3307-2916 Highway 7 Road, Vaughan, ON

Concord, Vaughan · MLS® N13788898

$545,000
For Sale
Listed 33 days agoNo offer date stated
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2Bedrooms
2Bathrooms
1Parking
800-899Sq ft

About this home

In short

  • Step Into Luxury With This Bright And Modern 2-Bedroom, 2-Bathroom Residence Nestled In Downtown Vaughan.
  • Highlighted By Soaring 9-Foot Ceilings And Elegant Hardwood Flooring Throughout, This Bright Home Features Floor-To-Ceiling Windows Capturing Spectacular Unobstructed...
  • The Fluid Open-Concept Design Effortlessly Merges The Generous Living And Dining Spaces With An Upgraded Kitchen Complete With Quartz Countertops And An Executive...
  • Complete With In-Suite Laundry, This Property Offers Unrivaled Accessibility Just Moments From The Vaughan Metropolitan Centre TTC Subway Station, Cortellucci Vaughan...

Step Into Luxury With This Bright And Modern 2-Bedroom, 2-Bathroom Residence Nestled In Downtown Vaughan. Highlighted By Soaring 9-Foot Ceilings And Elegant Hardwood Flooring Throughout, This Bright Home Features Floor-To-Ceiling Windows Capturing Spectacular Unobstructed Southwest Vistas. The Fluid Open-Concept Design Effortlessly Merges The Generous Living And Dining Spaces With An Upgraded Kitchen Complete With Quartz Countertops And An Executive Backsplash. Step Out To Your Private Enclosed Balcony To Unwind Or Enjoy Your Morning Brew. Complete With In-Suite Laundry, This Property Offers Unrivaled Accessibility Just Moments From The Vaughan Metropolitan Centre TTC Subway Station, Cortellucci Vaughan Hospital, Vaughan Mills, Canada's Wonderland, Costco, IKEA, Local Parks, Dining, And Highways 400/407. *Some photos are virtually staged.

Key facts

Property type
Condo Apartment, Apartment
MLS®
N13788898
Bedrooms
2
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
Brick, Other
Maintenance
$693/mo
Exposure
South West
Property tax
$2,857 / 2025
Days on market
33
Listing brokerage
RE/MAX WEST REALTY INC.

Rooms

Dining RoomMain4.00 × 3.72 m

Combined w/Living

FoyerMain2.33 × 1.66 m
Primary BedroomMain3.20 × 2.36 m
Living RoomMain4.00 × 3.72 m

Combined w/Dining

KitchenMain2.90 × 2.60 m
Bedroom 2Main3.40 × 2.83 m
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

Neighbourhood & location

Concord, 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.

Vaughan Corporate Centre
$493K
Vellore Village
$524K
Maple
$600K
Brownridge
$557K
Beverley Glen
$572K

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
$2,484/mo
$119KIncome needed
4.6×Price ÷ income
$573Weekly cost
$7,375Land 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.

73%mortgage
Mortgage $2,484Property tax $238Condo fee $693Total carry $3,415

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 19, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$2,411per month

Mortgage amount $436,000 · 4.49% over 25 years

$109,000Down payment (20.0%)
$436,000Loan before insurance
$0CMHC premium
$3,342Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,411
Property tax
$238
Condo / maintenance fees
$693
Heating
$0
Estimated monthly cost
$3,342

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

One-time closing costs

Ontario land transfer tax
$7,375
Estimated closing costs
$7,375

Plus your down payment of $109,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$2,918/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

$287,216Total interest paid
$723,216Total of all payments
Principal $436,000 Interest $287,216
YearPrincipalInterestBalance
1$9,730$19,199$426,270
2$10,171$18,757$416,099
3$10,633$18,295$405,466
4$11,116$17,813$394,350
5$11,621$17,308$382,729
6$12,148$16,780$370,580
7$12,700$16,229$357,880
8$13,277$15,652$344,604
9$13,879$15,049$330,724
10$14,510$14,419$316,215
11$15,168$13,760$301,046
12$15,857$13,072$285,189
13$16,577$12,352$268,612
14$17,330$11,599$251,283
15$18,117$10,812$233,166
16$18,939$9,989$214,227
17$19,799$9,130$194,428
18$20,698$8,231$173,730
19$21,638$7,291$152,092
20$22,620$6,308$129,472
21$23,647$5,281$105,825
22$24,721$4,208$81,104
23$25,843$3,085$55,260
24$27,017$1,912$28,243
25$28,243$685$0

At the end of your 5-year term

Total paid over the term
$144,643
Principal paid down
$53,271
Interest paid
$91,372
Balance remaining
$382,729

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
3.1%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.

5.9%
Gross yield
− Property tax $2,857− Condo fees $8,321− Insurance $600− Vacancy & upkeep $3,564Net operating income $17,058

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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