Beautiful Kitchen With Upgraded Cabinets, Quartz Countertops, Under-Mount Sink and Integrated Kitchen Appliances. Ensuite Laundry Room With Storage. Enjoy Living In This Well Maintained Building With Exceptional Amenities & 24 Hrs Concierge. Building Features; Training Pool, Steam Rooms, Whirlpool Spa, Basketball Court, Social Lounge, Golf Simulator, Rooftop Deck With BBQ, Guest Suites & More! Enjoy Easy Commuter Access in the Heart of Vaughan, Steps To Vaughan Subway, VMC Bus Terminal And Only Mins To Hwy 7, 400, 407, York University, Vaughan Mills, Wonderland & More. Surrounded By Excellent Amenities, Restaurants, Groceries & Entertainment. Enjoy The Convenient Location With This Move In Ready Suite! 1 Year YMCA Membership Included, Rogers Internet Included In Maintenance Fees. Ideal Location, With Easy Access to Shopping, Costco, Restaurants, Entertainment and More.

Key facts

Property type
Condo Apartment, Apartment
MLS®
N13782890
Bedrooms
2
Bathrooms
2
Size
600-699 sq ft
Cross streets
Highway 7 & Jane St
Parking
0 parking
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Concrete, Metal/Steel Siding
Maintenance
$453/mo
Exposure
North
Property tax
$2,476 / 2026
Days on market
36
Listing brokerage
RE/MAX REALTRON REALTY INC.

Rooms

Living RoomMain2.67 × 3.11 m

laminate · balcony · window floor to ceiling

BreakfastMain2.30 × 2.50 m

laminate · combined w/kitchen · combined w/living

BathroomMain2.31 × 1.73 m

3 pc bath · quartz counter · porcelain floor

LaundryMain1.00 × 1.73 m

b/i appliances · separate room · porcelain floor

Bedroom 2Main2.58 × 2.60 m

large closet · laminate · separate room

KitchenMain3.39 × 3.55 m

b/i appliances · centre island · combined w/den

Primary BedroomMain3.36 × 3.05 m

large closet · 4 pc bath · window floor to ceiling

FoyerMain1.44 × 1.09 m

closet · laminate · pot lights

BathroomMain1.53 × 2.43 m

4 pc bath · quartz counter · porcelain floor

Our TakeTeam Asgarian · Broker
A small discount is typical
$467Klikely sale price

Listed at $478,000. Going by how homes in Vaughan Corporate Centre and the wider GTA have actually closed against their asking prices (about 98%, 28 local closings in 90 days), the likely sale price is near $467K, if it sells. A realistic range is $440K to $506K.

Independent value check: $477K. Without looking at the asking price, our model values the home itself in line with the ask (homes like it typically land between $444K and $502K).

Why $477K. The typical condo sold in Vaughan Corporate Centre over the past year went for about $475K (125 sales). What sets this one apart:

  • ▲ Raises it2 bedrooms and 2 baths, against 1+1 and 2 typically.
  • ▼ Lowers it0 garage and 0 total parking spaces, against 1 and 1 typically.
List price
$440KBelow recent closings$506KAbove recent closings

Total price vs nearby homes. Likely closing about $467K, from 28 recent closings in this pocket.

The market behind the math:

28sold nearby · 90 days
$420Kmedian sold price
96%of asking, on average
−22%prices vs a year ago
~36 dayshomes like this take to sell
36days on market so far
$2,297/moest. rent · 48 leases
5.8%gross yield on the ask
Buyer's market
Buyer's marketSeller's market

About 6.3 months of inventory: 59 condo apartment homes for sale in the area against 28 closings in the last 90 days. Under two months favours sellers, over four favours buyers.

This home
Below area avgAbove area avg

Price per square foot: this home lists at $736/sqft against an area asking average of $794/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 28 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $438K. 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.

  • Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
  • Open-concept layout: modern, sought-after flow. Lifestyle
  • Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver

Based on 33 homes sold in this building over the past two years, from 286 closings in Vaughan Corporate Centre.

What sellers nearby are askingCurrently listed nearby in Vaughan Corporate Centre · asking prices
$477kavg 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 $733/sqft; this home lists at $736/sqft. Size is part of the price story, not just the sticker.

The 5 closest of 8 active listings nearby.

See all comparable homes
478kThis home479k475k470k460k499kThis home vs active comparables

Sold price trend

Median sold price for condos in Vaughan Corporate Centre: $448K in September 2026, down 3% from a year ago, on 127 closings in 12 months.

Oct 25Sep 26

Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.

Month by month
MonthMedian soldClosings
October 2025$507K12
November 2025$442K11
December 2025$400K5
January 2026$497K16
February 2026$465K5
March 2026$480K12
April 2026$511K8
May 2026$455K12
June 2026$500K21
July 2026$470K8
August 2026$395K5
September 2026$448K12

Neighbourhood & location

Vaughan Corporate Centre, 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.

Concord
$555K
Vellore Village
$492K
West Woodbridge
$745K
Maple
$600K
Brownridge
$557K

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
$2,179/mo
$102KIncome needed
4.7×Price ÷ income
$503Weekly cost
$6,035Land 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.

77%mortgage
Mortgage $2,179Property tax $206Condo fee $453Total carry $2,838

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 21, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$2,114per month

Mortgage amount $382,400 · 4.49% over 25 years

$95,600Down payment (20.0%)
$382,400Loan before insurance
$0CMHC premium
$2,774Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,114
Property tax
$206
Condo / maintenance fees
$453
Heating
$0
Estimated monthly cost
$2,774

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

One-time closing costs

Ontario land transfer tax
$6,035
Estimated closing costs
$6,035

Plus your down payment of $95,600. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$2,559/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

$251,907Total interest paid
$634,307Total of all payments
Principal $382,400 Interest $251,907
YearPrincipalInterestBalance
1$8,534$16,839$373,866
2$8,921$16,451$364,945
3$9,326$16,046$355,619
4$9,749$15,623$345,870
5$10,192$15,180$335,678
6$10,655$14,717$325,023
7$11,139$14,234$313,884
8$11,644$13,728$302,240
9$12,173$13,199$290,067
10$12,726$12,646$277,341
11$13,304$12,069$264,037
12$13,908$11,465$250,129
13$14,539$10,833$235,590
14$15,199$10,173$220,391
15$15,889$9,483$204,502
16$16,611$8,761$187,891
17$17,365$8,007$170,526
18$18,153$7,219$152,372
19$18,978$6,395$133,394
20$19,839$5,533$113,555
21$20,740$4,632$92,815
22$21,682$3,690$71,133
23$22,666$2,706$48,467
24$23,695$1,677$24,771
25$24,771$601$0

At the end of your 5-year term

Total paid over the term
$126,861
Principal paid down
$46,722
Interest paid
$80,139
Balance remaining
$335,678

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
From 48 whole-home leases in Vaughan Corporate Centre$2,297/mo
$27,564Gross annual rent
3.4%Cap rate after taxes and upkeep
$2,150 to $2,500Typical rent range
~19 daysTo find a tenant, on average

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

Talk about the numbers

The last 48 whole-home leases in Vaughan Corporate Centre signed at a median of $2,200 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,297. 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.

5.8%
Gross yield
− Property tax $2,476− Condo fees $5,438− Insurance $600− Vacancy & upkeep $3,032Net operating income $16,018

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

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