1603-8960 Jane Street, Vaughan, ON

Vellore Village, Vaughan · MLS® N13857112

$668,000
For Sale
Listed 14 days agoNo offer date stated
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2Bedrooms
3Bathrooms
1Garage
800-899Sq ft

About this home

In short

  • Welcome to this 2-bedroom, 2.5-bath condo at Charisma North Tower at 8960 Jane St. offering 870 sq.ft. of thoughtfully designed living space with soaring 9-ft...
  • The open-concept layout features a modern kitchen with quartz countertops, stainless steel appliances, and soft-close cabinetry.
  • Situated just steps from Vaughan Mills, public transit, restaurants, and Canadas Wonderland, Charisma offers unmatched amenities including a24-hour concierge, outdoor...
  • With easy access to Hwy400, 407, and the Vaughan Metropolitan Centre subway, this location is ideal for professionals, couples, or down sizers seeking modern living...

Welcome to this 2-bedroom, 2.5-bath condo at Charisma North Tower at 8960 Jane St. offering 870 sq.ft. of thoughtfully designed living space with soaring 9-ft ceilings and a spacious private balcony, this unit combines comfort, style, and convenience. The open-concept layout features a modern kitchen with quartz countertops, stainless steel appliances, and soft-close cabinetry. Enjoy the rare bonus of a third bathroom a convenient powder room perfect for guests. Floor-to-ceiling windows flood the space with natural light, while the in-unit laundry, wide-plank flooring, and upgraded finishes throughout elevate everyday living. Situated just steps from Vaughan Mills, public transit, restaurants, and Canadas Wonderland, Charisma offers unmatched amenities including a24-hour concierge, outdoor pool and terrace, fitness and yoga studio, rooftop sky lounge, pet spa, games room, bocce courts, theatre room, party space, and more. With easy access to Hwy400, 407, and the Vaughan Metropolitan Centre subway, this location is ideal for professionals, couples, or down sizers seeking modern living in the heart of Vaughan. Move into day and experience condo living redefined.

Key facts

Property type
Condo Apartment, Apartment
MLS®
N13857112
Bedrooms
2
Bathrooms
3 (1 half)
Size
800-899 sq ft
Cross streets
Jane St & Rutherford Rd
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Maintenance
$706/mo
Exposure
South East
Property tax
$2,400 / 2025
Days on market
14
Listing brokerage
ENGEL & VOLKERS TORONTO CITY
Our TakeTeam Asgarian · Broker
A small discount is typical
$647Klikely sale price

Listed at $668,000. Going by how homes in Vellore Village and the wider GTA have actually closed against their asking prices (about 97%, 7 local closings in 90 days), the likely sale price is near $647K, if it sells. A realistic range is $609K to $700K.

Independent value check: $556K. Without looking at the asking price, our model values the home itself about 17% below the ask (homes like it typically land between $517K and $584K).

Why $556K. The typical condo sold in Vellore Village over the past year went for about $568K (49 sales). What sets this one apart:

  • ▲ Raises it strongly2 bedrooms and 3 baths, against 1+1 and 2 typically.
  • ▼ Lowers itIts tax bill, which follows the city's own assessment, is $2,400 a year; the typical home sold here pays about $2,700.
  • ▲ Raises it slightlyIt is 800 to 899 sq ft; the typical home sold here is 700 to 799.
List price
$609KBelow recent closings$700KAbove recent closings

Total price vs nearby homes. Likely closing about $647K, from 7 recent closings in this pocket.

The market behind the math:

7sold nearby · 90 days
$575Kmedian sold price
95%of asking, on average
−9%prices vs a year ago
~33 dayshomes like this take to sell
14days on market so far
$2,925/moest. rent · 11 leases
5.3%gross yield on the ask
Buyer's market
Buyer's marketSeller's market

About 4.3 months of inventory: 10 condo apartment homes for sale in the area against 7 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 $786/sqft against an area asking average of $787/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 7 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $590K. 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
  • Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
  • 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 ($786/sqft) is in line with the area, so you are paying for extra space rather than a premium.

Based on 11 homes sold in this building over the past two years, from 49 closings in Vellore Village.

What sellers nearby are askingCurrently listed nearby in Vellore Village · asking prices
$752kavg asking

Nothing closely matching this home is listed nearby right now, so these are the nearest condo apartment listings on the market. Homes like this one have recently closed around $556K, which is where my estimate comes from.

Per square foot, these ask about $776/sqft; this home lists at $786/sqft. Size is part of the price story, not just the sticker.

The 5 closest of 8 active listings nearby.

See all comparable homes
668kThis home830k898k950k549k535kThis home vs active comparables

Sold price trend

Median sold price for condos in Vaughan: $505K in September 2026, down 4% from a year ago, on 795 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. Vaughan as a whole: the neighbourhood alone has too few closings for a line of its own.

Month by month
MonthMedian soldClosings
October 2025$570K71
November 2025$565K67
December 2025$538K50
January 2026$520K49
February 2026$575K54
March 2026$538K72
April 2026$525K62
May 2026$552K79
June 2026$547K92
July 2026$570K73
August 2026$523K64
September 2026$505K62

Neighbourhood & location

Vellore Village, 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
$561K
Maple
$611K
Vaughan Corporate Centre
$511K
East Woodbridge
$579K
Beverley Glen
$574K

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
$3,045/mo
$139KIncome needed
4.8×Price ÷ income
$703Weekly cost
$9,835Land 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 $3,045Property tax $200Condo fee $706Total carry $3,951

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 17, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$2,955per month

Mortgage amount $534,400 · 4.49% over 25 years

$133,600Down payment (20.0%)
$534,400Loan before insurance
$0CMHC premium
$3,861Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,955
Property tax
$200
Condo / maintenance fees
$706
Heating
$0
Estimated monthly cost
$3,861

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

One-time closing costs

Ontario land transfer tax
$9,835
Estimated closing costs
$9,835

Plus your down payment of $133,600. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$3,576/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

$352,037Total interest paid
$886,437Total of all payments
Principal $534,400 Interest $352,037
YearPrincipalInterestBalance
1$11,926$23,532$522,474
2$12,467$22,990$510,007
3$13,033$22,424$496,974
4$13,625$21,833$483,350
5$14,243$21,214$469,106
6$14,890$20,567$454,216
7$15,566$19,891$438,650
8$16,273$19,184$422,377
9$17,012$18,446$405,365
10$17,784$17,673$387,581
11$18,592$16,866$368,989
12$19,436$16,022$349,553
13$20,318$15,139$329,235
14$21,241$14,217$307,994
15$22,205$13,252$285,789
16$23,213$12,244$262,575
17$24,267$11,190$238,308
18$25,369$10,088$212,939
19$26,521$8,936$186,417
20$27,725$7,732$158,692
21$28,984$6,473$129,708
22$30,300$5,157$99,408
23$31,676$3,782$67,732
24$33,114$2,343$34,618
25$34,618$840$0

At the end of your 5-year term

Total paid over the term
$177,287
Principal paid down
$65,294
Interest paid
$111,994
Balance remaining
$469,106

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 11 whole-home leases in Vellore Village$2,925/mo
$35,100Gross annual rent
3.0%Cap rate after taxes and upkeep
$2,691 to $3,159Typical rent range
~21 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 11 whole-home leases in Vellore Village signed at a median of $2,982 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,925. 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.

5.3%
Gross yield
− Property tax $2,400− Condo fees $8,475− Insurance $600− Vacancy & upkeep $3,861Net operating income $19,764

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of ENGEL & VOLKERS TORONTO CITY. MLS®/PropTx.

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