1503-898 Portage Parkway, Vaughan, ON

Vaughan Corporate Centre, Vaughan · MLS® N13857342

$545,000
For Sale
Listed 16 days agoNo offer date stated

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2Bedrooms
2Bathrooms
1Garage
700-799Sq ft

About this home

In short

  • Beautifully laid out 2-bedroom, 2-bathroom corner unit in one of the area's most desirable locations.
  • Features 2 well-appointed bathrooms, a modern kitchen with quartz countertops, built-in appliances, quality finishes, and laminate flooring throughout.
  • Conveniently located just steps to the subway, public transit, shopping, restaurants, and everyday amenities.
  • Enjoy easy access to Vaughan Mills, IKEA, Costco, Walmart, YMCA, library, community centre, cinema, and major highways including Hwy 7, 400, and 407.

Beautifully laid out 2-bedroom, 2-bathroom corner unit in one of the area's most desirable locations! This bright and spacious suite is surrounded by big windows, filling the home with natural light. Features 2 well-appointed bathrooms, a modern kitchen with quartz countertops, built-in appliances, quality finishes, and laminate flooring throughout.Conveniently located just steps to the subway, public transit, shopping, restaurants, and everyday amenities. Enjoy easy access to Vaughan Mills, IKEA, Costco, Walmart, YMCA, library, community centre, cinema, and major highways including Hwy 7, 400, and 407. A perfect combination of style, comfort, and unbeatable convenience!

Key facts

Property type
Condo Apartment, Apartment
MLS®
N13857342
Bedrooms
2
Bathrooms
2
Size
700-799 sq ft
Cross streets
Jane St/ Hwy 7
Parking
1 garage (underground)
Basement
None
Heating
Fan Coil
A/C
Central Air
Exterior
Concrete
Maintenance
$616/mo
Exposure
South East
Property tax
$2,704 / 2025
Days on market
16
Listing brokerage
REMAX YOUR COMMUNITY REALTY

Rooms

Living RoomFlat3.39 × 3.56 m

combined w/kitchen · w/o to balcony · laminate

KitchenFlat3.39 × 3.56 m

combined w/living · open concept · laminate

Bedroom 2Flat3.04 × 3.18 m

separate room · window · closet

Primary BedroomFlat4.34 × 3.15 m

4 pc ensuite · window · large closet

Our TakeTeam Asgarian · Broker
No automatic estimate

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Neighbourhood & location

Vaughan Corporate Centre, Vaughan, ON

CommuteTime from this home to where you spend your day

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Affordability & Mortgage

Affordability
$2,484/mo
$117KIncome needed
4.7×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.

75%mortgage
Mortgage $2,484Property tax $225Condo fee $616Total carry $3,325

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
$3,252Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,411
Property tax
$225
Condo / maintenance fees
$616
Heating
$0
Estimated monthly cost
$3,252

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$2,400/mo
$28,800Gross annual rent
2.7%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.

5.3%
Gross yield
− Property tax $2,704− Condo fees $7,390− Insurance $600− Vacancy & upkeep $3,168Net operating income $14,939

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

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