512-81 Townsgate Drive, Vaughan, ON

Crestwood-Springfarm-Yorkhill, Vaughan · MLS® N13803714

$495,000
For Sale
Listed 31 days agoNo offer date stated
Request a showing
◎ Directions
2Bedrooms
1Bathrooms
1Garage
800-899Sq ft

About this home

In short

  • Golden Afternoon Sunlight Fills This West-Facing Two-Bedroom Suite, Featuring A Thoughtfully Designed Split Layout, Plus All-Inclusive Maintenance Fees For Truly...
  • The Modern Kitchen Is Equipped With Granite Countertops, Stone Backsplash, Breakfast Bar, And Top-Of-The-Line Stainless Steel Appliances, Seamlessly Connecting To The...
  • Enjoy Easy Access To Everyday Amenities Just Steps From The Building, With Highways 404 And 407 And Promenade Mall Only Minutes Away.

Golden Afternoon Sunlight Fills This West-Facing Two-Bedroom Suite, Featuring A Thoughtfully Designed Split Layout, Plus All-Inclusive Maintenance Fees For Truly Worry-Free Living. The Modern Kitchen Is Equipped With Granite Countertops, Stone Backsplash, Breakfast Bar, And Top-Of-The-Line Stainless Steel Appliances, Seamlessly Connecting To The Open-Concept Living And Dining Area, Ideal For Entertaining Or Everyday Living. The Bright Living Space Walks Out To A Generously Sized West-Facing Balcony, Perfect For Enjoying Sunsets And Evenings Outdoors. Laminate Flooring Runs Throughout, Complemented By Designer Paint, Upscale Light Fixtures, And Custom Drapery, Creating A Clean And Move-In Ready Feel. The Bathroom Features An Acrylic Tub And An Oversized Vanity With Granite Countertop. Both Bedrooms Are Well-Sized, With The Primary Bedroom Offering Direct Access To The Balcony... A Private Retreat To Unwind At The End Of The Day. Same-Level Parking And An Exclusive Locker Provide Added Everyday Convenience. Enjoy Easy Access To Everyday Amenities Just Steps From The Building, With Highways 404 And 407 And Promenade Mall Only Minutes Away. Where Natural Light, Smart Design, And Everyday Convenience Come Together Beautifully-Ready For You To Enjoy!

Key facts

Property type
Condo Apartment, Apartment
MLS®
N13803714
Bedrooms
2
Bathrooms
1
Size
800-899 sq ft
Cross streets
Bathurst/Steeles
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Concrete
Maintenance
$962/mo
Exposure
West
Property tax
$2,081 / 2025
Days on market
31
Listing brokerage
RE/MAX HALLMARK REALTY LTD.

Rooms

Dining RoomFlat4.56 × 1.78 m

laminate · combined w/living

Primary BedroomFlat3.08 × 4.72 m

laminate · w/o to balcony · mirrored closet

Living RoomFlat4.49 × 3.85 m

laminate · w/o to balcony · sliding doors

KitchenFlat3.62 × 2.70 m

ceramic floor · granite counters · stainless steel appl

BathroomFlat2.95 × 1.46 m

tile floor · granite counters · b/i shelves

FoyerFlat1.22 × 2.28 m

laminate · mirrored closet

Bedroom 2Flat2.85 × 4.25 m

laminate · mirrored closet · large window

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
What sellers nearby are askingCurrently listed nearby in Crestwood-Springfarm-Yorkhill · asking prices
$469kavg 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 $553/sqft; this home lists at $583/sqft. Size is part of the price story, not just the sticker.

The 5 closest of 7 active listings nearby.

See all comparable homes
495kThis home530k440k479k495k400kThis home vs active comparables

Neighbourhood & location

Crestwood-Springfarm-Yorkhill, 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.

Brownridge
$557K
Beverley Glen
$572K
Vaughan Corporate Centre
$485K
Concord
$563K
Vellore Village
$500K

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
$2,256/mo
$113KIncome needed
4.4×Price ÷ income
$521Weekly cost
$6,375Land 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.

67%mortgage
Mortgage $2,256Property tax $173Condo fee $962Total carry $3,392

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)
$2,190per month

Mortgage amount $396,000 · 4.49% over 25 years

$99,000Down payment (20.0%)
$396,000Loan before insurance
$0CMHC premium
$3,325Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,190
Property tax
$173
Condo / maintenance fees
$962
Heating
$0
Estimated monthly cost
$3,325

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

One-time closing costs

Ontario land transfer tax
$6,375
Estimated closing costs
$6,375

Plus your down payment of $99,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$2,650/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

$260,866Total interest paid
$656,866Total of all payments
Principal $396,000 Interest $260,866
YearPrincipalInterestBalance
1$8,837$17,438$387,163
2$9,238$17,036$377,925
3$9,658$16,617$368,267
4$10,096$16,178$358,171
5$10,555$15,720$347,616
6$11,034$15,241$336,582
7$11,535$14,740$325,047
8$12,059$14,216$312,989
9$12,606$13,669$300,383
10$13,178$13,096$287,204
11$13,777$12,498$273,428
12$14,402$11,872$259,025
13$15,056$11,218$243,969
14$15,740$10,535$228,229
15$16,455$9,820$211,775
16$17,202$9,073$194,573
17$17,983$8,292$176,590
18$18,799$7,476$157,791
19$19,653$6,622$138,139
20$20,545$5,730$117,594
21$21,478$4,797$96,116
22$22,453$3,822$73,663
23$23,472$2,802$50,190
24$24,538$1,736$25,652
25$25,652$622$0

At the end of your 5-year term

Total paid over the term
$131,373
Principal paid down
$48,384
Interest paid
$82,989
Balance remaining
$347,616

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
3.0%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.

6.5%
Gross yield
− Property tax $2,081− Condo fees $11,546− Insurance $600− Vacancy & upkeep $3,564Net operating income $14,609

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

CallRequest a showing