2501-5 Buttermill Avenue, Vaughan, ON
Concord, Vaughan · MLS® N13824308
About this home
In short
- Welcome to this stunning residence at Transit City 1 & 2, offering breathtaking views showcase beautiful sunsets every evening.
- Enjoy an unbeatable location with convenient access to Highways 400, 407, and 7.
- Thoughtfully designed as a spacious 2-bedroom + den suite, this home features 9-ft ceilings, floor-to-ceiling windows, and a bright open-concept layout that...
Welcome to this stunning residence at Transit City 1 & 2, offering breathtaking views showcase beautiful sunsets every evening. Enjoy an unbeatable location with convenient access to Highways 400, 407, and 7. Step directly to Viva and Zum transit for effortless commuting throughout the GTA, with Vaughan Metropolitan Centre Station just a short walk away. York University is only a short drive or transit ride away, and Walmart is conveniently located nearby. Thoughtfully designed as a spacious 2-bedroom + den suite, this home features 9-ft ceilings, floor-to-ceiling windows, and a bright open-concept layout that seamlessly combines style, comfort, and convenience. The modern kitchen equipped with built-in appliances, sleek cabinetry, and contemporary finishes that flow effortlessly into the spacious living and dining areas. The versatile den is enclosed with sliding doors and can easily function as a third bedroom, home office, or guest space, offering excellent flexibility for families and professionals alike. Natural light fills the home, creating a warm and inviting atmosphere throughout the day. Residents enjoy access to outstanding building amenities and one of Vaughan's most connected urban locations. Vaughan Mills, RioCan Colossus Centre, and Air Riderz Adventure Park are all just minutes away, with banks, restaurants, cafes, and everyday shopping conveniently nearby. An outstanding opportunity to own or invest in one of Vaughan's most vibrant urban communities. Experience modern Vaughan living with unbeatable transit connectivity, premium conveniences, and exceptional comfort. Don't miss your chance to make this remarkable home yours!
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- N13824308
- Bedrooms
- 2+1 (3 total)
- Bathrooms
- 2
- Size
- 800-899 sq ft
- Cross streets
- Jane and Highway 7
- Parking
- 0 parking
- Basement
- None
- Heating
- Fan Coil
- A/C
- Central Air
- Exterior
- Concrete
- Foundation
- Concrete
- Maintenance
- $630/mo
- Exposure
- North
- Property tax
- $3,012 / 2026
- Days on market
- 25
- Listing brokerage
- KELLER WILLIAMS EMPOWERED REALTY
Rooms
laminate · 4 pc ensuite · closet
laminate · closet · closet
b/i dishwasher · b/i fridge · combined w/dining
laminate · window floor to ceiling · combined w/living
laminate · sliding doors · sliding doors
open concept · combined w/kitchen · w/o to balcony
Listed at $589,000. 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 $576K, if it sells. A realistic range is $542K to $623K.
Independent value check: $524K. Without looking at the asking price, our model values the home itself about 11% below the ask (homes like it typically land between $487K and $551K).
Why $524K. The typical condo sold in Vaughan Corporate Centre over the past year went for about $520K (150 sales). What sets this one apart:
- ▲ Raises it stronglyIt is 800 to 899 sq ft; the typical home sold here is 600 to 699.
- ▲ Raises it2+1 bedrooms and 2 baths, against 1+1 and 2 typically.
- ▼ Lowers it0 garage and 0 total parking spaces, against 1 and 1 typically.
- ▲ Raises itIts tax bill, which follows the city's own assessment, is $3,012 a year; the typical home sold here pays about $2,700.
Total price vs nearby homes. Likely closing about $576K, from 28 recent closings in this pocket.
The market behind the math:
About 4.8 months of inventory: 45 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.
Price per square foot: this home lists at $693/sqft against an area asking average of $768/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 $511K. 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
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($693/sqft) is below the area, so you are paying for extra space rather than a premium.
Based on 4 homes sold in this building over the past two years, plus 1 nearby in Vaughan Corporate Centre, from 287 closings in Vaughan Corporate Centre.
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 $737/sqft; this home lists at $693/sqft. Size is part of the price story, not just the sticker.
The 3 closest 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 20, 2026); conventional rates run a little higher.
Mortgage amount $471,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,605
- Property tax
- $251
- Condo / maintenance fees
- $630
- Heating
- $0
- Estimated monthly cost
- $3,486
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $8,255
- Estimated closing costs
- $8,255
Plus your down payment of $117,800. 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
- $156,321
- Principal paid down
- $57,572
- Interest paid
- $98,749
- Balance remaining
- $413,628
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 5 whole-home leases in Vaughan Corporate Centre signed at a median of $2,800 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 KELLER WILLIAMS EMPOWERED REALTY. MLS®/PropTx.