242-281 Woodbridge Avenue, Vaughan, ON

West Woodbridge, Vaughan · MLS® N13823908

$699,888
For Sale
Listed 26 days agoNo offer date stated
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2Bedrooms
2Bathrooms
1Garage
900-999Sq ft

About this home

In short

  • Welcome To Exceptional Condo Living In The Heart Of Market Lane, One Of Woodbridge's Most Sought-After Communities.
  • This Spacious 2-Bedroom, 2-Washroom Suite Offers A Highly Desirable Open Concept Layout That Connects The Living And Dining Areas, Creating A Bright And Functional...
  • Over 900 Sqft Of Living Space Makes This Unit Ideal For Downsizers, First Time Home Buyers Or Small Families.
  • This Unit Comes With One Parking Space And One Locker, With The Added Bonus Of The Parking Spot Being Located Right Next To The Elevator For Exceptional Convenience.
  • Commuters Will Appreciate Quick Access To Major Highways Including Highway 400, Highway 407, And Highway 427, Making Travel Throughout The GTA Simple And Efficient.

Welcome To Exceptional Condo Living In The Heart Of Market Lane, One Of Woodbridge's Most Sought-After Communities. This Spacious 2-Bedroom, 2-Washroom Suite Offers A Highly Desirable Open Concept Layout That Connects The Living And Dining Areas, Creating A Bright And Functional Space Ideal For Both Everyday Living And Entertaining. Over 900 Sqft Of Living Space Makes This Unit Ideal For Downsizers, First Time Home Buyers Or Small Families. Large Windows Fill The Unit With Natural Light, Enhancing The Comfortable Design And Well-Planned Layout. Both Bedrooms Are Generously Sized, Offering Ample Space For Full Bedroom Furnishings And Additional Flexibility For A Home Office Or Sitting Area. The Practical Floorplan Includes Two Full Washrooms, Including An Ensuite To The Primary Bedroom, Providing Convenience And Privacy For Residents And Guests Alike. Step Outside To A Large Private Balcony Overlooking The Beautifully Maintained Garden And Courtyard, Complete With A Gas Line For BBQ - Perfect For Outdoor Cooking And Entertaining. This Unit Comes With One Parking Space And One Locker, With The Added Bonus Of The Parking Spot Being Located Right Next To The Elevator For Exceptional Convenience. Situated In The Vibrant Market Lane Area, You Are Just Steps To Boutique Shops, Restaurants, Cafés, And Everyday Amenities That Give The Neighbourhood Its Unique Charm. Commuters Will Appreciate Quick Access To Major Highways Including Highway 400, Highway 407, And Highway 427, Making Travel Throughout The GTA Simple And Efficient. Parks, Scenic Walking Trails, And Nearby Recreational Facilities Further Enhance The Appeal Of This Prime Woodbridge Location. A Fantastic Opportunity To Own In A Well-Established Community That Offers Space, Convenience, And An Unbeatable Woodbridge Lifestyle

Key facts

Property type
Condo Apartment, Apartment
MLS®
N13823908
Bedrooms
2
Bathrooms
2
Size
900-999 sq ft
Cross streets
Kipling & Woodbridge Ave
Parking
1 garage (underground)
Basement
None
Heating
Fan Coil
A/C
Central Air
Exterior
Brick, Concrete
Foundation
Concrete, Concrete Block
Maintenance
$709/mo
Exposure
South West
Property tax
$3,004 / 2025
Days on market
26
Listing brokerage
CAPITAL NORTH REALTY CORPORATION

Rooms

Living RoomMain6.25 × 3.14 m

combined w/dining · open concept · balcony

Dining RoomMain6.25 × 3.14 m

combined w/living · open concept · balcony

KitchenMain2.71 × 2.93 m

stainless steel appl · granite counters · hardwood floor

Bedroom 2Main4.05 × 3.05 m

hardwood floor · closet

Primary BedroomMain6.25 × 3.05 m

hardwood floor · 3 pc ensuite · walk-in closet(s)

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

West Woodbridge, Vaughan, ON

CommuteTime from this home to where you spend your day

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Get the full neighbourhood report (schools, parks, transit & safety) →

Affordability & Mortgage

Affordability
$3,190/mo
$146KIncome needed
4.8×Price ÷ income
$736Weekly cost
$10,473Land 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 $3,190Property tax $250Condo fee $709Total carry $4,149

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)
$3,096per month

Mortgage amount $559,910 · 4.49% over 25 years

$139,978Down payment (20.0%)
$559,910Loan before insurance
$0CMHC premium
$4,055Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$3,096
Property tax
$250
Condo / maintenance fees
$709
Heating
$0
Estimated monthly cost
$4,055

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

One-time closing costs

Ontario land transfer tax
$10,473
Estimated closing costs
$10,473

Plus your down payment of $139,978. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$3,747/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

$368,842Total interest paid
$928,752Total of all payments
Principal $559,910 Interest $368,842
YearPrincipalInterestBalance
1$12,495$24,655$547,416
2$13,062$24,088$534,353
3$13,655$23,495$520,698
4$14,275$22,875$506,423
5$14,923$22,227$491,500
6$15,601$21,549$475,899
7$16,309$20,841$459,589
8$17,050$20,100$442,540
9$17,824$19,326$424,716
10$18,633$18,517$406,083
11$19,479$17,671$386,603
12$20,364$16,786$366,240
13$21,288$15,862$344,951
14$22,255$14,895$322,697
15$23,265$13,885$299,431
16$24,322$12,828$275,110
17$25,426$11,724$249,684
18$26,580$10,570$223,104
19$27,787$9,363$195,316
20$29,049$8,101$166,267
21$30,368$6,782$135,900
22$31,747$5,403$104,153
23$33,188$3,962$70,965
24$34,695$2,455$36,270
25$36,270$880$0

At the end of your 5-year term

Total paid over the term
$185,750
Principal paid down
$68,411
Interest paid
$117,340
Balance remaining
$491,500

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$3,050/mo
$36,600Gross annual rent
2.9%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.

5.2%
Gross yield
− Property tax $3,004− Condo fees $8,502− Insurance $600− Vacancy & upkeep $4,026Net operating income $20,468

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of CAPITAL NORTH REALTY CORPORATION. MLS®/PropTx.

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