4015-225 COMMERCE Street, Vaughan, ON
Vaughan Corporate Centre, Vaughan · MLS® N14031354
About this home
In short
- Stunning 1-Bedroom Plus Den Suite at Festival Condos by Menkes - Right in the Heart of Vaughan Metropolitan Centre.
- This stylish, one-year-new home features a functional, open-concept layout with soaring ceilings and floor-to-ceiling windows on the 40th floor, flooding the space...
- The spacious den is perfect as a second bedroom or home office, complemented by two full 4-piece bathrooms with deep soaking tubs and glass enclosures.
- Prime Location & Transit: Steps from the VMC subway station, YMCA, and Highway 400.
Stunning 1-Bedroom Plus Den Suite at Festival Condos by Menkes - Right in the Heart of Vaughan Metropolitan Centre! This stylish, one-year-new home features a functional, open-concept layout with soaring ceilings and floor-to-ceiling windows on the 40th floor, flooding the space with natural sunlight and offering breathtaking views and a private balcony. The spacious den is perfect as a second bedroom or home office, complemented by two full 4-piece bathrooms with deep soaking tubs and glass enclosures. The modern kitchen is equipped with a designer backsplash, quartz countertops, and premium European-built appliances (built-in fridge, cooktop, oven, dishwasher, microwave, washer and dryer). Complete with in-suite laundry, laminate flooring throughout, upscale finishes, and an included locker storage unit. Prime Location & Transit: Steps from the VMC subway station, YMCA, and Highway 400. Close to Cineplex, Costco, IKEA, Dave & Buster's, Vaughan Mills, Canada's Wonderland, upscale dining, and vibrant nightlife. Ideal for professionals and students seeking ultimate convenience and a dynamic urban lifestyle!
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- N14031354
- Bedrooms
- 1+1 (2 total)
- Bathrooms
- 2
- Size
- 500-599 sq ft
- Cross streets
- Hwy 400/ Hwy 7/ Hwy 407
- Parking
- 0 parking
- Basement
- Other
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete, Metal/Steel Siding
- Maintenance
- $486/mo
- Exposure
- North East
- Property tax
- $3,259 / 2026
- Days on market
- 5
- Listing brokerage
- ANJIA REALTY
Rooms
4 pc bath · soaking tub · quartz counter
led lighting · laminate · 4 pc bath
b/i appliances · quartz counter · custom backsplash
w/o to balcony · laminate · window floor to ceiling
4 pc ensuite · laminate · closet
combined w/kitchen · laminate · open concept
4 pc ensuite · soaking tub · quartz counter
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.
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For saleThe closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $801/sqft; this home lists at $1,056/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesNeighbourhood & location
Vaughan Corporate Centre, Vaughan, ON
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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 $464,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,566
- Property tax
- $272
- Condo / maintenance fees
- $486
- Heating
- $0
- Estimated monthly cost
- $3,323
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $8,075
- Estimated closing costs
- $8,075
Plus your down payment of $116,000. 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
- $153,932
- Principal paid down
- $56,692
- Interest paid
- $97,240
- Balance remaining
- $407,308
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 numbersEstimates 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.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of ANJIA REALTY. MLS®/PropTx.